Everything Logan Brown said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Brown: AI will lead to more lawyers than ever before
“I think that there will be more lawyers than ever before.”
Brown: Traditional high-rate law firms will shrink or shutter within a decade
“I think there's no way the legal industry looks the same as it does in five and 10 years. I think that some law firms will be skeletons of what they were. I think that some law firms that do things that ultimately doesn't make sense for humans to be doing at a…”
Brown: AI tools compress 15 weeks of development into one week
“We have an engineering team, and they are able to, like, really utilize the tools to have 15 weeks worth of old development ways of updates in a week”
Brown: AI commoditizes product quality, making distribution the core challenge
“I think that that's why being a founder in the AI world is so hard is because the product has to be there because everybody can get the product to where it should be. But then breaking through the noise of everybody having this type of product is challenging.”
Brown: AI-driven court filings will create a global shortage of litigators
“I think that we will have a we will not have enough litigators in this world to be able to manage what happens to our court systems.”
Brown: The legal profession intentionally obscures concepts that are simple English
“And part of that profession is built on intentionally creating confusing, obscuring what things actually mean. Whenever you boil down what's happening within most contracts and most of the law, it's just English. Like you can get to a point where it's pretty s…”
Brown: Soxton adopts Netflix talent model giving average performers severance
“We subscribe to the Netflix model where it's like a, if you have a average gets you a generous severance policy. And that's true.”
Brown: Investors expect founders to negotiate first-pass side letters
“Investors at first pass will include as many possible rights and privileges for the investment firm as possible. And it is expected and very common that a founder will negotiate those and make sure that the company is in the best spot to go forward”
Brown: Soxton never drafts contracts from scratch using AI
“The main thing is that we are large, we never use AI to draft a contract from scratch. We have our own template database.”
Brown: Soxton operates as an insured law firm, not software vendor
“It's, we are a law firm, and so we're delivering outcomes as a service, and so we don't sell to other lawyers, we exclusively sell to startups, and so in small businesses, we engage startups, we are, we represent you as a lawyer, we have malpractice insurance,…”
Brown: Soxton delivers attorney-reviewed contracts in 24 hours for $100
“And within 24 hours and a hundred dollars, you will get a attorney reviewed contract back to you.”
Brown: Raised $2.5M pre-seed for Soxton after receiving same-day term sheet
“I raised two and a half million at pre-seed. I was lucky enough to like, I quit my job and had a term sheet really fast, like same day. And so I raised the seed or pre-seed round very quickly. And that's what we've been operating out of. And then we are gettin…”
Brown: Soxton has around 500 early-stage startup customers
“In my current practice now, we have about 500 customers of Soxton that are all early stage startups”
Brown: Soxton reviews term sheets and side letters for free
“We actually do term sheets and side letters for free because I was also recognizing that this was an issue.”
Brown: Soxton deploys 17 quality control agents to detect legal errors
“We have a number of agents, like we have 17 different quality control agents that are able to detect specific issues that are regularly reoccurring.”
Brown: Half of Soxton's clients are funded Series A or B companies
“Half of our customers, Have raised, and they have like, series A, series B companies, and they have, like, a Cooley that they've engaged, and they use us in conjunction with them, but half of our customers have never raised before a first-time founder.”