From Frustration to Innovation: Building a Modern CLM for the AI Era

Matt Lhoumeau never expected to build a contract lifecycle management platform. After being kicked out of his home at 17 when he came out, he built and sold a gaming website, worked for French President Nicolas Sarkozy, and found himself tasked with renegotiating 500 vendor contracts at a major telecom company. That frustrating experience—hunting for contracts in file cabinets, building unwieldy spreadsheets, and missing critical deadlines—sparked the idea for Concord, the CLM that Matt founded and now heads.

Ten years after founding Concord, Matt challenges conventional wisdom about contract management. "I don't believe contract management is legal tech anymore," he explains, noting that 70% of Concord's customers have no legal team at all. Operations and finance departments handle contracts using templates and outsourced counsel when needed. This shift represents a fundamental change in how businesses approach agreements.

Matt reveals that simplicity has been Concord's secret sauce from day one. While competitors built complex systems requiring months-long implementations, Concord focused on creating something that "just works." Now, with the platform rebuilt from scratch to be AI-first, implementation time will shrink from months to days or even hours. Matt also notes that the integration of Model Context Protocol (MCP) represents what Matt calls "one of the most important technological changes in the next 10 years"—allowing AI systems like ChatGPT to communicate directly with Concord and other business applications.

For fellow founders, Matt offers hard-earned wisdom: trust your gut. "When you build a company, you seek advice from a lot of people... and everyone has an opinion," he reflects. "I tried to please too many gods instead of doing what I thought was right for me." Finding confidence in your vision, even when surrounded by different perspectives, ultimately leads to better decisions and more fulfilling entrepreneurship.

Ready to simplify contract management for your organization? Visit https://www.concord.app to discover how their AI-powered platform can transform your approach to agreements.