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Re:The Importance of Lawyers by alexwestholm on Saturday December 18, 2010 @02:39PM (#2020089)
I don't think these issues go so much to the point of needing a "startup lawyer" with a presence in the Valley, but more to getting high quality service, which probably means paying $$.

A first year associate knows next to nothing about practicing law, and shouldn't be let anywhere near your business. While it's possible that Wilson Sonsini does a better job of handholding their first year class, I doubt that the quality of work you'd get from a first year at X top firm differs significantly in quality from that of a first year at top firm Y.

Likewise, a partner in the corporate practice group at any major law firm would probably not have made these mistakes, regardless of the firms profile in the Valley.

Re:The Importance of Lawyers by Umalu on Saturday December 18, 2010 @02:22PM (#2020050)
It is common for people on the outside to think everyone on the inside is the same. This article makes the very helpful point that it is not enough to be a "lawyer." You must get a "lawyer who understands startups." Otherwise it's like an iPhone app developer hiring a programmer whose only experience is pushing COBOL punch cards through an insurance company's circa 1976 DEC mainframe. Sure, he's a programmer, but he's not likely to be of much use.
Re:The Importance of Lawyers by MediaSquirrel on Saturday December 18, 2010 @02:37PM (#2020083)
Great point. And while I think in the startup community there's a general acceptance of the idea that not all devs are created equal, I'm not so sure the same has been realized about other service providers.
Re:The Importance of Lawyers by royrod on Saturday December 18, 2010 @02:07PM (#2020013)
Very good illustration of needing an experienced startup lawyer. It's true. And really interesting story in its own right :)
Re:The Importance of Lawyers by macmac on Saturday December 18, 2010 @03:33PM (#2020212)
Did he pitch his idea to someone who's mother just passed away?