Show HN: OpenLegal.FYI – See what founders paid in startup legal fees

1 points by sakethk 2 years ago · 2 comments · 1 min read

Hey all,

Excited to launch OpenLegal.FYI today! We had this idea when we were hunting for a startup lawyer and found it difficult to figure out how much startup legal services (incorporation, fundraising, general contract work, etc.) are supposed to cost.

When we were searching for a lawyer: 1. We had to take thirty-minute consultation calls with every lawyer (seven of them!) 2. Each lawyer quoted various hourly rates with no explanation

We wanted more information to make our decision - but didn’t want to waste time. So we asked more friends and saw interesting insights (some traded equity instead of paying fees, some were able to defer fees until a Series A, etc.). We also saw interest in benchmarking for company dissolution.

So, we built OpenLegal to be a trusted website for founders to upload legal fees and create price transparency for working with lawyers.

Would love to hear your thoughts!

- Saketh, Swapneel, and Shreyank