2014/03/01 by lingdecklee
About two months ago, I wrote Where Are the Legal Web Startups In Asia?
Well, according to AngelList, there are as of now 429 listed legal startups. That’s right folks, that is those that are listed. It is not easy to discern from the outset which of these listed ones are bona fide startups though. According to AngelList, these startups have US$4.3 million average valuation, and there are an entirety of 945 investors backing them up. Do some filtering, and one will discover that 281 of these startups are US-based (for those of us who follow the news, we know some of them are doing pretty well). It can only be reasonably deduced that the remainder (close to 150) are based outside of US, perhaps some in Europe and some in Asia (Taiwan only has one legal startup represented, for those of you keen to know).
To conclude, 429 is a lot of startups with innovative ideas on how to deliver legal services. We certainly should look forward to much more activities outside the traditional law firm world.
[Startup Event] If you are in Taiwan, join me at the next EST event, Woman Entrepreneur Night (link to the Facebook event) on March 25th (Tuesday, 7pm), hosted by Entrepreneurs Society of Taiwan (EST). EST is a premier startup group which hosts monthly startup events for the English speaking segment of the entrepreneurial community in Taiwan. You can join its Facebook group or Facebook fan page for future event updates.
[New Startup] The legal web startup, BizAbroad Xpress (BX) (Facebook fan page), has recently launched its beta. BX is a self-help service that changes the way people set up their business entities abroad. Absolutely no email or telephone call necessary. The first country to open for service will be Taiwan, to be followed by other countries one by one, including those among the tax havens. It is also currently looking for angel investors. If you wish to read more about BX, you may also take a look at interviews published on PunNode and TechView Asia.