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08-25-2016, 12:29 AM
This startup wants to help small businesses survive expensive lawsuits by funding them
http://i.amz.mshcdn.com/RgxCGwvZ5AAYeWFo0H7XXiONNaY=/575x323/https%3A%2F%2Fblueprint-api-production.s3.amazonaws.com%2Fuploads%2Fcard%2Fima ge%2F189488%2FThiel_22.jpghttp://a.amz.mshcdn.com/assets/feed-tw-f7c0a094d16b7ee7c91a1e50839a8e00.jpg (http://twitter.com/share?via=Mashable&text=This+startup+wants+to+help+small+businesses+s urvive+expensive+lawsuits+by+funding+them&url=http%3A%2F%2Fmashable.com%2F2016%2F08%2F24%2Fl egalist-startup-lawsuit%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial)http://a.amz.mshcdn.com/assets/feed-fb-c0a21e8841794479b8086c32c6f24ba1.jpg (http://www.facebook.com/sharer.php?u=http%3A%2F%2Fmashable.com%2F2016%2F08 %2F24%2Flegalist-startup-lawsuit%2F%3Futm_campaign%3DMash-Prod-RSS-Feedburner-All-Partial%26utm_cid%3DMash-Prod-RSS-Feedburner-All-Partial&src=sp)
**t every person or business can brush aside a multimillion dollar lawsuit — but for those that can afford to fight, a winning case can mean a profitable outcome.*
That's what Legalist, a startup in Y Combinator's Summer 2016 class, is banking on by offering funding to companies in litigation battles. For example, the startup has invested $75,000 for one lawsuit and said it expects to receive $1 million in the outcome.*
"It's a niche field that you don't really think about," cofounder Eva Shang said during its the accelerator's Demo Day on Tuesday, according to Business Insider (http://www.businessinsider.com/legalist-will-fund-your-lawsuit-if-it-thinks-you-have-a-good-shot-at-winning-2016-8).*
However, litigation funding did receive mainstream media attention this year after a Forbes report (http://www.forbes.com/sites/ryanmac/2016/05/24/this-silicon-valley-billionaire-has-been-secretly-funding-hulk-hogans-lawsuits-against-gawker/) revealed Silicon Valley tech investor Peter Thiel had been backing Hulk Hogan's lawsuit against Gawker Media.* Read more... (http://mashable.com/2016/08/24/legalist-startup-lawsuit/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Thiel Fellow (http://mashable.com/category/thiel-fellow/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Peter Thiel (http://mashable.com/category/peter-thiel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Legalist (http://mashable.com/category/legalist/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Y Combinator (http://mashable.com/category/y-combinator/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/7wRu6EH31a4
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**t every person or business can brush aside a multimillion dollar lawsuit — but for those that can afford to fight, a winning case can mean a profitable outcome.*
That's what Legalist, a startup in Y Combinator's Summer 2016 class, is banking on by offering funding to companies in litigation battles. For example, the startup has invested $75,000 for one lawsuit and said it expects to receive $1 million in the outcome.*
"It's a niche field that you don't really think about," cofounder Eva Shang said during its the accelerator's Demo Day on Tuesday, according to Business Insider (http://www.businessinsider.com/legalist-will-fund-your-lawsuit-if-it-thinks-you-have-a-good-shot-at-winning-2016-8).*
However, litigation funding did receive mainstream media attention this year after a Forbes report (http://www.forbes.com/sites/ryanmac/2016/05/24/this-silicon-valley-billionaire-has-been-secretly-funding-hulk-hogans-lawsuits-against-gawker/) revealed Silicon Valley tech investor Peter Thiel had been backing Hulk Hogan's lawsuit against Gawker Media.* Read more... (http://mashable.com/2016/08/24/legalist-startup-lawsuit/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Thiel Fellow (http://mashable.com/category/thiel-fellow/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Peter Thiel (http://mashable.com/category/peter-thiel/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Legalist (http://mashable.com/category/legalist/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Y Combinator (http://mashable.com/category/y-combinator/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/7wRu6EH31a4