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: Lag LivNow On the Cusp of Crazy Busy
By Anonymous
Work has been really slow the past few days- I billed less than 5 hours every day last week. This morning I spent an undisclosed amount of time researching easels so Santa could bring one in his sleigh for Landon this Christmas. I also fake planned a ski trip we can't afford to actually take. And then of course, after days of doing nothing during a week when I was counting on doing just that, I get an email to join a conference call at 4:00 to discuss a new deal. Normally this would be fine, I'd just call JP and tell him to pick up Landon so that I could have the freedom to stay a little later than usual, but thanks to a microeconomics midterm that was not possible today. I didn't mention my time constraints before the call began because I was sure it would be over by 5:30- or maybe 6 at the very latest (daycare closes at 6:30, though Landon has never been picked up later than 5:45 and is usually picked up closer to 5:00). So the call kicks off and it's a crazy complicated venture capital deal and they want a term sheet by Friday, yes THIS Friday. I keep glancing at my wrist, watching the hands move to 6:00 and wondering if I'm going to have to resort to passing the partner a note explaining why the most junior person on the call is about to leave unannounced. But luckily, after a lot of squirming in my chair, the call ends, my initial role in the deal is explained, and I fly back to my office and out to the parking garage. I know that both the partner and senior associate would have been understanding, but it was important for me to hear this first explanation of what the client wants to accomplish in this (freaking crazy) deal and I'd like to keep the situations that require "understanding" to a minimum- especially since I'm going to have to leave by 6 every other day this week. I have a feeling I'm going to be doing some work at home after Landon goes to bed.
This transaction is going to be demanding and fun, with an added twist that almost made me laugh out loud during the call. There's a guy at the center of this deal who has the special skills and contacts that form the foundation of the whole venture, so a big part of our job will be drafting contractual language that forces him to use his best efforts to continue in this line of work and not take his talents elsewhere. As we're discussing the difficulties and nuances of the situation, the VC guy says: "Oh, and there's an additional element you should probably know about... [the guy] was a corporate lawyer for 15 years." To which our partner replied, "F*ck."
Should be fun!
Full post as published by Lag Liv on October 14, 2008 (boomark / email).
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