Investing in legal tech with Zach Posner
Zach Posner is a co-founder and managing partner of The Legal Tech Fund, an investment fund which focuses exclusively on early stage legal tech start ups. He is an accomplished entrepreneur himself, having started and sold three companies in a variety of industries.
In a wide ranging and fascinating conversation, we covered many aspects of the legal tech investment world, including:
What is unique about the legal tech market, and why he and The Legal Tech Fund focus on it
What makes a good start up, both in general and in the legal industry specifically
How to validate a new business idea
Why timing is of critical importance, and what to do about it
What "pre-seed", "seed", "series A" and other investment jargon means
What funding cycles are and how they work
The role of an investor in the day-to-day operations and management of a business
What sort of exit investors look for and why the exit profile in legal tech is different to other markets
LINKS
Zach Posner on Linkedin: https://www.linkedin.com/in/zachposner
The Legal Tech Fund: https://www.legaltech.com/
TLTF Summit: http://tltfsummit.com/
Nate's news: https://www.legaltech.com/natesnews