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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

And I was showing up and I said, we're not going to sell.

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

Yeah, but you couldn't know that you didn't need the money.

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 if I remember correctly, one of our competitors did another round quite quickly after.

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 I think it was good to solidify that there's interest in Legora stock.

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 now I just get like, you know, at this point, I'm just archiving emails because I'm getting too much inbound.

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

Which is why I send WhatsApps.

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 back then, that's a good thing.

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

Back then, they were, you know, I turned around and said, hey, we're not going to sell.

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 need to get to the point because we only have one shot.

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 only have one shot with these lawyers because they are very impatient.

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

If it doesn't work, they're not going to come back.

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 that's why activation and getting that like the time to value is so important in the product.

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 to go back, we took six months, calculated the time and said, we're not going to sell.

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 have to solve our infrastructure, our reliability, the scalability of the product, and we need to rebuild and refactor a lot of it because it has just been quickly put together.

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 what we told all the clients were, we were lucky it was summer because we could say, oh, it's summer in Europe, so we're not working.

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 we're going to wait to onboard you after summer.

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 there's so much demand that we're going to have to do it in October because September is like completely full.

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't onboard more clients.

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 October 1st, 2024, we were ready to onboard a thousand lawyers a day comfortably on the product.

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 we got to that point and then we started to rip.