Legora Reaches Two Billion Dollar Valuation in Two Years

The story of Legora is absolutely nuts. A couple of kids from Sweden decide to upend the AI legal market. Raise $50K in angel funding and the journey begins. @ycombinator beckons and with the advice of @gustaf they raise a stellar “seed” round from @chetanp @benchmark In a matter of weeks, they raise a Series A from @loganbartlett @redpoint Then, the first board meeting comes and they tell their VCs, one thing, we will not be selling anything for the next 6 months. NOTHING. Today, less than two years later: $2BN valuation $200M+ raised from top VCs $50M+ ARR (latest reported) 300 employees in US and Europe The best shows are art (storytelling) and science (frameworks). This has both off the charts. Spotify https://open.spotify.com/episode/0I1UkHoLdcPX6PmrM7eaXG… Youtube https://youtu.be/ZjwrXqjr59A Apple Podcasts https://podcasts.apple.com/us/podcast/20vc-from-only-openai-to-die-hard-anthropic-the/id958230465?i=1000746657670… My 6 takeaways with @MaxJunestrand Timestamps: 00:00 Intro 02:56 Why Does Everyone Think Harvey When They Hear Legal AI? 08:31 Why OpenAI is Toast? Switching to Anthropic! 14:57 24 Months: Which Foundation Models Will Win? 22:19 Lessons Scaling from Europe into the US 29:43 Why Seat Models Are Not Dead in SaaS? 34:04 How to Use Competition To Drive a Fire in Your Team? 40:26 Is Legal AI a Winner-Take-All Market? How Does It End? 52:41 The Future of Law Firms: Do Juniors Get Fired? 59:55 How We Raised $200M and 3 Rounds with No Deck 01:01:33 Quick-Fire Round: Best Advice, Closest Mentor, Biggest Mindset Shift