Part 1: The awesome leverage of a Fractional General Counsel
The idea that “because startups don’t have a lot of legal needs, they don’t need a GC” is backwards.
Seed and Series A founders are navigating, without inhouse counsel, a tension between sending everything to an expensive firm vs. executing on important early decisions on IP, finance & equity, internally on their own.
Do the GC, just do it fractional, or part time. They will (1) enable your team to appropriately self-service, (2) fulfill 80% of your remaining needs themselves, and, (3) identify special matters, using their industry experience and connections to source and/or manage the perfect solution for everything else.
Makes sense, right? Still you might ask--how’s that different than working with BigLaw? Three answers: