{"id":60944,"date":"2023-12-08T20:23:34","date_gmt":"2023-12-08T11:23:34","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=60944"},"modified":"2024-01-29T15:52:38","modified_gmt":"2024-01-29T06:52:38","slug":"jkiss-investment-contract","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract","title":{"rendered":"Co je term sheet v p\u0159\u00edpad\u011b investic p\u0159ijat\u00fdch prost\u0159ednictv\u00edm J-KISS"},"content":{"rendered":"\n<p>J-KISS, co\u017e je syst\u00e9m umo\u017e\u0148uj\u00edc\u00ed rychl\u00e9 a jednoduch\u00e9 investice p\u0159edev\u0161\u00edm do startup\u016f v seed f\u00e1zi, m\u00e1 p\u0159ipravenou \u0161ablonu investi\u010dn\u00ed smlouvy pod dohledem pr\u00e1vn\u00edk\u016f a dal\u0161\u00edch odborn\u00edk\u016f. D\u00edky tomu nejsou p\u0159i p\u0159ij\u00edm\u00e1n\u00ed investic prost\u0159ednictv\u00edm J-KISS mezi investorem a startupem mnoho bod\u016f k jedn\u00e1n\u00ed a rozhodov\u00e1n\u00ed na term sheetu v z\u00e1vislosti na investi\u010dn\u00edm projektu. V tomto \u010dl\u00e1nku vysv\u011btl\u00edme, jak\u00e9 body by m\u011bly b\u00fdt rozhodnuty na term sheetu v r\u00e1mci investi\u010dn\u00edch projekt\u016f vyu\u017e\u00edvaj\u00edc\u00edch J-KISS a na co byste m\u011bli b\u00fdt opatrn\u00ed p\u0159i jedn\u00e1n\u00ed.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Investicni_smlouvy_a_term_sheet_v_ramci_J-KISS\" title=\"Investi\u010dn\u00ed smlouvy a term sheet v r\u00e1mci J-KISS\">Investi\u010dn\u00ed smlouvy a term sheet v r\u00e1mci J-KISS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Body_ktere_by_mely_byt_stanoveny_na_term_sheetu_J-KISS_investic\" title=\"Body, kter\u00e9 by m\u011bly b\u00fdt stanoveny na term sheetu J-KISS investic\">Body, kter\u00e9 by m\u011bly b\u00fdt stanoveny na term sheetu J-KISS investic<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Castka_financovani_serie_A_ktera_se_stava_spoustecem_konverze_novych_akcii\" title=\"\u010c\u00e1stka financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed \">\u010c\u00e1stka financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Valuacni_klobouk_jako_maximalni_hodnota_pri_stanoveni_konverzni_ceny\" title=\"Valua\u010dn\u00ed klobouk jako maxim\u00e1ln\u00ed hodnota p\u0159i stanoven\u00ed konverzn\u00ed ceny\">Valua\u010dn\u00ed klobouk jako maxim\u00e1ln\u00ed hodnota p\u0159i stanoven\u00ed konverzn\u00ed ceny<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Metoda_vypoctu_konverzni_ceny_pomoci_valuacniho_klobouku\" title=\"Metoda v\u00fdpo\u010dtu konverzn\u00ed ceny pomoc\u00ed valua\u010dn\u00edho klobouku\">Metoda v\u00fdpo\u010dtu konverzn\u00ed ceny pomoc\u00ed valua\u010dn\u00edho klobouku<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Jak_stanovit_valuacni_klobouk\" title=\"Jak stanovit valua\u010dn\u00ed klobouk\">Jak stanovit valua\u010dn\u00ed klobouk<\/a><\/li><\/ul><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/jkiss-investment-contract\/#Shrnuti\" title=\"Shrnut\u00ed\">Shrnut\u00ed<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Investicni_smlouvy_a_term_sheet_v_ramci_J-KISS\"><\/span>Investi\u010dn\u00ed smlouvy a term sheet v r\u00e1mci J-KISS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>J-KISS je financovac\u00ed mechanismus, kter\u00fd byl navr\u017een tak, aby startupy v seed f\u00e1zi mohly snadno a rychle p\u0159ij\u00edmat investice od venture kapit\u00e1lu a podobn\u011b. Coral Capital (d\u0159\u00edve 500 Startups Japan) poskytuje bezplatn\u011b vzorovou investi\u010dn\u00ed smlouvu. Nejv\u011bt\u0161\u00ed v\u00fdhodou tohoto mechanismu je, \u017ee m\u00edsto akci\u00ed jsou investi\u010dn\u00edm c\u00edlem nov\u00e9 akcie na p\u0159edkupn\u00ed pr\u00e1vo.<\/p>\n\n\n\n<p>Nov\u00e9 akcie na p\u0159edkupn\u00ed pr\u00e1vo umo\u017e\u0148uj\u00ed vynechat slo\u017eit\u00e9 procesy pot\u0159ebn\u00e9 pro vyd\u00e1n\u00ed akci\u00ed a umo\u017e\u0148uj\u00ed odlo\u017eit hodnocen\u00ed hodnoty spole\u010dnosti (valuace) v seed f\u00e1zi do budoucnosti. Vzhledem k tomu, \u017ee je obt\u00ed\u017en\u00e9 hodnotit hodnotu spole\u010dnosti v seed f\u00e1zi, mo\u017enost odlo\u017eit toto hodnocen\u00ed p\u0159in\u00e1\u0161\u00ed v\u00fdhody nejen pro startupy, kter\u00e9 p\u0159ij\u00edmaj\u00ed investice, ale tak\u00e9 pro investory.<\/p>\n\n\n\n<p>To, \u017ee investi\u010dn\u00edm c\u00edlem J-KISS jsou nov\u00e9 akcie na p\u0159edkupn\u00ed pr\u00e1vo, ovliv\u0148uje tak\u00e9 obsah investi\u010dn\u00ed smlouvy. Zat\u00edmco b\u011b\u017en\u00e9 financov\u00e1n\u00ed startup\u016f se prov\u00e1d\u00ed vyd\u00e1n\u00edm akci\u00ed, obvykl\u00e9 smlouvy t\u00fdkaj\u00edc\u00ed se investic do akci\u00ed zahrnuj\u00ed smlouvu o p\u0159evzet\u00ed akci\u00ed a smlouvu mezi akcion\u00e1\u0159i.<\/p>\n\n\n\n<p>Smlouva o p\u0159evzet\u00ed akci\u00ed je smlouva, kter\u00e1 stanovuje \u010d\u00e1stku, kterou investor investuje do startupu, a akcie, kter\u00e9 z\u00edsk\u00e1v\u00e1 jako protihodnotu. Smluvn\u00edmi stranami jsou investor a startup. Smlouva mezi akcion\u00e1\u0159i je smlouva uzav\u0159en\u00e1 mezi akcion\u00e1\u0159i, kter\u00e1 m\u00e1 za c\u00edl umo\u017enit investorovi vykon\u00e1vat ur\u010ditou kontrolu nad d\u016fle\u017eit\u00fdmi z\u00e1le\u017eitostmi t\u00fdkaj\u00edc\u00edmi se \u0159\u00edzen\u00ed investovan\u00e9ho startupu.<\/p>\n\n\n\n<p>V mnoha p\u0159\u00edpadech jsou zakladatel\u00e9 startup\u016f akcion\u00e1\u0159i s v\u00edce ne\u017e 50% pod\u00edlem. Podle japonsk\u00e9ho obchodn\u00edho z\u00e1kon\u00edku (Japanese Company Law) mohou akcion\u00e1\u0159i s v\u00edce ne\u017e 50% pod\u00edlem rozhodovat o z\u00e1le\u017eitostech t\u00fdkaj\u00edc\u00edch se \u0159\u00edzen\u00ed spole\u010dnosti bez souhlasu ostatn\u00edch akcion\u00e1\u0159\u016f, s v\u00fdjimkou ur\u010dit\u00fdch d\u016fle\u017eit\u00fdch z\u00e1le\u017eitost\u00ed. Nicm\u00e9n\u011b, investo\u0159i, kte\u0159\u00ed investuj\u00ed do startup\u016f, obvykle po\u017eaduj\u00ed ur\u010ditou \u00fa\u010dast na \u0159\u00edzen\u00ed bez ohledu na sv\u016fj pod\u00edl. Aby bylo mo\u017en\u00e9 dos\u00e1hnout tohoto c\u00edle investor\u016f, je nutn\u00e9 uzav\u0159\u00edt smlouvu mezi akcion\u00e1\u0159i s existuj\u00edc\u00edmi akcion\u00e1\u0159i, v\u010detn\u011b zakladatel\u016f, a stanovit, \u017ee je t\u0159eba po\u017eadovat p\u0159edchoz\u00ed schv\u00e1len\u00ed pro ur\u010dit\u00e9 d\u016fle\u017eit\u00e9 z\u00e1le\u017eitosti.<\/p>\n\n\n\n<p>Podrobnosti o b\u011b\u017en\u00fdch investi\u010dn\u00edch smlouv\u00e1ch jsou podrobn\u011b vysv\u011btleny v n\u00e1sleduj\u00edc\u00edch \u010dl\u00e1nc\u00edch.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-and-shareholder-agreement\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-and-shareholder-agreement[ja]<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/importance-and-necessity-of-investment-contract[ja]<\/a><\/p>\n\n\n\n<p>Proto, kdy\u017e startupy cht\u011bj\u00ed z\u00edskat financov\u00e1n\u00ed prost\u0159ednictv\u00edm akci\u00ed, investi\u010dn\u00ed smlouvy, kter\u00e9 jsou pot\u0159ebn\u00e9, se \u010dasto st\u00e1vaj\u00ed velmi rozs\u00e1hl\u00e9. Na druhou stranu, proto\u017ee investi\u010dn\u00edm c\u00edlem J-KISS nejsou akcie, ale nov\u00e9 akcie na p\u0159edkupn\u00ed pr\u00e1vo, nen\u00ed t\u0159eba stanovit tolik polo\u017eek jako u akci\u00ed. Proto jsou p\u0159i p\u0159ij\u00edm\u00e1n\u00ed investic pomoc\u00ed J-KISS pot\u0159ebn\u00e9 pouze minim\u00e1ln\u00ed smluvn\u00ed jedn\u00e1n\u00ed a po\u010det polo\u017eek, kter\u00e9 by m\u011bly b\u00fdt stanoveny v term sheet, je velmi mal\u00fd.<\/p>\n\n\n\n<p>Podrobnosti o J-KISS jsou podrobn\u011b vysv\u011btleny v n\u00e1sleduj\u00edc\u00edm \u010dl\u00e1nku.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/financing-mechanism-j-kiss\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/financing-mechanism-j-kiss[ja]<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Body_ktere_by_mely_byt_stanoveny_na_term_sheetu_J-KISS_investic\"><\/span>Body, kter\u00e9 by m\u011bly b\u00fdt stanoveny na term sheetu J-KISS investic<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/05\/shutterstock_1466352383-1024x683.jpg\" alt=\"\" class=\"wp-image-9554\" \/><\/figure>\n\n\n\n<p>P\u0159i investic\u00edch pomoc\u00ed J-KISS jsou hlavn\u00ed body, kter\u00e9 by m\u011bly b\u00fdt stanoveny na term sheetu v d\u016fsledku jedn\u00e1n\u00ed mezi investorem a startupem, n\u00e1sleduj\u00edc\u00ed:<\/p>\n\n\n\n<ul>\n<li> \u010c\u00e1stka financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed <\/li>\n\n\n\n<li> Valua\u010dn\u00ed klobouk jako maxim\u00e1ln\u00ed hodnota p\u0159i stanoven\u00ed konverzn\u00ed ceny <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Castka_financovani_serie_A_ktera_se_stava_spoustecem_konverze_novych_akcii\"><\/span>\u010c\u00e1stka financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed<br><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>V J-KISS se nov\u00e9 akcie konvertuj\u00ed na akcie, kdy\u017e dojde k financov\u00e1n\u00ed s\u00e9rie A. To znamen\u00e1, \u017ee financov\u00e1n\u00ed s\u00e9rie A se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed.<\/p>\n\n\n\n<p>Probl\u00e9m je v \u010d\u00e1stce financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze nov\u00fdch akci\u00ed. V J-KISS \u0161ablon\u011b je nastavena na 100 milion\u016f jen\u016f, tak\u017ee tato \u010d\u00e1stka je ur\u010dit\u00fdm vod\u00edtkem, ale \u010d\u00e1stka financov\u00e1n\u00ed, kter\u00e1 by m\u011bla b\u00fdt spou\u0161t\u011b\u010dem konverze, se m\u016f\u017ee m\u011bnit v z\u00e1vislosti na podnik\u00e1n\u00ed atd. Jedn\u00edm z d\u016fvod\u016f, pro\u010d J-KISS zvolil nov\u00e9 akcie jako c\u00edl investice, bylo odlo\u017een\u00ed hodnocen\u00ed podnikov\u00e9 hodnoty do s\u00e9rie A. Pokud je tomu tak, p\u0159i stanoven\u00ed \u010d\u00e1stky financov\u00e1n\u00ed s\u00e9rie A, kter\u00e1 se st\u00e1v\u00e1 spou\u0161t\u011b\u010dem konverze, je t\u0159eba vz\u00edt v \u00favahu, \u017ee startup dos\u00e1hl f\u00e1ze, kdy je mo\u017en\u00e9 hodnotit podnikovou hodnotu.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Valuacni_klobouk_jako_maximalni_hodnota_pri_stanoveni_konverzni_ceny\"><\/span>Valua\u010dn\u00ed klobouk jako maxim\u00e1ln\u00ed hodnota p\u0159i stanoven\u00ed konverzn\u00ed ceny<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Metoda_vypoctu_konverzni_ceny_pomoci_valuacniho_klobouku\"><\/span>Metoda v\u00fdpo\u010dtu konverzn\u00ed ceny pomoc\u00ed valua\u010dn\u00edho klobouku<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>V J-KISS je konverzn\u00ed cena nov\u00fdch akci\u00ed stanovena tak, \u017ee se aplikuje ur\u010dit\u00e1 sleva na n\u00e1kupn\u00ed cenu akci\u00ed vyd\u00e1van\u00fdch p\u0159i financov\u00e1n\u00ed s\u00e9rie A. Nicm\u00e9n\u011b, pokud je pou\u017eita pouze metoda v\u00fdpo\u010dtu pomoc\u00ed slevy, pro investory J-KISS plat\u00ed, \u017ee \u010d\u00edm vy\u0161\u0161\u00ed je podnikov\u00e1 hodnota v dob\u011b konverze nov\u00fdch akci\u00ed, t\u00edm m\u00e9n\u011b akci\u00ed mohou z\u00edskat. To by mohlo v\u00e9st k konfliktu mezi touhou startupu zv\u00fd\u0161it podnikovou hodnotu a z\u00e1jmy investor\u016f J-KISS. Proto J-KISS umo\u017e\u0148uje nejen metodu v\u00fdpo\u010dtu pomoc\u00ed slevy, ale tak\u00e9 metodu v\u00fdpo\u010dtu konverzn\u00ed ceny pomoc\u00ed valua\u010dn\u00edho klobouku (maxim\u00e1ln\u00ed hodnota hodnocen\u00ed podnikov\u00e9 hodnoty).<\/p>\n\n\n\n<p>Konkr\u00e9tn\u011b, valua\u010dn\u00ed klobouk je stanoven v investi\u010dn\u00ed smlouv\u011b a konverzn\u00ed cena je vypo\u010d\u00edt\u00e1na d\u011blen\u00edm valua\u010dn\u00edho klobouku celkov\u00fdm po\u010dtem vyd\u00e1van\u00fdch akci\u00ed t\u011bsn\u011b p\u0159ed financov\u00e1n\u00edm s\u00e9rie A.<\/p>\n\n\n\n<p>Po\u010det vyd\u00e1van\u00fdch akci\u00ed t\u011bsn\u011b p\u0159ed financov\u00e1n\u00edm s\u00e9rie A je jednozna\u010dn\u011b stanoven, tak\u017ee pokud se pou\u017e\u00edv\u00e1 metoda v\u00fdpo\u010dtu konverzn\u00ed ceny pomoc\u00ed valua\u010dn\u00edho klobouku, body, kter\u00e9 by m\u011bly b\u00fdt stanoveny v jedn\u00e1n\u00edch o investi\u010dn\u00ed smlouv\u011b J-KISS, jsou \u010d\u00e1stka valua\u010dn\u00edho klobouku.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Jak_stanovit_valuacni_klobouk\"><\/span>Jak stanovit valua\u010dn\u00ed klobouk<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Po\u010det akci\u00ed, kter\u00e9 m\u016f\u017ee investor J-KISS dr\u017eet, je ur\u010den \u010d\u00e1stkou valua\u010dn\u00edho klobouku. Proto by m\u011bli investo\u0159i a startupy zv\u00e1\u017eit, kolik akci\u00ed by bylo spravedliv\u00e9 nechat investora dr\u017eet p\u0159i stanoven\u00ed valua\u010dn\u00edho klobouku.<\/p>\n\n\n\n<p>Nav\u00edc, \u010d\u00e1stka valua\u010dn\u00edho klobouku je stanovena jedn\u00e1n\u00edm mezi investorem a startupem, tak\u017ee \u010d\u00e1stka se m\u016f\u017ee m\u011bnit v z\u00e1vislosti na faktorech, jako je to, zda je zakladatel slavn\u00fd, nebo zda je startup popul\u00e1rn\u00ed mezi investory. Nicm\u00e9n\u011b, vy\u0161\u0161\u00ed valuace nen\u00ed nutn\u011b lep\u0161\u00ed. Pokud je po\u010d\u00e1te\u010dn\u00ed valuace p\u0159\u00edli\u0161 vysok\u00e1, m\u016f\u017ee b\u00fdt t\u011b\u017ek\u00e9 z\u00edskat financov\u00e1n\u00ed v dal\u0161\u00edch kolech, tak\u017ee je t\u0159eba b\u00fdt opatrn\u00fd. Toto jedn\u00e1n\u00ed o valua\u010dn\u00edm klobouku je hlavn\u00edm bodem investic J-KISS.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shrnuti\"><\/span>Shrnut\u00ed<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jak jsme vid\u011bli, jednou z charakteristik J-KISS (Japonsk\u00fd ~) je, \u017ee p\u0159i investov\u00e1n\u00ed je na term sheetu velmi m\u00e1lo polo\u017eek k rozhodnut\u00ed a p\u0159edm\u011bt\u016f k jedn\u00e1n\u00ed je minim\u00e1ln\u011b pot\u0159eba.<\/p>\n\n\n\n<p>P\u0159i investov\u00e1n\u00ed pomoc\u00ed J-KISS se nov\u00e9 akcie, kter\u00e9 investor z\u00edskal, obvykle p\u0159evedou na b\u011b\u017en\u00e9 akcie v s\u00e9rii A. Proto jsou podm\u00ednky pro p\u0159evod a po\u010det akci\u00ed, kter\u00e9 investor bude po p\u0159evodu dr\u017eet, d\u016fle\u017eit\u00fdmi body jedn\u00e1n\u00ed. Zejm\u00e9na pod\u00edl akci\u00ed investor\u016f, kte\u0159\u00ed nejsou zakladateli, m\u016f\u017ee ovlivnit budouc\u00ed kapit\u00e1lovou politiku, tak\u017ee je pro startupy nezbytn\u00e9 to d\u016fkladn\u011b zv\u00e1\u017eit. Jak\u00e1 jedn\u00e1n\u00ed by m\u011bla b\u00fdt provedena, se m\u016f\u017ee li\u0161it v z\u00e1vislosti na charakteristik\u00e1ch investora a podnikatelsk\u00e9m obsahu startupu, tak\u017ee doporu\u010dujeme konzultovat s odborn\u00edky, jako jsou pr\u00e1vn\u00edci, kdy\u017e p\u0159ij\u00edm\u00e1te investice pomoc\u00ed J-KISS.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>J-KISS, co\u017e je syst\u00e9m umo\u017e\u0148uj\u00edc\u00ed rychl\u00e9 a jednoduch\u00e9 investice p\u0159edev\u0161\u00edm do startup\u016f v seed f\u00e1zi, m\u00e1 p\u0159ipravenou \u0161ablonu investi\u010dn\u00ed smlouvy pod dohledem pr\u00e1vn\u00edk\u016f a dal\u0161\u00edch odborn\u00edk\u016f. D\u00edky tomu nejsou  [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":62455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,27],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60944"}],"collection":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/comments?post=60944"}],"version-history":[{"count":3,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60944\/revisions"}],"predecessor-version":[{"id":62504,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/60944\/revisions\/62504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/62455"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=60944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=60944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=60944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}