Michael Tam of Craft Ventures Discusses LegalTech Fundraising - LegalTechLIVE - Episode 112

<p><span class="style-scope yt-formatted-string" dir="auto">Michael Tam has been specifically focused on venture investing since early in his career. It is the trajectory he chose. Here's a little background about our guest: Michael is a principal at Craft on the investment team, based in Los Angeles. Prior to joining Craft, he was an investor at Crosscut, where he led investments and participated on the boards of consumer and enterprise companies. As an operator, Michael managed Uber's business in Southern California markets and launched L., a direct to consumer brand acquired by Procter & Gamble. Michael began his career in venture at Bullpen Capital. Previously, he worked at BofA Merrill Lynch's tech investment banking group and began his career at PwC. In this episode we discuss the investment thesis of Michael Tam and Craft Ventures. B2B enterprise Saas is where their venture team focuses and specializes. Michael was asked to join the show as he led the round in former guest and</span> <a class= "yt-simple-endpoint style-scope yt-formatted-string" dir="auto" spellcheck="false" href= "https://www.youtube.com/hashtag/legaltech">#legaltech</a><span class="style-scope yt-formatted-string" dir="auto">​</span> <span class="style-scope yt-formatted-string" dir="auto">startup Trellis.law (also a sponsor of the show). I made it clear we were interested in everything startup fundraising and we did not expect him to be a legaltech focused investor. However, as Michael discussed, he's probably looked at 8 to 10 legal technology companies in his experience. He provides us with some excellent early stage (seed and Series A) investment suggestions. Including, what concerns most of our founder-listeners:</span> <a class="yt-simple-endpoint style-scope yt-formatted-string" dir= "auto" spellcheck="false" href= "https://www.youtube.com/hashtag/venturecapital">#venturecapital</a><span class="style-scope yt-formatted-string" dir="auto">​</span> <span class="style-scope yt-formatted-string" dir="auto">is booming and investments a