Zach Posner is a co-founder and managing partner of The Legal Tech Fund, an investment fund which focuses exclusively on early stage legal tech start ups. He is an accomplished entrepreneur himself, having started and sold three companies in a variety of industries. In a wide ranging and fascinating conversation, we covered many aspects of the legal tech investment world, including: * What is unique about the legal tech market, and why he and The Legal Tech Fund focus on it * What makes a good start up, both in general and in the legal industry specifically * How to validate a new business idea * Why timing is of critical importance, and what to do about it * What "pre-seed", "seed", "series A" and other investment jargon means * What funding cycles are and how they work * The role of an investor in the day-to-day operations and management of a business * What sort of exit investors look for and why the exit profile in legal tech is different to other markets LINKS Zach Posner on Linkedin: https://www.linkedin.com/in/zachposner The Legal Tech Fund: https://www.legaltech.com/ TLTF Summit: http://tltfsummit.com/ Nate's news: https://www.legaltech.com/natesnews