6sp

Mike might have taken longer to get it than Jim but he eventually understood the existential threat they faced. He realized this at a time they could have possibly changed course but was unable to do so because the board did not have faith in such a drastic change. The plan to cannibalize device sales today vs promise of future software revenue did not sound so promising for the board, who I imagine were interested only quarterly profits and their stock price.

I’ve used WSGR countless times at startups and while they are great to deal with the fees are very cost prohibitive for a bootstrapped company. I think in the case of UpCounsel there’s significant pushback against this business model from big law firms as well as competition. They lost a lawsuit with another somewhat competing company called LegalForce I wonder if that influenced them shutting down.

I just discovered UpCounsel recently and it has been extremely helpful for keeping costs down at a startup. Very disappointed as I was looking forward to using for years to come. I especially like how fees were clearly displayed and lawyers were able to compete to get the job.