Notebook Lawyer
avc.xyzI'm a lawyer and I do not do this type of work. My spidey sense is tingling nevertheless, raising questions about UPL and whether this appears to reduce upfront costs in exchange for a time-bomb of (not so) invisible risk and far greater costs down the line. What happens when things go pear-shaped and the claim is lack of due diligence? "Oh, 'the chatbot must have missed that,' you say?" A single lawsuit from anywhere could easily cost multiple times what the firm quoted.
An ounce of prevention is worth a pound of cure.
Seems fine as long as the startup has a lawyer that makes sure the contracts are not too out of the ordinary. If they also just use AI, their blind spots will overlap with you blind spots and I wouldn't trust the process completely.
even before AI: when i raised from USV the second time, my lawyer and theirs had already negotiated paperwork with another company, so everyone decided to reuse it. it was MUCH cheaper…
Do you still get deals from angellist (your angel.co link now leads the HR Site)?
The angellist site itself seems to hide the startup/pitch side
How effective is AI at pulling out relatively niche data from a document? Like - tell me which of these contracts has an arbitration clause?