Entrepreneur, you will give up the lawyers, in exchange for a small part of your start?
Gulf region LLP Britton, Silberman and Cervantez, LLP, has launched is called stock LLP, by providing start-up company start-ups "from start to finish, the legal representative of the technology accelerator, entrepreneurs astronomical monthly fees can be avoided.
With the consumer and enterprise technology entrepreneurs entrepreneurs to build a large and growing population, the ecosystem has become more and more litigation. Start-up companies are unknowingly infringe the intellectual property rights of its competitors, there are few resources to avoid litigation.
Gil Silberman describes himself as a "dot com lawyers."
Gil Silberman, partner in a small company, the attention of the start-ups have been competing for years. "We are seriously take a new Internet company, set up shop in South Park (an area south of San Francisco), and participation in the network revolution, a lawyer," he said. Before Silberman representatives Craigslist, it is a company and the founder of LinkedIn in the company's early work.
A growing number of new "wantrepreneurs" Silicon Valley to establish a great consumer of high-tech companies, but does not consider the legal implications. Consider the Uber Cup, the sidecar Lyft: San Francisco regulatory agencies have become inextricably intertwined these traveling-sharing company, are faced with the costs that do not meet safety standards.
Silberman is a new era of the lawyers, and the use of the latest technology, to accelerate the pace of research and reduce the growing variety of customers per hour fee.
Before our interview, the engineer-turned-lawyer told me that he is "fiddling around the NOSQL. Silberman believes his technical background, more mature and competitive advantage of the law firm:" It helps me to be very effective and automated process, "he said. "If investors require stock of the ceiling table or hope, there is no reason lawyers should open a dusty file cabinets.
The company, which also shows that as a start, to resist white shoes company, provides young entrepreneurs representatives, and allow them to defer payments until they compete to raise funds. The New York Times reported that Weierxunsong Fuad recent restructuring of its strategy to attract new companies - it is to please the tech business incubators and small, strategic investments.
Stock LLP is still accepting applications, it is expected to run in January. The plan is modeled on the most famous accelerators such as Y Combinator and TechStars. First class proved to be successful, the company hopes the the pairing, campus network design and technology entrepreneurs Assembly.
However, the company will take a smaller piece than most accelerators (Y Combinator about 6%) of the company. It is still thinking about the specific terms and conditions, but the target is 2%. Its design is a separate program from traditional accelerator, entrepreneurs have graduated.
For a start-up company, it is not so easy to fill in a form on the website - they are opportunities, they will need to get the high-profile investors and consultants, on their side. Silberman said, they are turning to their network authentication.
The accelerator will accept a full range of legal representatives. The primary goal of the early-stage start-up companies - once they raise their first round of funding, and take the product to market, it may already be too late, and guide them through the necessary legal agreements.
"For entrepreneurs, we are trying to find a way to reduce the costs and risks of early stage," explains Silberman.
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