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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

More and more of these tasks are being bundled into the platform.

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're seeing is that a bigger and bigger part of a lawyer's day is being spent on Agora, which is amazing.

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's my favorite data point.

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 that the number one metric you use in terms of product metric?

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

Yes.

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

Time spent on the platform and number of messages slash number of queries slash number of actions taken I think is the best sort of KPI.

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

When you think about that, why is that?

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

I don't necessarily think that's the case anymore.

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 reason I say that is, I just saw this report.

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

I was on Bloomberg a couple of weeks 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 they had a big infographic that said that

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

The most deployed generative AI tool in the top 200 law firms in the UK outside of Microsoft Co-Pilot is Legorra.

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

Number two was Harvey.

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 are moving and the category is moving at such a rapid pace that it doesn't really matter who was first.

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 matters who's best.

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 it matters who the clients actually are coming back to and want to do more work with.

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 what often happens is the firms will throw many vendors into a bake-off because they're in this kind of luxury position.

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

I mean, basically, they're playing VC.

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

They get to bring in all these different vendors and they say, we're going to do a bake-off.

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 in the bake-off, it's up to the vendor to display why you are their partner of choice.