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David Weisburd

๐Ÿ‘ค Speaker
3481 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

I think one of the maybe underappreciated aspects as companies get big, this is a Peter Thielism.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

When Google was small, they wanted to pretend like they were a huge company.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

When they were a huge company, they were worried about being seen as monopoly.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So they built all these different verticals, even though none of them actually contributed to their revenue.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So a lot of times when these companies turn into these trillion dollar behemoths, they want to have competition in certain verticals so that they can substantiate this competition.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

case to Department of Justice and that they're not truly a monopoly.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So there is the synergistic aspect there.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So I'm sure you get this question a hundred times a day, Harvey versus Legora.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Why is Legora a better company?

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

I've observed this in the very top, the top 1% of founders.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

They love competition.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

If there's no competition, they invent it.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Maybe you could distill why exactly competition is so good for a company.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

I never thought about it from the point of the customer.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

In a industry like legal, they may not want to adopt.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So if there's one CEO going around from Legora telling people about the future of legal tech, they may kind of put it to the side.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Now there's two.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Now you have to make a decision.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So it kind of forces this decision to make a decision on the company

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And then internally, I recently listened to an interview with an early Tesla engineer, and he was begging Elon, let's raise more money.