Legal Tech Founders, VCs & Buyers - ARR Definition Standards

Legal Tech – We Have an ARR Problem Legal tech companies, and especially VC-fuelled startups, have an ARR problem. At its core is how you define ‘Annual Recurring Revenue’. Things have come to a head andScott Stevenson, CEO of Spellbook, has suggested ‘a huge scam’ is happening (see below). Meanwhile, Artificial Lawyer would say that because ARR is such an unclear metric, startups may be quite unintentionally causing confusion. Those startup founders and legal tech experts who Artificial Lawyer contacted this weekend agreed that ARR is easily prone to abuse, and at the very least it is open to misunderstanding from the market in general. How do we fix this? > LINK: https://lnkd.in/eaUd5KZZ > We need to find a way out of this mess. AL would like to hear from startups, VCs and buyers. What is the best way forward? Pls send comment to AL also for inclusion in a follow-up article including your view. Thanks. Let's not let a blurry metric undermine the world of legal tech. #legaltech #funding #VC MT Jack Newton