Legaltech entrepreneur
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People Anatomy™
A spotter’s guide to the men and women of finance.
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A former managing associate from Latham & Watkins who, tiring of proof-reading confidentiality agreements at 2:30 am, concluded there must be a better living to be made — this much is certainly true — by designing some software than can do that job instead. So, armed with some ropey javascript she commissioned from a “developer” from Bucharest she found on the dark web, she has embarked on a glorious new business career as an aspiring new Mark Zuckerberg.
This is a smart idea because: (a) it is very easy to impress a general counsel with any technology more sophisticated than a pop-up toaster — all you do is say, “it runs on blockchain” — (b) the potential revenue, if you can sell your WordPress installation to any significant participant in the financial services industry is out of all proportion to the value the software could possibly deliver, but this doesn’t matter as long as the RAG indicator on the GC’s management committee report is green and the general counsel thinks it runs on blockchain, since it will be the lawyers who will get blamed when it turns not to work very well; (c) all reg tech is just as ropey, being either (i) some hastily cobbled php that runs on top of Google Docs; or (i) some hastily cobbled-together javascript that runs on top of a generic TensorFlow neural network