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A random thought prompted me to Google “what is farther away from Earth than the Moon?”
Turns out, it’s the stars.
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Benny L. Walk
16.4K posts
Benny L. Walk
@blwalkii
Advocate-For-Hire: @IncProsBiz | Senior Counsel: https://t.co/9wXy4JxzDA
Dallas, TX Katılım Ocak 2008
1.7K Takip Edilen1.3K Takipçiler
Friendly reminder that the NVCA “market” terms give investors a veto over raising more money.
For virtually every start up, that means your investors can force you to sell the company.
Remember that next time your lawyers or your investors tell you their terms are “standard.”
Paul Graham@paulg
No investor has any right to push you to get acquired if you don't want to. The company is your project, not theirs.
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No investor has any right to block you from getting acquired if you want to do it. The company is your project not theirs.
Paul Graham@paulg
No investor has any right to push you to get acquired if you don't want to. The company is your project, not theirs.
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Although 2025 was a peak year, I think it's safe to say there's no sign yet of a "Silver Tsunami"
Thoughts?
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@willchen500 Nice! Throw the summer associates straight into the deep end. No mercy.
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Hargora.ai now redirects to MikeOSS.com.
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Credit to Richard Tromans from Artificial Lawyer for coining the term "Hargora".
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My prediction is these AI native law firms end up becoming law firm roll-ups.
I don’t see the “we are an AI law firm” play surviving long term. I do see raising $100m with an MSO structure and picking up a bunch of law firms that handle volume consumer work.
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@KHendersonCo I’d take it a step further and say “AI” is better than when clients were sending links or templates they found on “Google”.
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There is a quiet killer in Legal AI that is putting up insane quarterly numbers with extremely positive gross margins and stealing customers from all your VC darlings.
But go ahead and pump your bags boys.
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Contrary take:
11/10 times I'll take the client that comes to me asking "I ran this through Claude and have a few questions" than the client saying "I have no idea what that means, I'll take your word for it."
Maybe my clients are just built different, but the ones using AI are all coming to me with really good questions they wouldn't have otherwise thought to ask.
This should be encouraged, not discouraged.
BowTiedBrazil@bowtiedbrazil
every single person in prof services biz i talk to is seeing this. on avg every 3 prospect comes to me with AI analysis and solutions that are just plain wrong. i think we will have this for next 2-3 years until the market figures out how to adjust for this and/or avg joe figures out how to better use AI
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Michael Milken's former family office just raised $4bn for distressed credit.
"The era of buying something, levering it up, then selling at an elevated multiple is over."
The junk bond king's old shop is now the vulture circling above it.
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Zeros count.
1 x 1 = 1
10 x 10 = 100
100 x 100 = 10,000
1000 x 1000 = 1,000,000
100,000 x 1 = 100,000
1,000,000 x 0.1 = 100,000
10,000,000 x 0.01 = 100,000
100,000,000 x 0.001 = 100,000
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@wraithbrokerage If it was easy everybody would be doing it, as has seemingly become the case, which is a red flag.
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Different perspective, it probably shouldn’t have been that easy
People that bought $1M in EBITDA for 3x with 90% leverage got a deal that should not have happened
Bring more equity and pay people what the business is worth
Kaustubh Deo - Guesswork Investing@guessworkinvest
Number one theme from SMBash 2026 for me: it is objectively harder to get deals done, and deal quality is going down. To paraphrase Jacob Hall: The self-funded search playbook of 2019-2021 no longer works.
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