# Hard Lessons: Pay Your Lawyers, Align Incentives & Why a $90M Exit Paid the Founder Only $2M | FOC

Page: https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528/hard-lessons-pay-your-lawyers-align-incentives-why-a-90m-exit-paid-the-founder-only-2m-foc
Text version: https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528/hard-lessons-pay-your-lawyers-align-incentives-why-a-90m-exit-paid-the-founder-only-2m-foc.md
Podcast: [Family Office Podcast: Billionaire & Centimillionaire Interviews & Investor Club Insights](https://stenobird.com/podcast/family-office-podcast-billionaire-centimillionaire-interviews-investor-club-insights-668528)
Published: 2026-07-25T11:00:00+00:00
Episode link: https://www.buzzsprout.com/885151/episodes/19367842-hard-lessons-pay-your-lawyers-align-incentives-why-a-90m-exit-paid-the-founder-only-2m-foc.mp3
Audio file: https://www.buzzsprout.com/885151/episodes/19367842-hard-lessons-pay-your-lawyers-align-incentives-why-a-90m-exit-paid-the-founder-only-2m-foc.mp3
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Duration seconds: 611

## Resource

Send us Fan Mail The most candid segment of the panel. A private investment banker says the most expensive mistake he made was not paying for expert legal counsel — and explains why a cheap lawyer costs more on the back end than a good one does upfront. A family office CFO cites his first private investment loss to make a principle: founders must have skin in the game and LP capital must come back first, always — the Richest Man in Babylon principle applied to modern private investing. A seri...

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