Have you ever wanted to found a tech company but needed the right idea? A California company called LaunchFactory has the ideas and is looking for founders to take them on – including in the legal tech space.

The company takes a decidedly unique path to launching companies. Rather than invest in existing startups, it identifies and vets startup ideas and then recruits entrepreneurs to launch them, providing them with $300,000 in seed capital, domain advisors, incubation tools and office space.

For 2021, one of the companies for which LaunchFactory is seeking founders is in legal technology, a vertical the company’s founder and CEO Brad Chisum believes is ripe for disruption. A second company this year, involving data privacy, borders on legal tech.

On today’s LawNext, we’re joined by Chisum, who founded LaunchFactory after selling his former company to Google for $85 million, and by Alessandro Rinaldi, who, as director of innovation, leads the ideation of new startups.

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Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.