legalzoom

legalzoom

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John Suh’s lengthy career spinning startups into billion-dollar companies began with a cold call to an investor he was hoping would back his startup. The off-the-cuff reachout ended up being a key step in Suh’s journey to running a billion-dollar company in LegalZoom.

Prior to LegalZoom, Suh tried to build a startup for fashion companies to manage inventory, called Wardrobe.com. He told Yung that one of his first contacts was Harvard Business School professor and chairman of Fung Group Victor Fung, who he called on a whim.

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The COVID-19 pandemic forced restaurants, shops, movie theaters and countless other businesses to close. But alongside those closures, a surprising trend emerged: More new businesses formed in 2020 than the year before.

The uptick helped fuel growth for the legal tech company LegalZoom, which helps entrepreneurs start their businesses and provides other legal and tax services.

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BAM Ventures, the early-stage, consumer-focused fund co-founded by corporate lawyer-turned-L.A. serial entrepreneur-turned-venture capitalist Brian Lee, has filed paperwork with the SEC indicating that it is in the process of raising a third fund with $50 million in dry power.

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