weekly startup spotlight

welcome to introspection ft. harsehaj! ⭐️ i’m harsehaj, a 19 y/o always up to something in social good x tech.

this publication is a place for me to reflect on productivity, health and tech, and drop unique opportunities in the space right to your inbox daily. if you’re new here, sign up to tune in!💌

scroll to the end for my daily roundup on unique opportunities!

onto today’s topic: clerky 👩‍⚖️ 

the legal side of things is often overlooked when young, starry-eyed founders are focused on scaling their new product and closing deals. ignoring these practices can later serve as huge pitfalls that can set companies miles back, if not ending them entirely.

i attended duke’s startup fest the other day, and one of the breakout sessions was about exactly that: the legal implications of running a startup. honestly, i completely forgot that was something i’d have to consider, so i learned a fair bit. 😁 funnily enough, i also just came across clerky, an online legal b2b service dedicated to assisting startup founders with crucial legal paperwork.

some of this important legal diligence includes incorporating, managing fundraising, hiring, and general maintenance with respect to regional legislation. clerky helps with all of this when founders don’t have enough bandwidth or funding to hire big-shot attorneys at large firms. they offer a pay-per-use model ($427) and a company lifetime package ($819), which are significantly cheaper than industry standard prices exceeding thousands of dollars.

let’s talk numbers! 🤓 

clerky operates in the legal tech market, which was valued at approximately $26.70 billion in 2023 and is expected to reach around $55 billion by 2029, demonstrating a cagr of 12.80% (source).

by 2024, clerky hit $2.7 million in revenue and is supported by y-combinator. with a team of 15, they’re hoping to 10x the 47% increase in revenue they experienced from 2023 → 2024 (source).

questions i’d be interested to ask:

• what is your sales strategy in closing clients considering the startup has been in operation for 10 years, yet growth has only picked up in the last 3?

• what has been your biggest challenge for growth?

daily opportunity + resource drops 🔍️