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Oh, don't get me wrong - I /love/ our counsel. He has saved us, fought for us, taught us and walked us through negotiating with investors, customers, partners, etc.

I'm incredibly glad we have him on our side, and I would recommend him to anyone - startup or otherwise.

I just wish, sometimes, that he weren't $500/hr. :)

Re: the lawsuit, for this type of contract you're right that it's pretty safe to say there isn't much to be negligent about, especially as they're a reputable firm. The fact that YC's docs were almost word-for-word our docs makes me much more comfortable too. Granted, we had it 3.5 years ago, and YC's docs came out today, so not like we had any other choice. :)



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