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relaunched | 2 years ago

Except their legal fees. Whenever you close a round, make sure you negotiate a cap on the legal fees you are willing to cover. The company pays for VC legal fees - SURPRISE.

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TooSmugToFail|2 years ago

Interesting. Two out of two times I managed to negotiate every side paying their own fees.

It incentivises rationality in how legal counsel is used in the process.