A View From the Board of Directors By an Investor in Legal Tech

I spoke with Steven Sinofsky, a board partner at the venture capital firm Andreessen Horowitz, where he serves as an advisor to various companies, including as a board member of the e-discovery software provider, Everlaw. We discussed why law-related software is so attractive right now, whether a VC firm calculates the valuation of an e-discovery company differently from a prospect in any other industry, how long it takes to evaluate a company for an investment, ways that a board member supports the strategy of a portfolio company, and what the appeal of legal technology says about where the market is headed.