Ep 132: Exclusive: How UpCounsel Avoided Shutdown and Why It Is Launching A Crowdfunding Campaign

<p><span style="font-weight: 400;">Sixteen months after</span> <a href="https://www.upcounsel.com/"><span style= "font-weight: 400;">UpCounsel</span></a> <span style= "font-weight: 400;">announced it would shut down, it is not only alive and well, but showing double-digit revenue growth, consistent profitability, and accelerating demand for legal services through its lawyer marketplace. Now it is launching a crowdfunding campaign with the mission of bringing legal to the people. </span></p> <p> </p> <p><em><span style="font-weight: 400;">[The crowdfunding campaign opens to the public July 28, but listeners of this podcast can</span></em> <a href= "https://wefunder.com/upcounsel/"><em><span style= "font-weight: 400;">access the private friends and family campaign</span></em></a><em><span style="font-weight: 400;">, with early investor benefits including a lower valuation cap.]</span></em></p> <p> </p> <p><span style="font-weight: 400;">On this episode of LawNext, we look at the Phoenix-like story of how UpCounsel came back from near death, saved at the eleventh hour by new owners and a new management team that reinvented its business model, and why the company is now turning to crowdfunding to raise capital to fuel its growth and development. </span></p> <p> </p> <p><span style="font-weight: 400;">To tell this story, we are joined by two of the company’s top executives: </span></p> <p> </p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Chief Executive Officer</span> <a href= "https://www.linkedin.com/in/kjerstine/"><span style= "font-weight: 400;">KJ Erickson</span></a><span style= "font-weight: 400;">, a serial entrepreneur who</span> <em><span style="font-weight: 400;">Rolling Stone</span></em> <span style="font-weight: 400;">named in 2017 as one of 25 people shaping the future.</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Chief Revenue Officer</span> <a href= "https://www.linkedin.com/in/paul-drobot-7a839351/"><span style= "font-w