With more digging, I found a good breakdown on this - https://westaway.com/faq/who-pays-the-legal-fees-in-a-startup-funding-round-and-how-much-should-it-cost/ h

With more digging, I found a good breakdown on this - https://westaway.com/faq/who-pays-the-legal-fees-in-a-startup-funding-round-and-how-much-should-it-cost/ https://westaway.com/faq/who-pays-the-legal-fees-in-a-startu... "To be clear, the term requiring startups to pay for investor counsel fees is unjust. This is because startups are forced to pay the legal fees of the counsel negotiating against them. " I wonder if YC would start pushing investors to stop this practice