In this episode of Lawyers Who Learn, David Schnurman, CEO of Lawline, has a conversation with Ted Theodoropoulos, founder and CEO of Infodash, the leading cloud intranet and extranet platform for law firms. Ted shares his entrepreneurial journey from starting a collection agency during college to working at Microsoft and Bank of America before launching his own company focused on legal technology solutions.
Ted discusses his transition from a professional services model to a product-based business, explaining how he strategically secured client funding to build his platform while maintaining equity in the company. He reveals the challenges of bootstrapping, including the personal toll it took on his health and family life, and how bringing on three partners helped create a more sustainable business model.
The conversation explores Ted's approach to building relationships in the legal industry - from conducting 22 roadshows in a single year to speaking at conferences and launching his "Legal Innovation Spotlight" podcast, which has become a key part of his thought leadership strategy. He offers practical advice on positioning yourself as an expert in the legal tech space, including maximizing downtime for learning, attending conferences, and creating valuable content that connects with decision-makers.
Throughout the interview, Ted emphasizes the importance of understanding law firm culture and challenges to innovation, his perspectives on equity sharing in startups, and his belief that the legal industry is at an inflection point with AI that will reshape traditional business models. As the 2024 recipient of the Innovative Leader of the Year award from the International Legal Technology Association, Ted provides valuable insights for entrepreneurs looking to succeed in the legal technology space.
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