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Perspective

Jul. 18, 2015

Lawyers turned venture capitalists: a cautionary tale

Not every lawyer's frolic into ventures outside of law practice turn out quite so well as the lawyer-founders of California Pizza Kitchen. By Dan Lawton


By Dan Lawton


Like other lawyers, I sometimes fantasize about investing in ventures other than my
own law practice. The ideal for the fantasy is, of course, the California Pizza Kitchen
chain. In 1985, two Los Angeles-based lawyers, Larry Flax and Rick Rosenfield, had
gotten weary of the courtroom. After scraping together cash from family and friends,
they started California Pizza Kitchen. Today, CPK is ...

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