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I really hope this a holdover from like medieval times. Back then some guy had to read like one whole parchment maybe. Like old timey seals in Asia. Doing this in modern day feels like a parody
'making sure everyone understands'. They read it out to you even if you don't speak a word of German.
They are a mafia and it's not only Germany. Other European countries like Austria are similar.
It started long ago:
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Wrath Of Gnon
@wrathofgnon
The closing of the German Middle Ages was heralded by a new plague on the land: lawyers. (from Johannes Janssen, 1886).
I've heard that before, and I optimistically thought, "Oh, on the other hand, maybe the documents there are really short!" But then I realized, no, the documents there are probably very long.
and when you seed invest in a German company, you need to get an Apostle to show up and sign docs. not an easy task in NYC, which is why my bar for German startups is much higher
I stopped investing in German companies for precisely this reason. When having to sign docs I had to get notaries in California to put an apostille on them.
As a German Founder, I have spent long sessions with Notary's.
Please open up better legal immigration routes, I can't handle this country anymore.
and don’t forget about this red tape (and red string)
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Johannes Reck
@JohannesReck
The notarised documentation of a Series A round in Germany. Roughly 800 pages. This package was sent to all 30 investors equating to 24’000 printed (!) pages sent by physical (!) mail. In 2022!!! How many digital advisors does the 
government still need to end this insanity? 
government still need to end this insanity? 
It’s done that way in Costa Rica as well but with details on everyone in the lawyers’ offices involved; like I know how many times each is married and divorced from buying a piece of property!
I mean. You can lean into this. It's like a Techpriest appealing to the Machine Spirit. Get some incense and homina homina over the records, add some wax seals to make it official.
This is literally why innovation and venture in Europe is in deep trouble. The laws are so complex that reading gibberish is an utter waste of time.
I am biased but I think this is great. We caught errors and misunderstandings this way and avoided later lawsuits.
For sure. The problem is we know the cases where this prevented an error, but not the many more cases where it led to people never starting a company because of the hassle.
This is actually reasonable; the insane part is how uselessly long every legal doc has become
They are apparently also one of the highest paid professions in German society.
This is one of the things that would be great and beneficial if contracts had to be written in plain language instead of legalese and were constrained to few pages... I see what issue they were trying to solve by making it mandatory... Like Facebook ovnership structure would be
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What if I hire multiple notaries simultaneously reading different sections at 250 WPM?
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Yep. I opened a company in Berlin a few years back. The notary speed read the articles of incorporation to me before I could sign anything. And I don’t speak a word of German.
This is like ‘second level support’ in the legal system, and having gone through it, I have to say it should be done in other countries as well.
i always just load financing docs into notebookLM to consume in podcast form notebooklm.google.com/notebook/a8d20
Have witnessed this, albeit on a smaller scale. Particularly entertaining (
) when German isn't your first language.
Excellent for notary job security, though!
) when German isn't your first language.
Excellent for notary job security, though!
it’s not as bad as it sounds, a seed round can be done in three hours if you have a good notary
Companies effectively have two boards in Germany.
German and Japanese regulations are such different animals than nearly everywhere else in the world.
Got to deal with both at SoftBank
Would definitely figure out a special notary friend… assume that’s the hack.
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Replying to @balajis
gen-x seeing how boomers ran govt
Germans absolutely love process.
Nothing outside the process.
No skipped steps.
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in my wayward youth i was arrested for drunk driving, and the officer had to read aloud the consent form for the breathalyzer test. i simply could not understand the form, the poor guy had to reread it to me dozens of times until sadly i was stone cold sober and blew a 0.0
Oh yes - spent over a week listening 8 hours a day
It cost time and money and added no value
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In the UAE, notaries will demand changes to documents and ask for all underlying company constitutional documents, including overseas holding companies which must be translated into Arabic by a court approved translator.
Nice when the top of the structure is a Panama foundation
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new use case for box AI and box sign. It reads the completed document out loud to you when complete
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Did they also read the 15 years of financial projections and 90 year plan for exit?
Misunderstood problem. The reading is a symptom. The main issue is the length of the document.
I talked to a guy in Germany who I had interest in starting a company with.
He turned me down because he was afraid his government would severely limit his capabilities in owning and operating the company.
I'm not sure how true this is.
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Trust me it feels surreal when it happens to you, I couldn’t stop laughing.
This is totally real. I sat through a session where the notary read through 500 pages of legalese. He also read in super high speed. Nobody understood it. Not even himself. Neither did I. It was a big waste of time…
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True for security docs and if you leave the room they stop reading !!! Same in Serbia
While I agree with your sentiment I do appreciate from personal experiences that process though.
same in Switzerland 
(Kanton Schwyz), took about 10 minutes
most business owners don't spend all day on the the computer and it is a good thing
reading out a very important document can help large groups of people understand it better
(Kanton Schwyz), took about 10 minutes
most business owners don't spend all day on the the computer and it is a good thing
reading out a very important document can help large groups of people understand it better
This should be required in every parliament / congress in the world. And if you're not present through the whole process or if you fall asleep, you can't vote.
"In the end, they're not coming after me. They're coming after you — and I'm just standing in their way."
they should at least give an option for notary to record on video and playback on 4X
Great incentive to keep agreements simple and docs short
Compare the commercial liability insurance premium that businesses have to pay in the US versus Germany and ask an American silicon valley lawyer if he or she thinks that there is a real meeting of the minds in most California contracts and if there is then why $ litigation
It’s real. Billions of minutes wasted. Hearing contracts doesn’t ensure comprehension. AI can simplify terms and offer personalized explanations, improving clarity and understanding.
We were inching close to losing our country, but Americans made a choice to take it back.
Now it's time to get to work.
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Arto Bendiken
@bendiken
Can confirm. Once upon a time, founding a GmbH, I had to sit through half an hour of a German notary reading documents aloud to me in German. He knew, and he knew that I knew that he knew, that I didn't speak German.
But evidently we still had to go through this rigmarole magic x.com/levie/status/1…
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And they earn a significant amount of money, depending on the contract value. For example, if you buy a house worth $1 million, they earn $35,000 for a 10-page document.
Germany hates founders, ambition, entrepreneurship and is a socialist nation. These are facts.
also true in Spain and were always one of the weirdest moments - listenting to someone reading out a document and then paying money for it
