{"id":61360,"date":"2023-12-08T20:25:31","date_gmt":"2023-12-08T11:25:31","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=61360"},"modified":"2024-03-26T14:17:16","modified_gmt":"2024-03-26T05:17:16","slug":"exit-by-ipo-m-and-a","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a","title":{"rendered":"Metody EXIT prost\u0159ednictv\u00edm IPO a M&amp;A"},"content":{"rendered":"\n<p>Zakladatel\u00e9 startup\u016f a investo\u0159i, kte\u0159\u00ed investuj\u00ed do akciov\u00fdch spole\u010dnost\u00ed jako jsou startupy, jednaj\u00ed s c\u00edlem dos\u00e1hnout zisku. Nicm\u00e9n\u011b, zp\u016fsoby, jak dos\u00e1hnout zisku, nejsou omezeny na jednu metodu, existuje mnoho r\u016fzn\u00fdch p\u0159\u00edstup\u016f. V tomto \u010dl\u00e1nku vysv\u011btl\u00edme metody EXITu prost\u0159ednictv\u00edm IPO a M&amp;A, kter\u00e9 jsou typick\u00fdmi zp\u016fsoby, jak zakladatel\u00e9 startup\u016f a investo\u0159i dosahuj\u00ed zisku.<\/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\/exit-by-ipo-m-and-a\/#Co_je_EXIT\" title=\"Co je EXIT\">Co je EXIT<\/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\/exit-by-ipo-m-and-a\/#Metody_EXITu\" title=\"Metody EXITu\">Metody EXITu<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#EXIT_prostrednictvim_verejne_nabidky_akcii_IPO\" title=\"EXIT prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)\">EXIT prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Co_je_to_verejna_nabidka_akcii_IPO\" title=\"Co je to ve\u0159ejn\u00e1 nab\u00eddka akci\u00ed (IPO)\">Co je to ve\u0159ejn\u00e1 nab\u00eddka akci\u00ed (IPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Mechanismus_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\" title=\"Mechanismus EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)\">Mechanismus EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Vyhody_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\" title=\"V\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)\">V\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Nevyhody_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\" title=\"Nev\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)\">Nev\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#EXIT_prostrednictvim_M_A\" title=\"EXIT prost\u0159ednictv\u00edm M&amp;A\">EXIT prost\u0159ednictv\u00edm M&amp;A<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Co_je_M_A\" title=\"Co je M&amp;A\">Co je M&amp;A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Mechanismus_EXITu_prostrednictvim_M_A\" title=\"Mechanismus EXITu prost\u0159ednictv\u00edm M&amp;A\">Mechanismus EXITu prost\u0159ednictv\u00edm M&amp;A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Vyhody_EXITu_prostrednictvim_M_A\" title=\"V\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A\">V\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Nevyhody_EXITu_prostrednictvim_M_A\" title=\"Nev\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A\">Nev\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/exit-by-ipo-m-and-a\/#Shrnuti\" title=\"Shrnut\u00ed\">Shrnut\u00ed<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_je_EXIT\"><\/span>Co je EXIT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EXIT je koncept pou\u017e\u00edvan\u00fd v oblasti startup\u016f a obnovy podnik\u016f. Znamen\u00e1 to, \u017ee zakladatel\u00e9 startup\u016f, investi\u010dn\u00ed fondy nebo venture kapit\u00e1lov\u00e9 spole\u010dnosti (VC) z\u00edsk\u00e1vaj\u00ed zp\u011bt sv\u016fj investovan\u00fd kapit\u00e1l a vyd\u011bl\u00e1vaj\u00ed zisk prost\u0159ednictv\u00edm prodeje akci\u00ed nebo f\u00faz\u00ed a akvizic (M&amp;A). Jednodu\u0161e \u0159e\u010deno, zakladatel\u00e9 startup\u016f a investo\u0159i vyd\u011bl\u00e1vaj\u00ed zisk investov\u00e1n\u00edm do startup\u016f. EXIT je tak\u00e9 n\u011bkdy ozna\u010dov\u00e1n jako &#8220;Harvesting&#8221;, co\u017e znamen\u00e1 sklize\u0148, v nar\u00e1\u017ece na z\u00edsk\u00e1n\u00ed zisku.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Metody_EXITu\"><\/span>Metody EXITu<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Co se t\u00fd\u010de metod EXITu, m\u016f\u017eeme je zjednodu\u0161en\u011b rozd\u011blit do n\u00e1sleduj\u00edc\u00edch dvou kategori\u00ed.<\/p>\n\n\n\n<ul>\n<li>EXIT prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<\/li>\n\n\n\n<li>EXIT prost\u0159ednictv\u00edm f\u00faz\u00ed a akvizic (M&amp;A)<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXIT_prostrednictvim_verejne_nabidky_akcii_IPO\"><\/span>EXIT prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Jednou z mo\u017enost\u00ed, kterou lze zv\u00e1\u017eit, je EXIT prost\u0159ednictv\u00edm IPO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_je_to_verejna_nabidka_akcii_IPO\"><\/span>Co je to ve\u0159ejn\u00e1 nab\u00eddka akci\u00ed (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith.law\/wp-content\/uploads\/2020\/02\/shutterstock_318368702-1024x683.jpg\" alt=\"\" class=\"wp-image-7173\" \/><figcaption class=\"wp-element-caption\">Vysv\u011btl\u00edme, co je to EXIT prost\u0159ednictv\u00edm IPO.<\/figcaption><\/figure>\n\n\n\n<p>IPO je zkratka pro initial public offering, co\u017e se v \u010de\u0161tin\u011b ozna\u010duje jako ve\u0159ejn\u00e1 nab\u00eddka akci\u00ed, uveden\u00ed akci\u00ed na burzu nebo prim\u00e1rn\u00ed emise akci\u00ed. Znamen\u00e1 to, \u017ee akcie spole\u010dnosti jsou uvedeny na burze a jsou ve\u0159ejn\u011b nab\u00edzeny, tak\u017ee je kdokoli m\u016f\u017ee zakoupit.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/blockchain\/comparison-ico-ipo\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/blockchain\/comparison-ico-ipo[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mechanismus_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\"><\/span>Mechanismus EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Za\u010dn\u011bme t\u00edm, \u017ee se pod\u00edv\u00e1me na v\u011bc z pohledu zakladatel\u016f startup\u016f. Zakladatel\u00e9 startup\u016f, jak je samoz\u0159ejm\u00e9, vlastn\u00ed v\u011bt\u0161inu akci\u00ed dan\u00e9 spole\u010dnosti. Kdy\u017e dojde k IPO, hodnota akci\u00ed obecn\u011b prudce stoupne. To znamen\u00e1, \u017ee zakladatel\u00e9 startup\u016f mohou prodat akcie, kter\u00e9 vlastn\u00ed, za vysokou cenu po IPO a z\u00edskat tak zisk. Pod\u00edvejme se nyn\u00ed na v\u011bc z pohledu investor\u016f, jako jsou nap\u0159\u00edklad venture kapit\u00e1lov\u00e9 fondy (VC).<\/p>\n\n\n\n<p>Investo\u0159i, jako jsou VC, nejprve posuzuj\u00ed, zda je podnik\u00e1n\u00ed startupu a dal\u0161\u00ed faktory takov\u00e9, \u017ee je pravd\u011bpodobn\u00e9, \u017ee spole\u010dnost v budoucnu poroste. Pokud se rozhodnou, \u017ee spole\u010dnost m\u00e1 potenci\u00e1l pro budouc\u00ed r\u016fst, investuj\u00ed do dan\u00e9ho startupu a zakoup\u00ed jeho akcie. V t\u00e9to f\u00e1zi je spole\u010dnost je\u0161t\u011b p\u0159ed r\u016fstem, tak\u017ee investo\u0159i, jako jsou VC, mohou akcie zakoupit za relativn\u011b n\u00edzkou cenu. Pot\u00e9, v z\u00e1vislosti na situaci, mohou poskytnout podporu ve form\u011b poradenstv\u00ed veden\u00ed startupu s c\u00edlem dos\u00e1hnout IPO. To znamen\u00e1, \u017ee investo\u0159i, jako jsou VC, mohou prodat akcie, kter\u00e9 zakoupili za relativn\u011b n\u00edzkou cenu p\u0159ed IPO, za vysokou cenu po IPO a z\u00edskat tak zisk. Tento mechanismus umo\u017e\u0148uje EXIT prost\u0159ednictv\u00edm IPO.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhody_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\"><\/span>V\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jednou z hlavn\u00edch v\u00fdhod EXITu prost\u0159ednictv\u00edm IPO je mo\u017enost dos\u00e1hnout velk\u00e9ho zisku. Zakladatel\u00e9 startup\u016f obvykle vlastn\u00ed velk\u00e9 mno\u017estv\u00ed akci\u00ed za velmi n\u00edzkou cenu. Investo\u0159i, jako jsou VC, mohou tak\u00e9 zakoupit velk\u00e9 mno\u017estv\u00ed akci\u00ed za velmi n\u00edzkou cenu, pokud je startup v po\u010d\u00e1te\u010dn\u00ed f\u00e1zi. Pokud byly po\u010d\u00e1te\u010dn\u00ed n\u00e1klady n\u00edzk\u00e9, prodejem akci\u00ed, jejich\u017e hodnota vzrostla, je mo\u017en\u00e9 dos\u00e1hnout velk\u00e9ho zisku.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhody_EXITu_prostrednictvim_verejne_nabidky_akcii_IPO\"><\/span>Nev\u00fdhody EXITu prost\u0159ednictv\u00edm ve\u0159ejn\u00e9 nab\u00eddky akci\u00ed (IPO)<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jednou z nev\u00fdhod EXITu prost\u0159ednictv\u00edm IPO je riziko, \u017ee EXIT nebude mo\u017en\u00fd. Aby bylo mo\u017en\u00e9 prov\u00e9st IPO, je nutn\u00e9, aby startup dos\u00e1hl takov\u00e9ho r\u016fstu, \u017ee by byl schopen obst\u00e1t v procesu p\u0159ezkoum\u00e1n\u00ed pro uveden\u00ed na burzu. Existuj\u00ed v\u0161ak p\u0159\u00edpady, kdy nen\u00ed mo\u017en\u00e9 dos\u00e1hnout takov\u00e9ho r\u016fstu a je nutn\u00e9 vzd\u00e1t se IPO. V takov\u00e9m p\u0159\u00edpad\u011b, jak je samoz\u0159ejm\u00e9, nen\u00ed mo\u017en\u00e9 dos\u00e1hnout zisku prost\u0159ednictv\u00edm EXITu pomoc\u00ed IPO. Dal\u0161\u00ed nev\u00fdhodou je, \u017ee proces uveden\u00ed startupu na burzu vy\u017eaduje velk\u00e9 \u00fasil\u00ed. Tento fakt, \u017ee EXIT prost\u0159ednictv\u00edm IPO vy\u017eaduje velk\u00e9 \u00fasil\u00ed, je tak\u00e9 jednou z nev\u00fdhod EXITu prost\u0159ednictv\u00edm IPO.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXIT_prostrednictvim_M_A\"><\/span>EXIT prost\u0159ednictv\u00edm M&amp;A<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\/02\/shutterstock_1413966269-1024x683.jpg\" alt=\"\" class=\"wp-image-7174\" \/><figcaption class=\"wp-element-caption\">Nyn\u00ed v\u00e1m vysv\u011btl\u00edme, co znamen\u00e1 EXIT prost\u0159ednictv\u00edm M&amp;A.<\/figcaption><\/figure>\n\n\n\n<p>Druhou mo\u017enost\u00ed, kterou bychom m\u011bli zv\u00e1\u017eit, je EXIT prost\u0159ednictv\u00edm M&amp;A.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Co_je_M_A\"><\/span>Co je M&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A je zkratka pro Mergers (slou\u010den\u00ed) a Acquisitions (akvizice), co\u017e znamen\u00e1 slou\u010den\u00ed a akvizice firem. V z\u00e1vislosti na kontextu se m\u016f\u017ee pojem M&amp;A pou\u017e\u00edvat i pro ozna\u010den\u00ed podnikov\u00fdch alianc\u00ed.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/merger-acquisition\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/merger-acquisition[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mechanismus_EXITu_prostrednictvim_M_A\"><\/span>Mechanismus EXITu prost\u0159ednictv\u00edm M&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A je metoda, p\u0159i kter\u00e9 se zisk z\u00edsk\u00e1v\u00e1 prodejem firmy nebo jej\u00edho podnik\u00e1n\u00ed. Konkr\u00e9tn\u011b, kdy\u017e firma roste a jej\u00ed hodnota se zvy\u0161uje, m\u016f\u017ee se zisk z\u00edskat prodejem firmy nebo jej\u00edho podnik\u00e1n\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Vyhody_EXITu_prostrednictvim_M_A\"><\/span>V\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jednou z v\u00fdhod M&amp;A je mo\u017enost EXITu i bez dosa\u017een\u00ed IPO. Existuje mnoho p\u0159\u00edpad\u016f, kdy hodnota firmy roste, ale nedosahuje a\u017e k IPO. V takov\u00e9m p\u0159\u00edpad\u011b m\u016f\u017ee b\u00fdt zisk z\u00edsk\u00e1n prost\u0159ednictv\u00edm EXITu M&amp;A. Z pohledu investor\u016f, jako jsou nap\u0159\u00edklad VC, je v\u00fdhodou M&amp;A mo\u017enost jist\u00e9ho prodeje akci\u00ed, co\u017e eliminuje riziko, \u017ee se nenajde kupuj\u00edc\u00ed akci\u00ed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Nevyhody_EXITu_prostrednictvim_M_A\"><\/span>Nev\u00fdhody EXITu prost\u0159ednictv\u00edm M&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jednou z nev\u00fdhod EXITu prost\u0159ednictv\u00edm M&amp;A je p\u0159echod \u0159\u00edzen\u00ed firmy od sou\u010dasn\u00e9ho managementu k nov\u00e9mu. I kdy\u017e dojde k p\u0159echodu \u0159\u00edzen\u00ed, z pohledu investor\u016f, jako jsou nap\u0159\u00edklad VC, to nen\u00ed pova\u017eov\u00e1no za nev\u00fdhodu. Nicm\u00e9n\u011b, z pohledu zakladatel\u016f startup\u016f a podobn\u00fdch firem, m\u016f\u017ee b\u00fdt nev\u00fdhodou skute\u010dnost, \u017ee po p\u0159echodu \u0159\u00edzen\u00ed ji\u017e nemohou b\u00fdt zapojeni do \u0159\u00edzen\u00ed firmy. Dal\u0161\u00ed nev\u00fdhodou EXITu prost\u0159ednictv\u00edm M&amp;A je riziko \u00faniku informac\u00ed. P\u0159i prov\u00e1d\u011bn\u00ed M&amp;A, kupuj\u00edc\u00ed strana neud\u011bl\u00e1 rozhodnut\u00ed o akvizici bez jak\u00e9hokoli pr\u016fzkumu, ale provede d\u016fkladnou due diligence (DD) a na z\u00e1klad\u011b toho se rozhodne pro akvizici. V tomto p\u0159\u00edpad\u011b je nutn\u00e9, aby prod\u00e1vaj\u00edc\u00ed strana poskytla kupuj\u00edc\u00ed stran\u011b ur\u010dit\u00e9 informace, co\u017e m\u016f\u017ee v\u00e9st k riziku \u00faniku informac\u00ed. Aby se p\u0159ede\u0161lo takov\u00e9mu \u00faniku informac\u00ed, je d\u016fle\u017eit\u00e9 uzav\u0159\u00edt pe\u010dlivou dohodu o zachov\u00e1n\u00ed tajemstv\u00ed.<\/p>\n\n\n\n<p>Dal\u0161\u00ed nev\u00fdhodou EXITu prost\u0159ednictv\u00edm M&amp;A je nutnost p\u00e9\u010de o zam\u011bstnance. V z\u00e1vislosti na obsahu smlouvy o M&amp;A m\u016f\u017ee b\u00fdt p\u0159evod pracovn\u00edch vztah\u016f se zam\u011bstnanci sou\u010d\u00e1st\u00ed M&amp;A. To m\u016f\u017ee v\u00e9st ke zm\u011bn\u00e1m v pracovn\u00edm prost\u0159ed\u00ed a dosavadn\u00edch pracovn\u00edch vztaz\u00edch, co\u017e m\u016f\u017ee zt\u00ed\u017eit pr\u00e1ci zam\u011bstnanc\u016fm. Zam\u011bstnanci jsou d\u016fle\u017eit\u00fdm majetkem firmy, tak\u017ee nutnost p\u00e9\u010de o zam\u011bstnance m\u016f\u017ee b\u00fdt pova\u017eov\u00e1na za nev\u00fdhodu.<\/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>V\u00fd\u0161e jsme vysv\u011btlili metody EXIT prost\u0159ednictv\u00edm IPO a M&amp;A. Zakladatel\u00e9 startup\u016f a investo\u0159i, kte\u0159\u00ed investuj\u00ed do akciov\u00fdch spole\u010dnost\u00ed jako jsou startupy, maj\u00ed obecn\u011b spole\u010dn\u00fd c\u00edl z\u00edskat zisk z investic. Proto se o\u010dek\u00e1v\u00e1, \u017ee porozum\u011bn\u00ed metod\u00e1m EXITu pom\u016f\u017ee sjednotit kroky zakladatel\u016f startup\u016f a investor\u016f. Proto je d\u016fle\u017eit\u00e9 pevn\u011b porozum\u011bt IPO a M&amp;A, kter\u00e9 jsou typick\u00fdmi metodami EXITu. Pro metody EXITu prost\u0159ednictv\u00edm IPO a M&amp;A je vy\u017eadov\u00e1na odborn\u00e1 znalost, jako je znalost japonsk\u00e9ho obchodn\u00edho z\u00e1kon\u00edku (Japanese Company Law), tak\u017ee pokud m\u00e1te obavy z porozum\u011bn\u00ed metod\u00e1m EXITu prost\u0159ednictv\u00edm IPO a M&amp;A, doporu\u010dujeme se poradit s pr\u00e1vn\u00edkem.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Zakladatel\u00e9 startup\u016f a investo\u0159i, kte\u0159\u00ed investuj\u00ed do akciov\u00fdch spole\u010dnost\u00ed jako jsou startupy, jednaj\u00ed s c\u00edlem dos\u00e1hnout zisku. Nicm\u00e9n\u011b, zp\u016fsoby, jak dos\u00e1hnout zisku, nejsou omezeny na jednu metodu, e [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":63322,"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\/61360"}],"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=61360"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61360\/revisions"}],"predecessor-version":[{"id":63323,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61360\/revisions\/63323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/63322"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=61360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=61360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=61360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}