News Formal

An exclusive look at contract markup software BlackBoiler's pitch deck - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

BlackBoiler, which seeks to disrupt the $35 billion contracts industry, used this pitch deck to raise $3.2 million from investors like DocuSign and top lawyers

, an automated contract markup software that's used by Am Law 25 firms and several Fortune 1000 companies, announced a $3.2 million funding round on Wednesday.

Broderick walked Business Insider through the pitch deck the company used to attract its funding from investors, including DocuSign, which manages e-signatures for documents, as well as 10 attorneys that run the gamut from Am Law 50 partners to general counsel at large corporations.BlackBoiler He added that they reached the bottom-up figure of $35 billion by going to individual Global 1000 companies, asking them how many contracts they typically have and how much it costs to negotiate each contract."What happens in contracting is that these companies are given playbooks — essentially a rule set for how you're supposed to negotiate contracts with the counterparty," explained Broderick.

"When we talk to VCs about this piece right here, their eyes glaze over," he said with a laugh. "But when we talked to technologists about this piece, who've tried to solve this problem before, they're like, 'Oh my God, I can't believe you solved that.'" Broderick wrapped up with explaining how much they're asking for, and what the funding will be used for, both in the short- and long-term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

PITCH DECK: Insha raises $3 million for ethical banking - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Wayflyer: VC disruptor raises $10 million from QED, investors - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Ex-Microsoft manager used this pitch to win $17 million for edtech startup - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

WeWork chairman: Adam Neumann violated $185M consulting contract terms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Peter Frampton looks back on his career and touring with The Who - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »