The Startup Bet Lawyers Keep Misunderstanding - Above the Law
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The Startup Bet Lawyers Keep Misunderstanding - Above the Law
"Rina said something that should be printed on every startup job description for lawyers: 'I really am an investor going into this startup. I am investing my time and my career. It is human capital, but it is just as important, if not more so, than being a VC investor and throwing in money.'"
"During the pandemic, Rina read 'Thinking in Bets' by Annie Duke and began to see career choices the way poker players see decisions made under pressure. You never have perfect information. Outcomes rarely track effort. Luck and timing shape more than we want to admit."
"The problem is that lawyers are trained to avoid uncertainty. We are rewarded for spotting risks, issuing careful warnings, and forecasting every scenario. In startups, that mindset is felt as a delay."
Lawyers often struggle in startup environments due to their training in risk aversion. Rina Wang, an experienced in-house counsel, emphasizes the importance of viewing career choices as investments. Unlike venture capitalists who diversify their bets, lawyers typically place one significant bet on a job. This singular focus can lead to greater emotional and professional stakes. Rina's insights, influenced by her reading of 'Thinking in Bets,' highlight the necessity of making decisions amidst uncertainty, a common aspect of startup life that contrasts sharply with traditional legal training.
Read at Above the Law
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