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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

You throw AI into the mix and it will make it even more competitive.

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 in engineering, let's just take another example.

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're hiring more engineers, although they're writing more code, 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

Because there's more stuff to do.

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 the thing for the law firms is they need to increase the size of the pie.

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 think so, actually, because I think you can just do more stuff.

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

You'll have more people writing code and doing things or starting new things and projects and things in two years than you have today.

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 think it's within that timeframe that AI gets pretty good at completing end-to-end tasks very deterministically within our vertical.

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 unless they can find something else to do than that thing within the firm or growing the pie, then 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

But here's the cool thing, 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

If you use technology to complete more of the work, then you need to think about how you win more work from the other 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 yeah, I mean, on a total, like, but I'm talking for an individual farm.

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 you're talking on the total level, yeah, probably.

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

No, that's not something that I worry about.

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, 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

Fucking 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

Adrian, who is our VP of products, his YC company did AI timekeeping.

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

Are billable hours over?

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

No, I don't think it is.

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 think billing will move much slower than both you and I would think because often it's actually demanded by the clients because they want to get a breakdown of everything that the lawyers actually do.