Heller: 30% to 40% of Casetext Employees, Including Coders, Were Lawyers
“It was helpful for us that, that I was a lawyer, my co-founders were lawyers, 30 to 40% of my company, even the coders were lawyers, because we actually lived it.”
Heller: No single AI company will win entire knowledge work markets
“First of all, for some of these spaces, the market is so big because we're talking about like how much, how many trillions of dollars are being currently spent on like marketing professionals or support professionals or whatever. There's not going to be a sing…”
Heller: Roles companies already outsource abroad are ideal targets for AI automation
“What are the kinds of roles that people are currently outsourcing, say, to another country? Right? If it's something that they're willing to do that for, then that's probably a pretty good target for what AI could take over.”
Heller: Targeting legal tech pre-LLMs was a mistake due to low software spend
“I actually feel like in some ways for us in the early days focusing on legal, Made sense for us because I knew legal, but also it's kind of a mistake because at the time the legal software industry Pre-LLMs is actually pretty small because it was like a fracti…”
Heller: AI competition will drive legal service costs to pennies on the dollar
“I think at first you can start charging when the human's charging and then you'll have competitors and they'll come in and they'll charge a little bit less. And then other competitors will come and they'll charge a little bit less. And it's kind of beautiful, …”
Heller: AI defensibility comes from the brutal complexity of building it
“Just build it, and as soon as you build it, you'll see how fucking hard it was to build it, how many little pieces you have to build, how many data integrations, how many checks, how fine-tuned the prompts need to be, how you have to pick your models super wel…”
Tan: Reliable LLM output requires decomposing tasks into small contextual steps
“At that moment if you chopped it down to a bite-sized chunk, like you gave it some amount of context, That a human being, given the same context and the same prompt, would answer in a certain way. He found that he could, ah, you know, given inputs and outputs,…”
Tan: Casetext founder Jake Heller pioneered early prompt engineering workflows
“I think of Jake a little bit like the first man on the moon.”
Tan: Casetext founder Jake Heller first commercialized GPT-4 in legal
“Garry Tan: He was one of the first people to get access to GPT-IV, and we think of him at YC as the first man on the moon, and that he was the first to successfully commercialize GPT-IV in the legal space.”
Heller: Casetext poised to triple annual revenue after CoCounsel launch
“I mean, we were almost certainly going to triple our revenue in the course of this year, and that's after 10 years of building the revenue we had before, right?”