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A comment on The Un-American Rule on VC's Legal Fees.

Re:The Un-American Rule on VC's Legal Fees by joshfraser on Saturday November 07, 2020 @06:13PM (#25020696)
Early stage deals should be done using standard docs that don't involve lawyers at all. Why should anyone pay 20k to have some legal aids fill in a template? It's insane.
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Re:The Un-American Rule on VC's Legal Fees by harveyesq on Sunday November 08, 2020 @09:36AM (#25026037)
Fred Wilson agrees.

In his mind you should be able to incorporate, draft and sign series seed documents (no negotiation) for $5K. Although that was said several years ago the same ideal should hold true today in 2020. https://avc.com/2011/03/a-challenge-to-startup-lawyers/

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