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Legal Tech & Startups

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IE Business School

Legal Tech & Startups

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LegalTech is the reaction to the disruption that technology is having across all sectors of the economy. Considering that the legal sector is one of the most resistant to change, due to its conservative nature, we can see just how different the future will be. In this course, IE professor Marti Manent will guide you through the essential stages of this disruption in technology, giving you the key tools and ideas to consider when starting your online business. In the course, Marti explains the key market trends that you will encounter and will provide you with a handy practical toolbox. The course features interviews with industry professionals as well as very motivating and interesting lectures that will help you open your mind and better understand everything in the course. Be part of this disruption that technology is having in the legal sector and join Professor Marti during this exciting new course.

À partir de la leçon

The Business idea

Where do good ideas come from?4:56

Share your idea3:25

A good business idea3:16

The business model3:50

Protect your idea3:41

Rencontrer les enseignants

Marti Manent
Professor
Director Programa Legal Bridge to Silicon Valley

The question is, do you need to share your idea?

It's good to share your business opportunity.

I think that it's a bad mantra: Keep your idea as a secret.

I think that it's a bad idea keeping your idea as a secret.

I think that it's a bad idea keeping your project as a secret and why?

The reason is because probably someone before you has had the same idea.

Yes, probably someone before you had had the same idea.

And then you need to share with other people

your project because those other people could say,

"Yes, okay, that's a great idea!"

But remember that someone or that company tried the same thing and failed.

Wow! They had the same idea as you?

Yes, and they failed.

That could be a good advice because they could say yes,

they failed because... and you can change that because.

Also is very good to have connection with another entrepreneurs.

My secret advice here will

be: share your legal tech idea with another entrepreneur.

Share your legal tech idea or project with another entrepreneur.

Why?

Because those people always love the new projects.

As an entrepreneur, I love the new projects.

When somebody comes to me and say, okay Marty, I want to start a business.

Wow! Great! Let's check, let's start talking.

If you share your idea with successful entrepreneurs,

that could give you good advice,

they also could give you good contacts,

and also they could be your next investors.

Because they love your idea, probably they'll invest in you.

The third important and relevant thing about sharing your idea,

that I suggest to do that,

is to build a good network.

Yes, if you want to start a new project,

a new business you need to be in an ecosystem,

and you need to have for example,

employees, and you need to attract those employees.

In the next videos we are going to talk about the team,

but you need to talk about your project and try to

attract people, contacts, providers, clients.

When sharing your idea,

you are building a network.

But please stop, don't spend all the day

in startup meetings or wherever sharing your passion.

Share your ideas sometimes,

but the most important thing is to execute your idea.

Okay? That is very important.

Don't lose time, don't lost a lot of time going to parties of entrepreneurs.

You need to execute your project.

By the end, you will get a lot of connections with partners,

suppliers and you will attract employees.

If your idea is good,

they are going to recognize,

they are going to explain to you,

that wow, that's amazing.

I want to collaborate.

In the next video,

I will explain how we could know if we have a idea.

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