Unfiled Lawsuits Funding

A litigation finance business that funds promising lawsuits by analyzing and underwriting legal cases, taking a percentage of successful settlements while removing financial risk for plaintiffs.

Key Points:

  • Core Business Model:

    • Analyze potential lawsuits that aren't being pursued
    • Fund promising cases that plaintiffs can't afford to pursue
    • Take a percentage of successful settlements
    • Plaintiffs lose nothing if case fails
  • Market Opportunity:

    • 70%+ of potential suits go unfiled due to:
      • Lack of funds
      • Uncertainty about winning
      • Fear of going broke fighting large corporations
    • Proven model: Burford Capital ($1.8B market cap) successful in England
  • Operating Process:

    • People submit cases for review
    • Legal team analyzes and underwrites risk
    • Fund strong cases, reject weak ones
    • Handle all legal costs for approved cases
  • Business Progress:

    • Currently raised $6M as proof of concept
    • Targeting 25-30% annual returns on investment
    • Planning to raise $50-200M after proving model works
    • Primarily funding from family offices and investors
  • Validation:

    • Similar to Peter Thiel's Gawker case strategy
    • Established precedent with Burford Capital's success
    • Addresses clear market need for lawsuit funding
SP

Shaan Puri

Host of MFM

Shaan Puri is the Chairman and Co-Founder of The Milk Road. He previously worked at Twitch as a Senior Director of Product, Mobile Gaming, and Emerging Markets. He also attended Duke University.

WebsiteTwitter
Host
Restaurateur
E-commerce