In the quick-paced world of startups, legal errors can have a high cost. Acquisitions or funding may be delayed or even derailed by a missed IRS election or a defective stock issuance. This explains why so many high-growth startups start with Clerky, an online legal service designed specifically for these kinds of businesses.
Founded by Chris Field and Darby Wong, two former startup lawyers, Clerky, without much limelight, has emerged as Silicon Valley’s most aspirational founders’ go-to online legal service. Currently valued at USD 500 billion, Clerky startups have raised more than USD 100 billion in venture capital. They include some of the most well-known tech companies, such as DoorDash, Instacart, and Coinbase.
Wong and Field observed a recurring issue while practicing startup law at the Orrick law firm: many clients attempted to cut costs by using subpar online services or managing legal paperwork independently. Frequently, this led to legal problems that needed costly fixes. To solve this, they established Clerky to assist new businesses in completing legal documentation accurately from the outset.
Clerky is unique among online legal services because it only focuses on high-growth startups. While the majority of online services address the general needs of small businesses, Clerky customises its products to meet the particular legal needs of new businesses. Because of this specialisation, documents are prepared with the accuracy and diligence required to pass investor scrutiny.
Founders can easily incorporate their startups, issue stock, and handle other legal matters thanks to Clerky’s platform, which streamlines complicated legal procedures. Because of the service’s intuitive design, founders can accomplish legal tasks without requiring in-depth legal knowledge. This method lowers the possibility of expensive mistakes while also saving time.
The company has gained the trust of leading startup law firms due to its dedication to accuracy and quality. Many attorneys advise their clients to use Clerky because they are certain that it offers a dependable and effective means of handling initial legal requirements.
In the future, Clerky will continue to develop new ideas and expand its offerings to meet the evolving demands of startups. Clerky is positioned to continue being a useful tool for business owners negotiating the intricacies of startup formation and expansion by concentrating on the unique legal issues that high-growth companies face.
For startup founders looking to handle their legal documentation accurately and efficiently, Clerky stands out as a reliable partner. Clerky’s specialised focus, user-friendly platform, and dedication to quality are making it easier to manage the legal aspects of starting a business, freeing up founders to concentrate on what they do best—expand their companies.