What Will Happen In 2025
I've done a lot of these January 1st look forward posts in the 20+ years I've been blogging. I've used many different approaches. I sometimes talk big themes, like I did last year. I sometimes focus on just one thing. And sometimes I just make a bunch of predictions. I am going to do the latter approach today because I feel like it and it's so much fun. 1/ Apple and Google will leverage their existing market power to surpass OpenAI/ChatGPT in consumer AI prompts by the end of 2025. 2/ Waymo w...
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A friend of mine stopped by the USV office the other morning and asked me about startup mortality rates. Her business sells to startups a...
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As we enter 2024, the capital markets have found their footing and are moving higher. The Fed has taken interest rates as far as they want at this ti...
What Will Happen In 2025
I've done a lot of these January 1st look forward posts in the 20+ years I've been blogging. I've used many different approaches. I sometimes talk big themes, like I did last year. I sometimes focus on just one thing. And sometimes I just make a bunch of predictions. I am going to do the latter approach today because I feel like it and it's so much fun. 1/ Apple and Google will leverage their existing market power to surpass OpenAI/ChatGPT in consumer AI prompts by the end of 2025. 2/ Waymo w...
Startup Mortality Rates
A friend of mine stopped by the USV office the other morning and asked me about startup mortality rates. Her business sells to startups a...
What Will Happen In 2024
As we enter 2024, the capital markets have found their footing and are moving higher. The Fed has taken interest rates as far as they want at this ti...
Share Dialog
Share Dialog
I have worked with many former lawyers in my career and my experience with them has always been fantastic.
The first former lawyer I worked with was Milt Pappas who, along with his partner Bliss McCrum, were my first bosses in venture capital and they taught me so much.
Milt told me that he believed that a legal education was a fantastic preparation for the business world. Milt had attended law school but never practiced law. He went right into a trust and estates department at a leading bank in Cleveland Ohio, where in the 1960s he became acquainted with private investments and that led him to doing deals with some of the earliest VCs. In 1970, he and Bliss started Euclid Partners and that's where I got my first job in venture capital. Milt taught me so much about being a minority investor, being a great board member, balancing responsibilities to our portfolio companies and our investors, and so much more.
Three of my partners at USV are former lawyers, John Buttrick, Andy Weissman, and Samson Mesele. They are great investors and great partners.
I have helped quite a few former lawyers move from legal careers to working in startups. I have found that they are often great business partners to early-stage founders. They can take on many roles, including finance, HR, business development, business operations, and, of course, legal. I am not entirely sure what it is about a legal education, but I feel that it prepares people to be effective across a range of activities.
I have run into business leaders who see a legal background on a resume and pause. They think it is a limiting background. I feel the opposite about it. I see it as a sign of range and capability. Particularly with people who left the practice of law early or mid career.
So if you need someone on your team who can take all of the administrative functions off your plate and run with them, consider a former lawyer. It is a bit of an unconventional move, but I think it is a strong one.
I have worked with many former lawyers in my career and my experience with them has always been fantastic.
The first former lawyer I worked with was Milt Pappas who, along with his partner Bliss McCrum, were my first bosses in venture capital and they taught me so much.
Milt told me that he believed that a legal education was a fantastic preparation for the business world. Milt had attended law school but never practiced law. He went right into a trust and estates department at a leading bank in Cleveland Ohio, where in the 1960s he became acquainted with private investments and that led him to doing deals with some of the earliest VCs. In 1970, he and Bliss started Euclid Partners and that's where I got my first job in venture capital. Milt taught me so much about being a minority investor, being a great board member, balancing responsibilities to our portfolio companies and our investors, and so much more.
Three of my partners at USV are former lawyers, John Buttrick, Andy Weissman, and Samson Mesele. They are great investors and great partners.
I have helped quite a few former lawyers move from legal careers to working in startups. I have found that they are often great business partners to early-stage founders. They can take on many roles, including finance, HR, business development, business operations, and, of course, legal. I am not entirely sure what it is about a legal education, but I feel that it prepares people to be effective across a range of activities.
I have run into business leaders who see a legal background on a resume and pause. They think it is a limiting background. I feel the opposite about it. I see it as a sign of range and capability. Particularly with people who left the practice of law early or mid career.
So if you need someone on your team who can take all of the administrative functions off your plate and run with them, consider a former lawyer. It is a bit of an unconventional move, but I think it is a strong one.
8 comments
Hi Casters. I have worked with a lot of former lawyers in my career and they have always been terrific business partners. I wrote a bit about that today https://avc.xyz/former-lawyers
Very cool, thanks for sharing! I’m an intellectual property lawyer & patent agent who quit last year to pursue more business in the creator economy, so I definitely resonate with the education preparation and perspective that comes from law school ✨
> I have helped quite a few former lawyers move from legal careers to working in startups Doing god's work! Amazing. > I am not entirely sure what it is about a legal education Mastery of symbolic reasoning (not as much as a math background, but vector in that direction), coupled with mastery of human beings (understanding full range of behaviors, incentives, motivations etc) which mathematicians don't get. Understanding symbols; understanding people; understanding how to build things with your hands -- the 3 things people need to master to become great entrepreneurs! Lawyers go along way to #1 and #2. > Particularly with people who left the practice of law early :)
i think it has to do with the use of the socratic method in a legal education the give and take of argumentative dialog is so important to learn how to deal with truth-finding and conflict
https://warpcast.com/casslineth/0x48b8ac69
Would also recommend former investment bankers who are so good with contracts they give lawyers a run for their money. cc @fieldy Probably want a strong personal reference though 😉
rightfully so. I would venture one step further and inspired by "smart contracts", there's an opportunity in the future "the programmer lawyer" role to emerge. Because of their approaches to logic conundrums and interpretations, especially in non-deterministic contexts (*cough* AI *cough*), is valuable.
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