The fast fast track – meet the clients of tomorrow
07 April 2017 09:30
by James Wood
Fast-growth, tech-driven companies are reshaping the economy. But what's it like to be their general counsel?
As the old joke goes, if you want to make a million from a start-up, start with three million. It is a market-dominated by founders' visions rather than revenue-generating products. That typically means a lot of money is burned through before investors can expect returns. But, as recent high-value initial public offerings have shown, the rewards on offer can be enormous. Start-ups are also becoming hugely important to the wider economy. In the UK alone, they are worth nearly £200bn a year, according to a recent report by Virgin StartUp.