How much lawyering is too much lawyering? A Twitter thread that went viral last week began with a cautionary tale about how even very good lawyers can go overboard without proper guidance from their clients.
David Frankel, a partner at venture capital firm Founder Collective, tweeted about how, early in his career, his “ambitious and customer-focused lawyer” ended up costing him both money and the opportunity to invest in a business because the attorney included “a host of aggressive provisions and haggled over every minor request from the company’s owner.” The owner eventually chose another investor and dismissed Frankel’s offer.
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