The Pioneer
The frontier and an appetite for the unknown, goes first.
Eva Shang reads as The Pioneer because she built Legalist in litigation finance, a space where no trail existed for founders her age. Her candid admission that knowing the difficulty in advance would have stopped her cold captures the pathfinder's instinct to move before fear catches up.
“So that is the niche that we occupy for our LPs. They have a lot of things that are market correlated. And depending on their liquidity and return profile that they're looking for, they might invest in litigation finance, which is longer duration. It's a kind of a five to seven year drawdown fund.”
“So, the qualifier for the truffle sniffer is based on a set of variables that include static variables. So these are things that would eliminate a case categorically or qualify a case categorically. And then there are also time series variables. So the time series variables are related to things that happen in the case.”
“So, the interesting thing about my life has been that I kind of grew up with the company. So, when I started the company, I was 20, and I was basically just out of my parents' house. And these days, I have my own house, and I have a one-year-old baby.”
“Yes, exactly. And he just set them up and started trying to download and scrape all the information. Now, as it turns out, he was downloading at Too Hive A pace, and so Harvard caught on to the fact that there were just massive gigabytes of information passing through to this one dorm room in Dunster.”
Masters in Business: “Eva Shang on Litigation Finance Funds”
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