This startup wants to help small businesses survive expensive lawsuits by funding the
 

This startup wants to help small businesses survive expensive lawsuits by funding them
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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.*

However, litigation funding did receive mainstream media attention this year after a Forbes report revealed Silicon Valley tech investor Peter Thiel had been backing Hulk Hogan's lawsuit against Gawker Media.* Read more...

More about Business, Thiel Fellow, Peter Thiel, Legalist, and Y Combinatorhttp://feeds.feedburner.com/~r/Mashable/~4/7wRu6EH31a4