In this episode of Lawyers Who Learn, host David Schnurman sits down with Zach Posner, Managing Partner at The Legal Tech Fund, for an insightful conversation about building relationships and fostering innovation in the legal technology space. Posner shares his journey from edtech entrepreneur to legal tech investor, offering a unique perspective as the first non-attorney guest on the show.
The conversation delves deep into how Posner and his team manage 15-20 daily conversations with industry stakeholders, building a vast network that has led to investments in over 60 companies. He discusses the creation of The Legal Tech Fund Summit, a distinctive conference that brings together CEOs, investors, and innovators in the legal tech space without the typical commercial pressures of sponsorships and vendor booths.
Posner offers candid insights about the challenges and opportunities in early-stage investing, including the lengthy feedback cycles and the transformative potential of AI and regulatory changes in the legal industry. Throughout the discussion, he emphasizes the importance of relationship-building and knowledge-sharing in accelerating industry growth, exemplified by his team's commitment to publishing their investment theses and market research openly through legaltechfund.com.
This conversation provides valuable lessons for both legal professionals and entrepreneurs about the power of continuous learning, authentic relationship building, and the future of legal technology.
