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Legaltech startup conference: Difference between revisions
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}}{{quote|“We ''love'' automation. We love automating [[complex]] things. Our app can handle anything with its structured questions: it can add new clauses, new schedules. The complexity is mind-bending.” — [[Cass Mälstrom]], [[CEO]] of [[Lexrifyly]], live on ''Legaltech Entrepreneurs Say the Funniest Things!{{tm}}''}} | }}{{quote|“We ''love'' automation. We love automating [[complex]] things. Our app can handle anything with its structured questions: it can add new clauses, new schedules. The complexity is mind-bending.” — [[Cass Mälstrom]], [[CEO]] of [[Lexrifyly]], live on ''Legaltech Entrepreneurs Say the Funniest Things!{{tm}}''}} | ||
{{quote|{{d| | {{quote|{{d|{{PAGENAME}}|/ˈliːgəltɛk ˈstɑːtʌp ˈkɒnfərəns/|n}} An opportunity for [[Reg tech entrepreneur|fantasists]] to meet the [[General counsel|credulous]] to flog them [[Legal tech landscape|stuff they don’t need]] out of [[When budget allows|budgets they don’t have]]. }} | ||
At the bottom of this page is an interesting task for the [[neural network]] to parse: the ''two hundred and seventy odd [[vendor]]s listed in the Legal Geek 2021 “Startup Map”<ref>I am not making this up: https://www.legalgeek.co/startup-map/. There could be more: the bamboozling way it is set out made it hard to be sure I had go them all. I have not had the heart, or spleen, to repeat the exercise for 2022 but perhaps I should.</ref> | At the bottom of this page is an interesting task for the [[neural network]] to parse: the ''two hundred and seventy odd [[vendor]]s listed in the Legal Geek 2021 “Startup Map”<ref>I am not making this up: https://www.legalgeek.co/startup-map/. There could be more: the bamboozling way it is set out made it hard to be sure I had go them all. I have not had the heart, or spleen, to repeat the exercise for 2022 but perhaps I should.</ref> | ||
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And there can be no doubt that the amount the average multinational is prepared to spend in the pursuit, defence and analysis of its legal rights and obligations is, as far as makes any difference to a [[legaltechbro]], infinite, but the ''categories of problem'' it encounters when doing that, that [[legaltech]] can profitably solve, are not. | And there can be no doubt that the amount the average multinational is prepared to spend in the pursuit, defence and analysis of its legal rights and obligations is, as far as makes any difference to a [[legaltechbro]], infinite, but the ''categories of problem'' it encounters when doing that, that [[legaltech]] can profitably solve, are not. | ||
A tiny fraction of an enormous number is still, for a couple of guys in a WeWork office in Shoreditch with laptop, a SquareSpace account and a Bulgarian coder they found on UpWork, a very big number. That is the [[legaltech]] promise. | A tiny fraction of an enormous number is still, for a couple of guys in a WeWork office in Shoreditch with laptop, a SquareSpace account and a [[Bulgarian freelance coder|Bulgarian coder they found on ''UpWork'']], a very big number. That is the [[legaltech]] promise. | ||
But, and even leaving aside the [[JC]]’s usual perorations about scale and [[rent-extraction threshold]]s — plainly these are to be ignored — the very length of this list ought to prompt some questions. Two hundred and seventy seven startups. There weren’t that many in the dotcom boom.<ref>Hyperbole, I am sure. You needn’t write in.</ref> | But, and even leaving aside the [[JC]]’s usual perorations about scale and [[rent-extraction threshold]]s — plainly these are to be ignored — the very length of this list ought to prompt some questions. Two hundred and seventy seven startups. There weren’t that many in the dotcom boom.<ref>Hyperbole, I am sure. You needn’t write in.</ref> | ||
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===These solutions cannot all be different=== | ===These solutions cannot all be different=== | ||
Many of these startups have had, more or less, the same idea. Most have a variation on one of about five ideas. Each of these ideas is, in the abstract, a sound idea. But it is not enough for your idea to be sound, if a lot of other people have had the same idea. And if, for every [[Legal tech entrepreneur|tech entrepreneur]] who has had a bright idea, there are others who have ''also'' had that idea, but just not acted upon it — possibly on the pretext that, while it is a good idea, it is also an obvious one, people all over the world have been having it for years, and it would be hard to monetise — | Many of these startups have had, more or less, the same idea. Most have a variation on one of about five ideas. Each of these ideas is, in the abstract, a sound idea. But it is not enough for your idea to be sound, if a lot of other people have had the same idea. And if, for every [[Legal tech entrepreneur|tech entrepreneur]] who has had a bright idea, there are others who have ''also'' had that idea, but just not acted upon it — possibly on the pretext that, while it is a good idea, it is also an obvious one, people all over the world have been having it for years, and it would be hard to monetise — | ||
== | ===Legaltech roll of honour=== | ||
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{{legaltech roll of honour}} | |||
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{{ref}} | {{ref}} | ||
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