Ashish Walia, co-founder of LawTrades, discusses how his startup got accepted into the 500 Startups accelerator program and offers advice for prospective applicants.
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“So I would really say for anyone that wants to get in I, you know, focus on, Just getting some early validation and show that there is some opportunity with your business, and then also try to just get connected with people within the network because if they vouch for you, I think 500 is invested in over like a thousand companies.”
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More from Ashish Walia
Insight
Free online startup resources are more valuable than a $100,000 MBA
“It's better to learn from these resources than it is to just go out and pay, you know, a hundred grand for an MBA.”
Ashish WaliaOct 30, 2015▶ 9:4220 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
AssertionPartly supported
High-level corporate law firms charge $600 an hour for routine work
“You're stuck paying almost 600 dollars an hour for some high level law firm for routine legal work”
Ashish WaliaOct 30, 2015▶ 2:3020 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Insight
Everyone inside a traditional law firm wants to leave
“When you Join a law firm. It's something that everyone on the outside wants to get into it, but everyone on the inside of that law firm wants to leave.”
Ashish WaliaOct 30, 2015▶ 4:1620 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Opinion
Law school inherently fails to teach students how to be entrepreneurial
“Inherently, law school does not teach you to be entrepreneurial at all.”
Ashish WaliaOct 30, 2015▶ 11:0320 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
Opinion
Y Combinator seeks product engineers while 500 Startups prefers community hustlers
“I think it seems like YC tends to have more product focused engineers, you know, that they're looking for, and 500, you know, there's an interesting thing that I'd love for you to link up to, is there's a core question where Dave McClure really writes about th…”
Ashish WaliaOct 30, 2015▶ 16:4820 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
PredictionNot checkable as stated
LawTrades aims to become the world's largest virtual law firm
“The biggest thing that I hope to accomplish with this is to sort of be the biggest virtual law firm that decentralizes the existing model and creates the most affordable scalable and efficient solution for people that are looking to handle their legal work.”
Ashish WaliaOct 30, 2015▶ 22:0020 VC FF 019: 500 Startups Week: Life As A 500 Startups Portfolio Company with Ashish Walia, Co-Founder @ LawTrades
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