When you combine the two articles it’s interesting to think about how exactly because lawyers are more risk averse and less apt to become successful entrepreneurs themselves, they are exactly what entrepreneurs need in order to flourish:
When you combine the two articles it’s interesting to think about how exactly because lawyers are more risk averse and less apt to become successful entrepreneurs themselves, they are exactly what entrepreneurs need in order to flourish:
So lawyers obviously fill a need that entrepreneurs have at a fundamental level: start-ups will almost always create IP needs, and liability in any form is always a possibility. After reading the Sarasvathy article, it seems that liability could be that much more likely given entrepreneurs’ tendency to jump right into execution (effectual reasoning) with minimal planning (that a causal planner might prefer).
This is one reason why “lawyers are dealbreakers” is at top of list of reasons entrepreneurs hate lawyers–because their caution with regard to liability acts adversely to the kind of spontaneity in which entrepreneurs live and breath.