🔥 Excited to announce the launch of TheOnePoint — Sharp Takes.
A new, punchier podcast format that is shorter, sharper, and yet impactful.
And in the first episode, we talk about a touchy and overlooked topic – VC’s legal fees 💸Most startup founders don’t realize they’re paying for something they shouldn’t.
Yet… 99% of VCs still include it.
As Auren Hoffman (GP at Flex Capital) shared with me on the podcast, this isn’t just a small line item.
It can eat up 1–3% of a round and drag out closings by weeks.
👉 Imagine closing a $2M round and watching $50K evaporate straight into opposing counsel’s pocket.
It’s an outdated artifact in term sheets, which is:
🚫 Investor unfriendly (why should other investors subsidize one VC’s lawyer?)
🚫 LP unfriendly (hidden fees eroding returns)
But founders can push back. And some funds (like Flex Capital, etc.) are already proving it’s possible to run deals without burdening the founders.
🎧 We broke down why this clause exists, why it’s toxic for founders and LPs, and what a more founder-friendly future might look like.
And this is just the start — every episode of Sharp Takes will cut through the noise to surface the ideas, perspectives, and shifts that matter most to founders and investors.
Social Links:
Auren Hoffman: https://www.linkedin.com/in/auren/
Flex Capital: https://www.flexcapital.com/
Rohit Yadav: https://www.linkedin.com/in/rohityadav23/
The Big Book of VC: http://bigbook.vc/
