Letters of Intent
Conversations with business leaders and changemakers on how they built their business and what keeps them going.
- Indexed episodes, last 90 days
- 10
- Latest publication
- Sep 9, 2026
- Audience
- Checking…
- Earliest in this view
- Jul 15, 2026
Latest episodes
Understanding How Service Drives Our Work (opens the original)
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In this special episode of Letters of Intent, co-hosts Pankaj Raval and Sahil Chaudry peel back the curtain to discuss the human side of law, business, and entrepreneurship. They trace their relationship back to its origins in a shared tent during an Indicorps service project in India, unpacking how that transformative experience shaped their worldview and their legal practice today. Through this philosophical conversation, Pankaj and Sahil explain why they reject the traditional "savior" mindse
Inside the Clippers' $30M Salary Cap Penalty (opens the original)
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In this episode breakdown, Pankaj Raval and Sahil Chaudry dissect the corporate architecture behind the NBA's salary cap circumvention findings against the LA Clippers. They trace the three-legged payment structure at the center of the case — a capital source, an intermediary partner company, and a single-member holding LLC — and extract what it reveals about how entity layers actually behave under investigation. Through this practical analysis, Pankaj and Sahil extract critical distinctions aro
Publicity In The Era of AI Clones (opens the original)
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In this episode breakdown, Pankaj Raval and Sahil Chaudry tackle a rapidly evolving area of law that is currently dominating the entertainment industry and corporate boardrooms alike: The Right of Publicity in the era of AI clones and deepfakes. Prompted by a surge of client inquiries from actors and content creators, Pankaj and Sahil dissect the critical difference between copyright (what you make) and the right of publicity (who you are). They unpack the legal history of imitation, the dangers
The FanDuel Acquisition: A Legal Breakdown (opens the original)
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In this episode breakdown, Pankaj Raval dives into one of the most instructive cautionary tales in modern business history: the acquisition of FanDuel. When the daily fantasy sports giant was sold for nearly $600 million, the founders and rank-and-file employees famously walked away with nothing, while certain executives and preferred investors made tens of millions. Through a detailed analysis of this transaction, Pankaj unpacks the complex mechanisms of venture capital and private equity deals
Dealmaker's Guide: Phantom Equity (opens the original)
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In this episode breakdown, Pankaj Raval and Sahil Chaudry dive into the complex world of executive compensation and employee incentive plans. Using a real-world SEC filing as a case study, they demystify "Phantom Equity" and explain how founders can reward key employees with the economic benefits of ownership—without actually giving up any control of their company. Through this practical analysis, Pankaj and Sahil extract critical lessons on vesting schedules, contractual rights, and equity stru
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