Paul Lee is the CEO & Co-Founder of Patlytics.

Patlytics is a state-of-the-art patent intelligence platform powered by a generative AI engine. Their cutting-edge LLMs and advanced techniques are bespoke to intellectual property and drive 80% more efficiency for IP workflows including patent generation, claim charts, infringement detection, classification and more.

Patlytics recently announced $4.5M in seed funding led by Gradient, Google's AI-focused venture fund, with participation from 8VC, Joe Montana’s Liquid 2 Ventures, Tribe Capital, Vermilion Ventures, Gaingels, Alumni Ventures, Position Ventures and several undisclosed angel investors including select partners from premier law firms and Datadog President Amit Agarwal.

Takeaways

• Starting his career working at Peter Thiel's Mithril with Alex Kolicich (previous guest), Joe Lonsdale and JD Vance
• His founder experience and working at Google
• Working in VC at Global Founders Capital and Tribe Capital
• Starting Patlytics and why AI is transforming the legal tech landscape
• How Paul raised $4.5M without a deck
• Customer discovery process and building an understanding of a new market
• Understanding IP and patents
• AI's role in enhancing product value
• Co-Founder relationships

Chapters

00:00 Paul Lee's Journey: From Silicon Valley to Founding Patlytics

09:54 The Shift in Legal Tech: Embracing AI and Innovation

14:54 Understanding Intellectual Property: Challenges and Opportunities

20:00 Building Trust: Assembling a Founding Team

25:01 Raising Capital: Focus on Business Over Decks

30:02 Customer Discovery: Learning from Conversations

35:09 AI's Role in Enhancing Product Value

39:45 Navigating Challenges: Reflections from a Venture-Backed Founder

Keywords

Paul Lee, Patlytics, venture capital, legal tech, AI, intellectual property, startup journey, customer discovery, founding team, fundraising