Why We Invested in TCN



May 22, 2023


One of the most inefficient processes in the business world today is contract negotiation. Jim Wagner and Bill Murphy, seasoned professionals with extensive experience in large corporations, were all too familiar with the wasted time and resources that plagued contract negotiations. Bill, the former CTO at Blackstone, had signed thousands of agreements and found the process to be reminiscent of Groundhog Day: always the same agreements, always identical issues, and consistently a lengthy and inefficient ordeal. Meanwhile, Jim, previously VP of Agreement Cloud Strategy for DocuSign, was dealing with the other side of the equation: analyzing tens of millions of agreements for the world’s largest companies, and trying to decipher what they said after the fact. Jim encountered client after client who desperately sought ways to negotiate agreements faster.

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For more information, please contact:

Lucy Fry, The Contract Network