Hard Lessons: Pay Your Lawyers, Align Incentives & Why a $90M Exit Paid the Founder Only $2M | FOC

Send us Fan Mail The most candid segment of the panel. A private investment banker says the most expensive mistake he made was not paying for expert legal counsel — and explains why a cheap lawyer costs more on the back end than a good one does upfront. A family office CFO cites his first private investment loss to make a principle: founders must have skin in the game and LP capital must come back first, always — the Richest Man in Babylon principle applied to modern private investing. A seri...