There’s a twinkle in every Silicon Valley lawyer’s eye when he or she fantasizes about striking it rich like their entrepreneur clients. After all, how hard could it be? You know how it’s done — you’ve been drafting deal documents and patent applications for years. All you need is an idea and some connections — you already have a garage.
Well, consider for a moment the story of Edward Durney, a corporate finance and patent lawyer turned entrepreneur. He hit it big working for BEA Systems before it went public. But his more recent quest to start an electric car company sputtered out, ending in a lawsuit accusing the guy he thought was his business partner of bamboozling him and cutting him out of the action.
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