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Max Junestrand

๐Ÿ‘ค Speaker
624 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

Revenue-wise, you have more... It's the biggest country by revenue, yeah.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

In total... No, we have so much in the Nordics, actually, because we basically work with all the big firms.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

But it will be, I think, by the end of Q1, yeah.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And the cool thing, right, is that if you look at the AMLA 200, and by the way, like many of these clients that we're working with in the US, it's not the mom and pop shops, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

We work enterprise.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And so when we came to the US, we had a strategy, which was there's so many Nordic or European companies that have launched in the US and failed.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

Very close to home, Klarna tried to launch in the US like a couple of times before it really worked.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And so I had this heuristic, which was, if we can sign and serve two of the AMLA 200 law firms from Europe, we are ready to open in the US.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

So Cleary Gottlieb, White Shoe, Wall Street firm, Goodwin and Proctor, one of the best VC firms in the world.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And I think both are in the top 20 law firms in the US.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

We were able to work with both of them and give them confidence that we could support them better than anybody else.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

That gave me the confidence to go to the US and hire a team.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And the awesome thing about building a team in the US is it takes two weeks for people to leave.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

We can talk about some of the differences between US, Europe, but I think the termination period in the US versus in, let's say, Sweden,

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

is actually one of the structural benefits of having a big office in the US.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

Like everybody has three months.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

We've doubled in size every quarter.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

And the minute I know that I need somebody, if they wait a quarter, we're a different company, right?

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

It's wild.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: From Only OpenAI to Die-Hard Anthropic: The Downfall of OpenAI in Enterprise | Harvey vs Legora: Legal AI is a Winner Take All | $7M ARR in a Single Day and Raising $200M Across 3 Rounds with No Deck with Max Junestrand, CEO @ Legora

So you just need to, well, for one, I need to try and predict our headcount plan much more diligently in Europe than I do in the US because there it's like...