"To be clear, the term requiring startups to pay for investor counsel fees is unjust. This is because startups are forced to pay the legal fees of the counsel negotiating against them. "
I wonder if YC would start pushing investors to stop this practice
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With more digging, I found a good breakdown on this - https://westaway.com/faq/who-pays-the-legal-fees-in-a-startu...
"To be clear, the term requiring startups to pay for investor counsel fees is unjust. This is because startups are forced to pay the legal fees of the counsel negotiating against them. "
I wonder if YC would start pushing investors to stop this practice
More https://www.reddit.com/r/venturecapital/comments/ztsoso/i_kn...