Founder's Stop Reimbursing Your VC's Legal Fees

🔥 Excited to announce the launch of TheOnePoint — Sharp Takes.

A new, punchier podcast format that is shorter, sharper, and yet impactful.

And in the first episode, we talk about a touchy and overlooked topic – VC’s legal fees 💸Most startup founders don’t realize they’re paying for something they shouldn’t.

Yet… 99% of VCs still include it.

As Auren Hoffman (GP at Flex Capital) shared with me on the podcast, this isn’t just a small line item.

It can eat up 1–3% of a round and drag out closings by weeks.

👉 Imagine closing a $2M round and watching $50K evaporate straight into opposing counsel’s pocket.

It’s an outdated artifact in term sheets, which is:

🚫 Investor unfriendly (why should other investors subsidize one VC’s lawyer?)

🚫 LP unfriendly (hidden fees eroding returns)

But founders can push back. And some funds (like Flex Capital, etc.) are already proving it’s possible to run deals without burdening the founders.

🎧 We broke down why this clause exists, why it’s toxic for founders and LPs, and what a more founder-friendly future might look like.

And this is just the start — every episode of Sharp Takes will cut through the noise to surface the ideas, perspectives, and shifts that matter most to founders and investors.

Social Links:

Auren Hoffman: https://www.linkedin.com/in/auren/

Flex Capital: https://www.flexcapital.com/

Rohit Yadav: https://www.linkedin.com/in/rohityadav23/

The Big Book of VC: http://bigbook.vc/