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Rose Kelly
Free Webinar: How to Obtain a U.S. Visa as a Startup Founder? Embarking on a business venture is a task in itself. What about when you’re a foreign startup founder? In addition to navigating business rules and regulations, foreign business founders must also secure the correct U.S. visa to operate in the US and develop their business. Learn more about obtaining a USA visa through our Free Webinar: https://bit.ly/3w0EM8f #startup #immigrantstartup #businessfounder #businessinternational #usa #entrepreneurvisa #USVisa #workpermit #workvisa #usaworkpermit #usinvestorvisa #startupindia #startupjourney #startups #startuptips #startupusa #startupweekend #startupworld #techstartup #techstartups
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Adrian Parlow
At Legal Innovators California yesterday, my main takeaway was that people are getting serious about using AI in legal. It's no longer about IF or WHEN the legal field will start adopting AI. It's about HOW we can do it right now. For many, the main barrier to adoption is still output quality. AI systems can perform reasonably well when they're highly specialized, well-trained, and heavily supervised by attorneys. For example, Wilson Sonsini Goodrich & Rosati's Neuron contract platform, which uses WSGR's attorneys behind the software to review its outputs. For others, it's getting tooling that actually works in their practice. I spoke with an insurance defense firm who was searching for good AI tools, but found that general-purpose ones didn't cut it. Despite these barriers, the fact that the tone has shifted from AI skepticism to optimism and collaboration is really exciting.
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Khalil Zlaoui
Our users asked, CaseBlink delivered! CaseBlink is introducing its Document AI 📄 feature, which seamlessly sorts and classifies client documents into visa-specific categories, generates full citations, organizes exhibit lists, and succinctly summarizes documents into key points used to craft support letters and legal briefs! #immigrationAI #legaltech #genai
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Eric Leander
If you were curious about the state of the #VentureCapital market / industry, hear what Peter Rex has to say on the topic. #VC like all other asset classes and industries goes through cycles, typically with the advancement and introduction of new #Technologies / #Innovations / #BusinessModels / #Markets. Currently, #ArtificialIntelligence / #AI is propping up the VC space. Emerging managers and/or junior and rising associates would do well to be on the lookout for what's next (i.e. 5 to 7 years out). Keep your eyes peeled and your powder dry :)
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Christian Brown
Tomorrow’s AI panel is going to be a lot of fun, don’t miss it! ⚖️ LegalTech’s New Frontier in AI: Imagining Future Realities 🔮 Co-hosted by Alumni Ventures and HeyCounsel 🔍 About the Webinar: Dive into the future of Legal AI with us as we explore untapped opportunities and envision the next 5-10 years in the legal field. We will discuss potential breakthroughs and the challenges of integrating new technologies into a traditionally conservative arena. 👥 Featuring: Cecilia Ziniti, Founder/Lawyer at GC AI Michael Ulin, Co-Founder and CTO of Paxton AI @Ray w., Investor at Alumni Ventures’ AI Fund Christian Brown, Founder/Lawyer Code and Counsel, PLLC Moderated by: Brian Scherer, CEO and Founder of HeyCounsel Register for free to join - link in the comments below! #CodeandCounsel #LegalTech #FutureOfLaw #Innovation #Webinar #AI #HeyCounsel
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Thomas G. Martin
🚀 Exciting News: LawDroid is Heading to Legal Innovators California! 🚀 I am thrilled to announce that LawDroid will be featured in the inaugural Start-Up Gallery at Legal Innovators California this June 4th and 5th in San Francisco! 🌟 What’s Happening? Legal Innovators is launching a new 'Start-Up Gallery' where early-stage startups showcase their groundbreaking products and share their visions. It’s a fantastic opportunity to see firsthand the future of legal technology. 👥 Why Attend? Join us to explore innovative solutions and fresh approaches to overcoming the legal sector’s biggest challenges. Whether you’re looking to network, find potential collaborations, or just stay on the cutting edge of legal tech, this event is for you! 📅 Mark Your Calendar! Don’t miss out on this chance to connect with thought leaders and changemakers at the forefront of legal innovation on June 4th and 5th. ✨ Visit Us Stop by our booth to learn how LawDroid is transforming the legal landscape through automation and AI. We can’t wait to meet you and discuss how our solutions can benefit your business! 🎟️ If you don't have tickets yet, buy them now: https://lnkd.in/gmEWHkP7 Let’s innovate together! See you in San Francisco! 🌉 #LegalInnovators #LawTech #StartUpGallery #LegalTech #Innovation #SanFrancisco cc: Cosmonauts Richard Tromans
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Gabriele Iuvinale
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. By tracking these layoffs, we’re able to understand the impact on innovation across companies large and small. We’re also able to see the potential impact of businesses embracing AI and automation for jobs that had previously been considered safe. https://lnkd.in/dQ-T3xUh
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Isht Vatsa, Esq.
We recently had a major success with an L-1B visa approval for a remarkable client in the Internet of Things (IoT) space. I wanted to share this because it made me think about how this client’s expertise not only gave him his L-1B, but could, down the line, turn into an EB-2 NIW… This case was filed in Laguna Niguel, California, and it was no easy feat. Despite the U.S. government's claims of supporting small businesses, the reality is often quite different… Our client is a true innovator, pioneering cutting-edge IoT sensors that enhance safety and efficiency in the oil and gas industry. What made this situation even more remarkable was that our client has a patent for pretty groundbreaking technology that he built, a testament to his exceptional knowledge and expertise in the field. But despite submitting mountains of evidence including the patent, we got an RFE (no surprise there.) We fought hard and put together a truly comprehensive RFE response and won. A relief, but also a lesson - even seemingly slam dunk cases can receive an RFE. What was most interesting to me about this was that, in theory, this individual can double dip moving forward, both with the L-1B (and an extension), and then possibly exploring an EB-2 NIW. Given the client's technical prowess and pioneering work, he’s a strong candidate for an NIW… of course we’ll cross that bridge with the client when we get there. . . . The biggest takeaway here is that if you’re an L-1B applicant or visa holder, talk to an immigration lawyer about the potential of an EB-2 NIW. You have a solid foundation of having specialized knowledge with your L-1B… let’s see if you met the NIW requirements and have a chance. Shoot me a LinkedIn DM to set up a consultation and discuss! #immigration #immigrationlaw #internetofthings #energysector #oilandgas
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Paula Reichenberg
LET THE INVESTOR SPEAK, part 1: "Find yourself a person who asks questions that hurt, and who pushes you to care about the dead boring stuff." That's Raoul Dobal's advice on how to spot the perfect investor and board member. As an angel investor, active board member and CTO of PMG Investment Solutions AG, Raoul is ready to get his hands dirty and to serve as an active and committed board member in the startups he invests in. It's also the best way for him to make sure his investees will succeed: giving them an experienced and hands-on support, and making sure the nitty-gritty aspects of growing a company are not neglected. We're talking compliance, data security, HR strategy, and the legal setup. Because while building an awesome product might be the most activating thing to do, setting the reliable groundwork is what's going to help limit future risk. As a startup that got ISO-27001-certified in its first year of existence, we at Neur.on couldn't agree more. In our case, legal and banking clients are only working with us because we can prove how secure our data flows are. That's super boring stuff. Until it isn't. ---------- In the ongoing series "Let the investor speak", I'll showcase personal insights from investors all across the board to help you diversify your search for an angel investor or VC company.
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Eitan Hoenig
Non-competes might be kaput. What does that mean for start-ups? Many start-ups may not feel the impact of this change. But, should the FTC’s ban hold up, start-ups should put more energy towards: 👉Retention Retention is already crucial in a start-up where losing 1 or 2 key employees can significantly hinder progress. But now there’s a new worry: What happens when someone with equity in your company leaves, keeps the equity, then works for or founds a competitor? To get in front of this issue, be more conscious about employees’ equity vesting terms. Keeping to multi-year vesting schedules will be even more useful if non-competes are not available. The FTC’s ban is still under review, but discipline and focus on retention and being rigorous about multi-year vesting schedules will help your start-up either way. What vesting schedules do you use for your team? #noncompete #FTC #startup #founder #legal #equity
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Sam Edwards
Data and observations on recent trends in VC deal terms. Along with more "structure" (participating preferred, multiples on liquidation preference, and cumulative dividends), pre-money valuations have dropped significantly more and not recovered in later stage deals but early stage deals are much closer to 2022 pre-money values & raise sizes. https://lnkd.in/g2kcxznr
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André Thiollier
Good morning from sunny Silicon Valley! When pitching to VCs, focusing on meaningful metrics can ensure your pitch stands out. Here are six key points to consider: 1. Vanity Metrics: Highlight user retention, engagement, and conversion rates over social media followers, app downloads, and website visits. 2. Contracted ARR: Emphasize realized ARR, showcasing revenue already earned instead of contracts yet to materialize. 3. Number of AI PhDs on Staff: Focus on practical achievements and successful product deployments, not just academic credentials. 4. Hardware Inventory: Demonstrate how your technological capabilities drive user satisfaction and revenue growth, rather than just showcasing high-end hardware. 5. Fuzzy Revenue Projections: Provide clear, evidence-based revenue projections based on current performance and market conditions. 6. Overemphasis on Market Potential: Show a detailed go-to-market strategy and evidence of market demand, not just the size of the opportunity. By prioritizing metrics that reflect the true health and potential of your business, you'll not only build trust, but also make a compelling case for investment. Make sure to check out this Contxto article for more insights - https://lnkd.in/gXpf8qhM #mergersandacquisitions #venturecapital #innovation #startupbusiness #vc #techlaw #foleyforward #garage2global Foley & Lardner LLP
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Brian Alford
Startups raising a “bridge” round between equity rounds can use a standard SAFE or convertible note - simple, right? Not quite. If the next equity round is imminent, a no cap, no/very small discount SAFE works well. If the next round is further out, it gets complicated. SAFEs/notes were designed to be used before a priced equity round, so many of the terms don’t fit between equity rounds. This series on bridge rounds walks through the right changes to make to SAFEs/notes to reflect the right economics between equity rounds. Part 1 — The Valuation Cap The concept of a SAFE/note valuation cap is out of its element after a priced equity round. The cap allows the investor to convert at the lower of the valuation cap or the valuation of the next priced equity round. The SAFE investor doesn’t take any risk that the startup’s value may go down from the closing of the SAFE investment to the closing of the next priced equity round. The cap makes sense for early stage companies where the future is less certain, especially if the investors (friends and family, wealthy individuals, etc.) aren’t pros at valuing startups. Angel investors rely on the diligence, resources and experience of a later institutional investor to more appropriately determine the valuation in a priced equity round. Those later stage investors purchase equity with a fixed valuation, not a valuation cap, and take the risk that the valuation of the startup may go down in the future. This post explains what alternatives are available to align SAFE/note terms with the right economics for an investment after a priced equity round. Special thanks to Jeremy Raphael for his insights.
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Nir Golan
Contract software is broken. And it has been for a very long time. Martin Ertl our co-founder and CEO, pitched Recital yesterday at the Legal Innovators California and as always kept it real by focusing on the sh*t that really matters to in-house lawyers/legal teams when it comes to #contracts: "Where is my sh*t?" "Where are our historical contracts ?" "Where are all the versions of this deal I am negotiating? Do I have all the versions? "Where is the clause that I like to use and that I remember using in that other deal that I/my team did?" "What did we agree to in our contracts? what's in our contracts?" The problem is that to answer these daily existential questions legal teams face, today legal teams need to use complex contract software that takes months and months to implement and which they need to learn how to use, all before they even start using it and get any value. That's insane and that's stopping legal teams from doing their work and making small improvements to their contracting every day. Every legal team should be able to find their contracts and understand what's in their contracts. Every legal team should be able to negotiate faster and get quick wins when using contract software. Implementing and using contract software shouldn't be cost-preventive and complex like it is today. Contract software shouldn't be a privilege of the few. Contract software should be simple and usable and not constrained or off limits because of the high manual effort and the mind-numbing internal and financial resources required to implement it, use it, and get value from it. And let's not forget the endless *manual* uploading and downloading of files that you need to do daily to be able to work with today's traditional contract software. Who's working for whom? That's the problem we're solving. We make contract software accessible, affordable, usable, and valuable through simple user-centered design and smart use of AI. No implementation.Just connect and get started. Simple contract software for in-house legal teams that need to solve their most urgent problems today. Not in 6 or 8 months when you maybe managed to somehow implement the software. Today. You and your teams don't need to change how you work in order to use contract software.You can continue to use the tools that your and your organization use every day as everything we're building is built to work in and with your existing tools- email, Word,cloud storage and file management systems (MS, Google),and wherever else you have your contracts. Oh,And no more of the endless manual uploading that traditional contract software requires.You get started and we take care of the rest. You don't need the big bells and whistles to improve your contracting. You can start small, keep it simple, and get those small improvements we need to work better, faster, and enjoy what we do. #LegalInnovatorsConference #legaltech #contractnegotiations #contracts #legalops
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CAT CASEY
Add an amazing time in the #infoGovhotseat, talking all things AI and generative AI... as well as some exciting news speaking engagements I have just next week (International Legal Technology Association (ILTA) Evolve!) Thanks, as always to Jim Merrifield, IGP, CIGO for being the consummate host and for making this podcast a fun one to record! #infogov #ai #genai
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Arun Mittal
Just wrapped up an insightful few days at Legal Innovators California, focusing on AI/LLM in legaltech. Key takeaways: - AI is poised to disrupt the legal practice imminently. - Growing interest in automating routine tasks like SaaS contracts and NDAs. - Cyborg solutions, integrating humans for quality control, are being launched in legal services today - RAG is intriguing but not foolproof for precision in legal matters (very different from creating marketing copy for TikTok) I'm excited about the concept of autonomous agents negotiating contracts and streamlining core issues for human attention - a game-changer! Looking forward to more developments in this space! Lauren Bonner Jonathan Jetmundsen Juristat #LegalTech #AI #Innovation #LegalInnovatorsCalifornia
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Fernanda Hinojosa
Colorado has become the first state to enact comprehensive law governing the development and deployment of certain AI systems. The Colorado Artificial Intelligence Act (CAIA) focuses on "high-risk" AI systems and addresses their potential to cause “algorithmic discrimination.” One key aspect of this regulation is the emphasis on data transparency. Developers and deployers must now present detailed documentation disclosing: (1) the type of data used to train the AI system; (2) any known or reasonably foreseeable limitations of the system; (3)the purpose and intended benefits of the system. Moreover, companies are required to inform consumers of their right to opt out of personal data processing for profiling purposes. They must also disclose when consumers are interacting with AI, unless it is obvious to a reasonable person. Who's exempt from CAIA: 🤖 Deployers with fewer than 50 employees. 🤖Systems not trained with the deployer’s own data. 🤖Systems used strictly for their intended purpose, as specified by the developer. 🤖Deployers that make the developer’s impact assessment available to consumers.
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Brian Alford
Startups raising a “bridge” round between equity rounds can use a standard SAFE or convertible note - simple, right? Not quite. Part 2 - the Discount. This series walks through the right changes to make to SAFEs/notes to reflect the right economics between equity rounds. Part 2 — The Discount The discount on a SAFE/note is designed to ensure an early investor gets in at a lower valuation than a later investor. The SAFE/note converts at a valuation that is X% (usually 5–20%) lower than the valuation in the priced equity round. Very early investors often justify the discount due to lack of experience or time/resources to determine an appropriate cap. Or perhaps the company is so early that it is difficult to determine an appropriate valuation cap. Recently, most pre-seed rounds are SAFEs with either a discount or a valuation cap. However, some investors (usually convertible note investors) still push for discounts in addition to caps — the typical justification being that the round involves non-institutional investors and the company is so early that the valuation cap may be wildly off, so those early investors still want to ensure they are coming it a lower valuation than the later priced equity round. After a priced equity round, however, investors generally don’t have those justifications. This post explains what modifications should be made to SAFEs/notes with discounts after a priced equity round. Special thanks to Jeremy Raphael for his insights.
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