Product details

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Case
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Reference no. E792
Subject category: Entrepreneurship
Published by: Stanford Business School
Originally published in: 2022
Version: 13 April 2022
Revision date: 18-Jul-2022
Length: 13 pages
Data source: Field research

Abstract

Lex Machina, a legal analytics start-up, needed cash to drive its continued growth trajectory, and had an appealing Series B term sheet in hand. Founded initially as a joint public interest project between SLS and Stanford's computer science department, Lex Machina had spun off to create a language processing software and machine learning platform to glean insights from legal documents, to support decision making at each stage of the litigation process. Similar to other start-ups, Lex Machina's investors held preferred stock, its founders held common shares, and employees received options granting them the right to buy common shares.

Time period

The events covered by this case took place in 2022.

Geographical setting

Region:
Americas
Country:
United States

About

Abstract

Lex Machina, a legal analytics start-up, needed cash to drive its continued growth trajectory, and had an appealing Series B term sheet in hand. Founded initially as a joint public interest project between SLS and Stanford's computer science department, Lex Machina had spun off to create a language processing software and machine learning platform to glean insights from legal documents, to support decision making at each stage of the litigation process. Similar to other start-ups, Lex Machina's investors held preferred stock, its founders held common shares, and employees received options granting them the right to buy common shares.

Settings

Time period

The events covered by this case took place in 2022.

Geographical setting

Region:
Americas
Country:
United States

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