Liz Wessel emphasizes the importance of having the right legal support for B2B startups, highlighting that many founders only think about legal counsel when issues arise. Initially, a general counsel (GC) is essential for handling foundational legal tasks like incorporation and fundraising documents. While top-tier firms like Gunderson, Cooley, and Orrick are common choices, founders should consider their fit with the lawyer, as a poor choice can lead to significant costs later. As a company grows, the legal needs become more complex. By the time a startup has around 50 employees, it often requires regulatory counsel and HR specialists to handle employee-related legal matters. However, Wessel points out that contract counsel is often needed much earlier, typically around the Series A funding stage. These lawyers focus on managing contracts and negotiations, providing valuable expertise that can streamline deal closures and mitigate risks. Relying on contract counsel rather than attempting to handle contracts alone can prevent mistakes that might scare off potential investors or acquirers later on. Wessel stresses the importance of being proactive in legal matters. Engaging the right lawyers early helps ensure smoother operations and faster growth. Founders should avoid the temptation to manage enterprise contracts independently or only involve their GC occasionally. The risks associated with improperly managed contracts can create long-term problems that are difficult to rectify.