Jason Somma

I work with Startups, Venture Capital, M&A, Corporate Development, IP, Patents, Licensing, Commercialization, R&D, Design, Data Rights. Views/posts are my own.

[Jason Somma @JasonSomma]

@HarryStebbings Also, we’re seeing poor AI outputs causing problems. I fully expect a wave of litigation from AI mistakes in the next few years. Maybe lawyers will be displaced or shifted to other practices in the long term, but not the short/medium term.

[Jason Somma @JasonSomma]

@HarryStebbings In my personal experience, AI is leading to more, not less, legal work. It’s different- less time struggling over mundane activities and more time focusing on strategic/substantive issues.

[Jason Somma @JasonSomma]

@paulg Did they get the money via SAFEs or from another (debt/equity) instrument?

[Jason Somma @JasonSomma]

@RegularJoe_Ceo @JonTayl96319385 @TheViewFromLL2 Other other hand, the federal government locks a lot of data up itself in Pacer. You want to get enraged about something, look into that. https://t.co/NZYxwkRYJr

[Jason Somma @JasonSomma]

@RegularJoe_Ceo @JonTayl96319385 @TheViewFromLL2 The data that private providers lock away is derivative of publicly accessible information. The actual decisions and laws at the federal level are generally available outside their systems. They make it easier to use. States sometimes have private arrangements.

[Jason Somma @JasonSomma]

@RegularJoe_Ceo @JonTayl96319385 @TheViewFromLL2 If they’re ditching westlaw because of duplicative systems or because they have another resource to solve this, fine. The LOC or academic libraries don’t solve this issue.

[Jason Somma @JasonSomma]

@RegularJoe_Ceo @JonTayl96319385 @TheViewFromLL2 The government doesn’t build and hasn’t built tools like that. So it’s false that Westlaw is a product that’s 1000% government funded. If they don’t have these tools, then the government needs to find a way to address the inefficiencies caused by ditching them. 2/

[Jason Somma @JasonSomma]

@nickbraun @bgurley FWIW, I’d strongly counsel any client against a deal like this.

[Jason Somma @JasonSomma]

@nickbraun @bgurley For the company? Probably because the board wanted to preserve the ability to grow out of the pain. As a lawyer, you can counsel your clients. Unless it’s illegal, your job is to provide them information to make an informed decision, not to make a decision like this for them.

[Jason Somma @JasonSomma]

@pitdesi @luke_metro It has to be… I don’t know how else it gets to those numbers

[Jason Somma @JasonSomma]

@chrisbriem I tried to add a guest pass 2 weeks ago and saw this. I’m guessing they’re keeping it under wraps to avoid people parking in places like Schenley Farms and south Oakland.

[Jason Somma @JasonSomma]

@patio11 Also, lenders aren’t going to risk their position. They are going to bake the costs into their lending fees/interest to offset loses from defective title.

And cash transactions don’t have mandatory title insurance.

[Jason Somma @JasonSomma]

@patio11 Have you ever dealt with a title claim? They can be extraordinarily high.

Also, in many states, title insurance fees are set by state insurance regulators. If getting quoted higher, is something abnormal about your transaction or are you seeking additional coverages?

[Jason Somma @JasonSomma]

@patio11 Also, someone has to do the work to ensure there isn’t some weird estate issue or claim associated with the property. If title insurance doesn’t exist, someone still has to resolve those issues.

[Jason Somma @JasonSomma]

@H2PSports Being there as a kid, yes you could see into the stadium from the upper floors of Sutherland. Not sure if you could see the entire field.

[Jason Somma @JasonSomma]

@pitdesi The PP restaurant value largely depends on the airports you fly regularly. The PPRs are only really worth it in a few cities (for me, the only place I really got value was at SFO). Also, the lounges vary widely (I like them at PIT, SJC, and internationally, but domestically? 🤷‍♂️)

[Jason Somma @JasonSomma]

@chrisbriem It’s going into the existing Liberty East building. There’s already a sign up.

[Jason Somma @JasonSomma]

I couldn't agree more. The City of @Pittsburgh zoning code is long in need of a review/refresh. Projects that should get greenlit can't, and developers resort to trying to use the ZBA to get variances (which isn't appropriate).

[Pittsburgh Business Times @PghBizTimes]

"Although we understand proposed changes must go through proper vetting and a public approval process, there needs to be a more urgent call to action." https://t.co/YpezrkLUQJ

[Jason Somma @JasonSomma]

@PittFanAlli I believe it traces back to when Pittbsurgh went into Act 47 financial oversight, placing the city finances under state control in 2004. There were reductions in force, and attempts to optimize snow plow routes. I recall a distinct before/after experience w/ clearing streets.