Clerky, the Legal Service for Startups, Is Joining Stripe
Clerky Is Joining Stripe
Clerky, the online legal service used by startups and their attorneys, has agreed to be acquired by Stripe. Founded over a decade ago by Silicon Valley startup attorneys, Clerky automates routine legal paperwork for high-growth companies. Its clients account for 23% of Silicon Valley seed and pre-seed financings and have raised over $140 billion in venture capital. The Clerky team will continue operating with the same focus, but with Stripe's resources to build new products and features.
Clerky startups account for 23% of all Silicon Valley seed / pre-seed financings and have raised over $140 billion in aggregate venture capital.
- akrolsmir
Oh awesome! I love Stripe Atlas overall for the fast/excellent UX, but Clerky supports PBCs and a higher degree of customization (eg useful for incorporating for https://manifest.is since we had previously agreed on an informal equity split with a bunch of people).
Hoping that now they'll have the best of both worlds!
- chupchap
I think Stripe is looking at companies using their services and identifying companies to acquire. This reminds me of Facebook looking at data from pixel data to identify apps with heavy usage they could acquire.
- HPMOR
Clerky is great, Stripe is really buying all of the great product companies. I feel like with Clerky and Stripe Atlas they, Stripe now controls all of the early incorporation infrastructure now. This feels deeply problematic.