Thursday, September 10, 2009
We're Switching Teams - WSGR
Two years ago I met with WSGR to discuss legal representation for our startup. I met with one of their parnters, Mark Rienstra, who I got along with really well. After much deliberation, we decided that their deferred payment terms were too high. So we went with Fenwick & West at the time. Unfortunately our partner at Fenwick left for Reed Smith and we got lost in the shuffle. As we approach funding now - I want all of our ducks in a row - and they're not quite there yet. We determined we needed more support and therefore re-engaged several law firms to discuss working together. I reconnected with Mark and sat down for a meeting.
Their terms for the deal were more fair this time around and since we had a relationship already, it made working together much easier. So a few weeks ago, we signed a deal.