This episode of Pour Over spotlights Min-Kyu Jung, CEO and Co-founder of Ivo, an AI legal assistant transforming contract review and negotiation. In conversation with host John Chen, General Partner at Fika Ventures, Min-Kyu shares his founder journey from corporate law in New Zealand to building a cutting-edge AI-driven startup in Silicon Valley. He reflects on the cultural differences between the two ecosystems and why he felt compelled to relocate to the Bay Area to build his company. Min-Kyu also provides an inside look at Ivo’s core offering, explaining how it optimizes the redlining process, helping legal and business teams negotiate contracts more efficiently. Zooming out, he also dives into broader AI industry shifts, discussing the impact of developments like DeepSeek, and why startups must remain agile, adaptable, and not overly reliant on any single AI model. The discussion further explores Ivo’s strategic roadmap, predictions for the future of contract law, and the evolving role of lawyers as AI becomes more sophisticated. Towards the end of their conversation, Min-Kyu shares insights into his leadership philosophy, hiring approach, and the key values that define an exceptional team member at Ivo.
Founder Journey: Min-Kyu started as a corporate lawyer in New Zealand, drawn to deal-making over litigation. While he enjoyed the challenge, the manual nature of contract work frustrated him, sparking the idea for an AI-driven solution. He began coding Ivo himself before moving to Silicon Valley to scale the company in a faster-moving, high-growth environment.
New Zealand vs. Silicon Valley Startup Culture: In New Zealand, calling yourself a founder felt equivalent to being unemployed—the startup scene lacked excitement. In contrast, Silicon Valley thrives on innovation. Min-Kyu found a community that embraces ambition, urgency, and big ideas, making it the perfect place to build Ivo.
Ivo’s Unique Offering: Unlike DocuSign, which focuses on signing contracts, Ivo tackles the hardest part—getting contracts ready to sign. The AI legal assistant redlines, reviews, and negotiates contracts directly in Microsoft Word, using customized playbooks to align with each legal team’s preferences.
Inspiration Behind Ivo: Ivo is named after Saint Ivo of Kermartin, the patron saint of lawyers, reflecting the company’s mission to serve legal professionals with intelligence and precision.
AI Applications, GPT Wrappers, and Frontier Models: Min-Kyu pushes back on the idea that AI legal tools are just thin GPT wrappers. Ivo is deeply integrated into legal workflows, offering more than AI-generated text by embedding customization, domain expertise, and adaptability into the product.
Technological Advancements and Adaptability: With models like DeepSeek emerging, startups must stay agile. Ivo is designed to be model-agnostic, ensuring it evolves with AI advancements rather than being tied to a single model like GPT.
Ivo’s Roadmap: Ivo takes a forward-looking approach, anticipating where AI will be in 6-12 months. As models become faster, smarter, and cheaper, Ivo positions itself to lead the evolution of AI-powered contract negotiation.
The Future of Ivo and Contract Law: Min-Kyu predicts that contracts will move beyond lawyers, allowing business professionals to negotiate agreements themselves. AI will streamline legal work, shifting lawyers’ roles from manual reviewers to strategic overseers.
Key Values at Ivo: Ivo hires people who are intelligent, fast-moving, conscientious, and deeply invested in their craft. The team prioritizes execution over perfection, embraces problem-solving, and takes pride in building a transformative product.
Hiring Generalists vs. Specialists: While lawyers bring industry expertise, generalists add fresh perspectives. Ivo blends specialists who understand legal pain points with generalists who drive innovation.
Leadership Style: Min-Kyu is hands-on, high-expectation-driven, and values ownership. As Ivo scales, he aims to foster a culture of speed, adaptability, and high standards while empowering his team to lead.
QUOTES
“[In New Zealand] I was almost too embarrassed to tell people that I was founding a startup because I knew people wouldn't really understand what I mean by that.”
“In the Bay Area, I feel like everyone has this very keen sense of excitement about building and creating new things, and people don't get bored when I go on long rants about my opinion on some tech thing.”
“The hard part about signing a contract is getting the contract to a point where it's ready to sign in the first place.”
“I think founders in the space do have to be willing to really rip everything up as technology improves.”
“I think it's important to not be too tied to a single model, and be willing to make the product fixable enough to accommodate different ones.”
“I like to hire people who are who are intelligent, who value speed, who are conscientious, who have the quality of being – ‘relentlessly resourceful.’”
LINKS MENTIONED IN THIS EPISODE
Min-Kyu’s Blog Post - 'You Should Move to San Francisco'
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