{"id":61376,"date":"2023-12-08T20:25:32","date_gmt":"2023-12-08T11:25:32","guid":{"rendered":"https:\/\/monolith.law\/cs\/?p=61376"},"modified":"2024-03-26T09:02:59","modified_gmt":"2024-03-26T00:02:59","slug":"seedround-conclusion-investment-contract","status":"publish","type":"post","link":"https:\/\/monolith.law\/cs\/general-corporate\/seedround-conclusion-investment-contract","title":{"rendered":"Nutnost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round"},"content":{"rendered":"\n<p>Pokud jde o startupy v seed f\u00e1zi, veden\u00ed startupu \u010dasto m\u00e1 mnoho jin\u00fdch priorit ne\u017e pr\u00e1vn\u00ed z\u00e1le\u017eitosti, a tak pr\u00e1vn\u00ed ot\u00e1zky mohou b\u00fdt odsunuty stranou. N\u011bkdy uzav\u0159ou smlouvy bez konzultace s odborn\u00edky, jako jsou pr\u00e1vn\u00edci nebo not\u00e1\u0159i. Tak\u00e9 je mo\u017en\u00e9, \u017ee veden\u00ed firmy nem\u00e1 dostate\u010dn\u00e9 znalosti pr\u00e1vn\u00edch z\u00e1le\u017eitost\u00ed nebo je k nim lhostejn\u00e9.<br> Nicm\u00e9n\u011b, pokud se pr\u00e1vn\u00ed z\u00e1le\u017eitosti zanedb\u00e1vaj\u00ed, mohou se pozd\u011bji objevit neo\u010dek\u00e1van\u00e9 probl\u00e9my nebo probl\u00e9my, kter\u00e9 nelze napravit. V tomto \u010dl\u00e1nku vysv\u011btl\u00edme d\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed f\u00e1zi.<\/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<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\/seedround-conclusion-investment-contract\/#Co_je_Seed_round\" title=\"Co je Seed round\">Co je Seed round<\/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\/seedround-conclusion-investment-contract\/#Dulezitost_uzavreni_investicni_smlouvy_v_seed_round\" title=\"D\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round\">D\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round<\/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\/seedround-conclusion-investment-contract\/#Rizika_spojena_s_neuzavrenim_investicni_smlouvy_v_seed_round\" title=\"Rizika spojen\u00e1 s neuzav\u0159en\u00edm investi\u010dn\u00ed smlouvy v seed round\">Rizika spojen\u00e1 s neuzav\u0159en\u00edm investi\u010dn\u00ed smlouvy v seed round<\/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\/seedround-conclusion-investment-contract\/#Riziko_nejasnosti_ohledne_pouziti_penez_ktere_investor_zaplatil\" title=\"Riziko nejasnosti ohledn\u011b pou\u017eit\u00ed pen\u011bz, kter\u00e9 investor zaplatil\">Riziko nejasnosti ohledn\u011b pou\u017eit\u00ed pen\u011bz, kter\u00e9 investor zaplatil<\/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\/seedround-conclusion-investment-contract\/#Riziko_snizeni_moznosti_vyhnout_se_problemum_mezi_podnikatelem_a_investorem\" title=\"Riziko sn\u00ed\u017een\u00ed mo\u017enosti vyhnout se probl\u00e9m\u016fm mezi podnikatelem a investorem\">Riziko sn\u00ed\u017een\u00ed mo\u017enosti vyhnout se probl\u00e9m\u016fm mezi podnikatelem a investorem<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/seedround-conclusion-investment-contract\/#Na_co_si_dat_pozor_pri_uzavirani_investicni_smlouvy_v_seed_round\" title=\"Na co si d\u00e1t pozor p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy v seed round\">Na co si d\u00e1t pozor p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy v seed round<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/seedround-conclusion-investment-contract\/#Premyslet_o_vztahu_s_podilem_na_akciich\" title=\"P\u0159em\u00fd\u0161let o vztahu s pod\u00edlem na akci\u00edch\">P\u0159em\u00fd\u0161let o vztahu s pod\u00edlem na akci\u00edch<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/seedround-conclusion-investment-contract\/#Premyslet_o_vyuziti_kapitalu\" title=\"P\u0159em\u00fd\u0161let o vyu\u017eit\u00ed kapit\u00e1lu\">P\u0159em\u00fd\u0161let o vyu\u017eit\u00ed kapit\u00e1lu<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/cs\/general-corporate\/seedround-conclusion-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=\"Co_je_Seed_round\"><\/span>Co je Seed round<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Seed round (kolo seed financov\u00e1n\u00ed) je zp\u016fsob z\u00edsk\u00e1v\u00e1n\u00ed kapit\u00e1lu pro startupy v tzv. seed f\u00e1zi. B\u011bhem seed roundu je b\u011b\u017en\u00e9 z\u00edsk\u00e1vat financov\u00e1n\u00ed od inkub\u00e1tor\u016f, akceler\u00e1tor\u016f, and\u011blsk\u00fdch investor\u016f a podobn\u011b. V t\u00e9to f\u00e1zi \u010dasto startupy je\u0161t\u011b neprov\u00e1d\u011bj\u00ed konkr\u00e9tn\u00ed obchodn\u00ed \u010dinnost, a tak investice jsou \u010dasto sm\u011b\u0159ov\u00e1ny na pl\u00e1nov\u00e1n\u00ed prototyp\u016f nebo obchodn\u00ed n\u00e1pady zakladatel\u016f. Nicm\u00e9n\u011b, investice mohou b\u00fdt tak\u00e9 poskytnuty na z\u00e1klad\u011b nad\u0161en\u00ed a osobnosti zakladatel\u016f.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Dulezitost_uzavreni_investicni_smlouvy_v_seed_round\"><\/span>D\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round<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\/01\/shutterstock_1090780847-1024x684.jpg\" alt=\"\" class=\"wp-image-6626\" \/><figcaption class=\"wp-element-caption\">Co je d\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round? Vysv\u011btl\u00edme n\u00ed\u017ee.<\/figcaption><\/figure>\n\n\n\n<p>Zakladatel\u00e9 s bohat\u00fdmi podnikatelsk\u00fdmi zku\u0161enostmi \u010dasto uzav\u00edraj\u00ed investi\u010dn\u00ed smlouvy v relativn\u011b ran\u00fdch f\u00e1z\u00edch, jako je seed round, d\u00edky sv\u00fdm r\u016fzn\u00fdm zku\u0161enostem. Nicm\u00e9n\u011b, ne v\u0161ichni zakladatel\u00e9 maj\u00ed bohat\u00e9 podnikatelsk\u00e9 zku\u0161enosti a \u010dasto se setk\u00e1v\u00e1me s p\u0159\u00edpady, kdy podnik\u00e1n\u00ed provozuj\u00ed zakladatel\u00e9 s omezen\u00fdmi nebo \u017e\u00e1dn\u00fdmi podnikatelsk\u00fdmi zku\u0161enostmi. V p\u0159\u00edpad\u011b zakladatel\u016f s omezen\u00fdmi nebo \u017e\u00e1dn\u00fdmi podnikatelsk\u00fdmi zku\u0161enostmi m\u016f\u017ee doj\u00edt k situaci, kdy si neuv\u011bdom\u00ed d\u016fle\u017eitost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round, p\u0159ijmou investice od investor\u016f, vydaj\u00ed akcie a provedou registraci, i kdy\u017e neuzav\u0159eli investi\u010dn\u00ed smlouvu.<\/p>\n\n\n\n<p>Jist\u011b, pokud se podnik\u00e1n\u00ed vyv\u00edj\u00ed \u00fasp\u011b\u0161n\u011b a veden\u00ed spole\u010dnosti a investo\u0159i jdou ruku v ruce, nen\u00ed d\u016fvod se ob\u00e1vat velk\u00fdch probl\u00e9m\u016f. Nicm\u00e9n\u011b, pokud se podnik\u00e1n\u00ed neda\u0159\u00ed a veden\u00ed spole\u010dnosti a investo\u0159i se neshoduj\u00ed, m\u016f\u017ee nedostatek investi\u010dn\u00ed smlouvy v\u00e9st k velk\u00fdm probl\u00e9m\u016fm.<\/p>\n\n\n\n<p>Proto je uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round d\u016fle\u017eit\u00e9 k zabr\u00e1n\u011bn\u00ed vzniku velk\u00fdch probl\u00e9m\u016f mezi veden\u00edm spole\u010dnosti a investory v budoucnosti. N\u00ed\u017ee vysv\u011btl\u00edme rizika, kter\u00e1 mohou vzniknout v d\u016fsledku neuzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round, a body, na kter\u00e9 je t\u0159eba se zam\u011b\u0159it p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy v seed round.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Rizika_spojena_s_neuzavrenim_investicni_smlouvy_v_seed_round\"><\/span>Rizika spojen\u00e1 s neuzav\u0159en\u00edm investi\u010dn\u00ed smlouvy v seed round<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Existuje \u0159ada rizik, kter\u00e1 mohou vzniknout, pokud neuzav\u0159ete investi\u010dn\u00ed smlouvu v seed round. <br> V n\u00e1sleduj\u00edc\u00edm textu vysv\u011btl\u00edme mo\u017en\u00e1 rizika spojen\u00e1 s neuzav\u0159en\u00edm investi\u010dn\u00ed smlouvy v seed round.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Riziko_nejasnosti_ohledne_pouziti_penez_ktere_investor_zaplatil\"><\/span>Riziko nejasnosti ohledn\u011b pou\u017eit\u00ed pen\u011bz, kter\u00e9 investor zaplatil<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Nap\u0159\u00edklad, m\u016f\u017eeme si p\u0159edstavit n\u00e1sleduj\u00edc\u00ed situaci.<\/p>\n\n\n\n<p class=\"has-very-light-gray-background-color has-background\">V seed round, investor A, po sly\u0161en\u00ed podnikatelsk\u00e9ho n\u00e1padu zakladatele spole\u010dnosti X, c\u00edtil potenci\u00e1l pro budoucnost a rozhodl se investovat do spole\u010dnosti X, a zaplatil j\u00ed pen\u00edze. Nicm\u00e9n\u011b, pozd\u011bji se investor A za\u010dal zaj\u00edmat o zakladatele spole\u010dnosti Y, kter\u00fd m\u011bl lep\u0161\u00ed n\u00e1pad, a rozhodl se, \u017ee chce investovat do spole\u010dnosti Y m\u00edsto do spole\u010dnosti X. Proto po\u017e\u00e1dal spole\u010dnost X o vr\u00e1cen\u00ed pen\u011bz. <br> Nicm\u00e9n\u011b, spole\u010dnost X je\u0161t\u011b nevydala akcie investorovi A ani nezaregistrovala vyd\u00e1n\u00ed akci\u00ed. <\/p>\n\n\n\n<p>V tomto p\u0159\u00edpad\u011b se m\u016f\u017ee zd\u00e1t, \u017ee investor A nem\u016f\u017ee po\u017eadovat vr\u00e1cen\u00ed pen\u011bz, kter\u00e9 zaplatil jako investici do spole\u010dnosti X. Nicm\u00e9n\u011b, v situaci, kdy neexistuje investi\u010dn\u00ed smlouva, nelze rozhodnout, zda byly zaplacen\u00e9 pen\u00edze investov\u00e1ny jako kapit\u00e1l, nebo zda byly zaplaceny p\u0159edem jako z\u00e1loha na investici. Tak\u017ee m\u016f\u017ee nastat situace, kdy se zaplacen\u00e9 pen\u00edze pova\u017euj\u00ed za z\u00e1lohu m\u00edsto za investi\u010dn\u00ed kapit\u00e1l, a spole\u010dnost X mus\u00ed vr\u00e1tit pen\u00edze investorovi A. <br><\/p>\n\n\n\n<p>Zejm\u00e9na u startup\u016f v seed stage je \u010dasto tak, \u017ee jakmile obdr\u017e\u00ed pen\u00edze od investor\u016f, rychle je pou\u017eij\u00ed na investice do podnik\u00e1n\u00ed. Pokud u\u017e byly pen\u00edze investov\u00e1ny do podnik\u00e1n\u00ed a pot\u00e9 je po\u017eadov\u00e1no jejich vr\u00e1cen\u00ed, m\u016f\u017ee nastat situace, kdy pen\u00edze ji\u017e nejsou na \u00fa\u010dtu a nelze je vr\u00e1tit. <br> Nav\u00edc, vr\u00e1cen\u00edm pen\u011bz m\u016f\u017ee doj\u00edt k situaci, kdy nen\u00ed mo\u017en\u00e9 prov\u00e9st pl\u00e1novanou investici do podnik\u00e1n\u00ed a p\u0159ijde se o obchodn\u00ed p\u0159\u00edle\u017eitost. <\/p>\n\n\n\n<p>V p\u0159\u00edpad\u011b seed round, jak bylo uvedeno v\u00fd\u0161e, investo\u0159i \u010dasto investuj\u00ed na z\u00e1klad\u011b pl\u00e1n\u016f prototypu, podnikatelsk\u00fdch n\u00e1pad\u016f zakladatel\u016f, jejich nad\u0161en\u00ed a osobnosti, tak\u017ee je pravd\u011bpodobn\u011bj\u0161\u00ed, \u017ee zm\u011bn\u00ed n\u00e1zor ne\u017e kdy\u017e investuj\u00ed do spole\u010dnosti, kter\u00e1 ji\u017e provozuje konkr\u00e9tn\u00ed podnik\u00e1n\u00ed a m\u00e1 stabiln\u00ed strukturu. Proto je d\u016fle\u017eit\u00e9 jasn\u011b ur\u010dit, pro jak\u00fd \u00fa\u010del byly zaplacen\u00e9 pen\u00edze v seed round.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Riziko_snizeni_moznosti_vyhnout_se_problemum_mezi_podnikatelem_a_investorem\"><\/span>Riziko sn\u00ed\u017een\u00ed mo\u017enosti vyhnout se probl\u00e9m\u016fm mezi podnikatelem a investorem<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>V seed round, politika startupu nemus\u00ed b\u00fdt v\u017edy pevn\u011b stanovena, tak\u017ee se m\u016f\u017ee st\u00e1t, \u017ee p\u016fvodn\u00ed politika se zm\u011bn\u00ed. Pokud investor souhlas\u00ed se zm\u011bnou politiky, nen\u00ed probl\u00e9m, ale je samoz\u0159ejm\u011b mo\u017en\u00e9, \u017ee investor se bude br\u00e1nit. Pokud je v investi\u010dn\u00ed smlouv\u011b jasn\u011b stanoven c\u00edl, i kdy\u017e se politika m\u00edrn\u011b zm\u011bn\u00ed, pokud podnikatel a investor maj\u00ed stejn\u00fd c\u00edl, je pravd\u011bpodobn\u00e9, \u017ee se budou moci vyhnout probl\u00e9m\u016fm, kter\u00e9 by mohly vzniknout pozd\u011bji. Tak\u017ee pokud neuzav\u0159ete investi\u010dn\u00ed smlouvu v seed round, existuje riziko, \u017ee se sn\u00ed\u017e\u00ed mo\u017enost vyhnout se probl\u00e9m\u016fm mezi podnikatelem a investorem.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Na_co_si_dat_pozor_pri_uzavirani_investicni_smlouvy_v_seed_round\"><\/span>Na co si d\u00e1t pozor p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy v seed round<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\/01\/shutterstock_1221484471-1024x683.jpg\" alt=\"\" class=\"wp-image-6627\" \/><figcaption class=\"wp-element-caption\">Na co si d\u00e1t pozor p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy v seed round?<\/figcaption><\/figure>\n\n\n\n<p>Jak ji\u017e bylo uvedeno, neuzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round m\u016f\u017ee v\u00e9st k r\u016fzn\u00fdm rizik\u016fm, tak\u017ee je d\u016fle\u017eit\u00e9 uzav\u0159\u00edt investi\u010dn\u00ed smlouvu. N\u00ed\u017ee vysv\u011btl\u00edme, na co si d\u00e1t pozor p\u0159i uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premyslet_o_vztahu_s_podilem_na_akciich\"><\/span>P\u0159em\u00fd\u0161let o vztahu s pod\u00edlem na akci\u00edch<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Seed round je velmi ran\u00e1 f\u00e1ze startupu. Proto je t\u011b\u017ek\u00e9 p\u0159edv\u00eddat, jak se firma bude d\u00e1le rozv\u00edjet. V t\u00e9to f\u00e1zi, pokud p\u0159id\u011bl\u00edte p\u0159\u00edli\u0161 mnoho akci\u00ed investor\u016fm, jako jsou nap\u0159\u00edklad venture kapit\u00e1lov\u00e9 fondy (VC), a pod\u00edl na akci\u00edch t\u011bchto investor\u016f se zv\u00fd\u0161\u00ed, m\u016f\u017ee se st\u00e1t, \u017ee dal\u0161\u00ed z\u00edsk\u00e1v\u00e1n\u00ed kapit\u00e1lu bude obt\u00ed\u017en\u00e9. Pokud se z\u00edsk\u00e1v\u00e1n\u00ed kapit\u00e1lu stane obt\u00ed\u017en\u00fdm, rozvoj startupu se m\u016f\u017ee st\u00e1t n\u00e1ro\u010dn\u00fdm. <br>Proto je t\u0159eba v seed round p\u0159em\u00fd\u0161let o pod\u00edlu na akci\u00edch, aby se pod\u00edl investor\u016f, jako jsou VC, nestal p\u0159\u00edli\u0161 velk\u00fdm. <br>Av\u0161ak, pokud se pod\u00edl na akci\u00edch jednodu\u0161e sn\u00ed\u017e\u00ed, m\u016f\u017ee se st\u00e1t, \u017ee nebude mo\u017en\u00e9 z\u00edskat investice od investor\u016f, jako jsou VC. Proto je t\u0159eba z hlediska startupu zv\u00e1\u017eit pod\u00edl na akci\u00edch investor\u016f tak, aby byl pova\u017eov\u00e1n za vhodn\u00fd.<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/investment-contract-shares-provision\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/investment-contract-shares-provision[ja]<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/monolith.law\/corporate\/issuance-of-class-shares\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith.law\/corporate\/issuance-of-class-shares[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Premyslet_o_vyuziti_kapitalu\"><\/span>P\u0159em\u00fd\u0161let o vyu\u017eit\u00ed kapit\u00e1lu<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Jak bylo uvedeno v\u00fd\u0161e, startupy v seed round jsou v f\u00e1zi, kdy je t\u011b\u017ek\u00e9 p\u0159edv\u00eddat, jak se budou d\u00e1le rozv\u00edjet. Proto je t\u0159eba p\u0159em\u00fd\u0161let o vyu\u017eit\u00ed kapit\u00e1lu v souladu s aktu\u00e1ln\u00ed situac\u00ed, ve kter\u00e9 se startup nach\u00e1z\u00ed. Nap\u0159\u00edklad, pokud m\u016f\u017eete vyu\u017e\u00edt kapit\u00e1l pouze podle p\u016fvodn\u00edho obchodn\u00edho pl\u00e1nu, m\u016f\u017ee se st\u00e1t, \u017ee i p\u0159es zm\u011bnu obchodn\u00edho pl\u00e1nu nebudete moci vyu\u017e\u00edt kapit\u00e1l, co\u017e by mohlo br\u00e1nit rozvoji startupu. Proto je vhodn\u00e9, aby byly ustanoven\u00ed o vyu\u017eit\u00ed kapit\u00e1lu takov\u00e9, kter\u00e9 do ur\u010dit\u00e9 m\u00edry umo\u017e\u0148uje mana\u017eer\u016fm rozhodovat.<\/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 nutnost uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round. Mana\u017ee\u0159i startup\u016f v seed round by nem\u011bli p\u0159em\u00fd\u0161let, \u017ee je\u0161t\u011b nejsou na etap\u011b uzav\u00edr\u00e1n\u00ed investi\u010dn\u00ed smlouvy, ale m\u011bli by se sna\u017eit uzav\u0159\u00edt investi\u010dn\u00ed smlouvu i v seed round s ohledem na budoucnost. Nicm\u00e9n\u011b, uzav\u0159en\u00ed investi\u010dn\u00ed smlouvy v seed round vy\u017eaduje odborn\u00e9 pr\u00e1vn\u00ed znalosti, tak\u017ee je vhodn\u00e9 z\u00edskat radu od pr\u00e1vn\u00edka.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pokud jde o startupy v seed f\u00e1zi, veden\u00ed startupu \u010dasto m\u00e1 mnoho jin\u00fdch priorit ne\u017e pr\u00e1vn\u00ed z\u00e1le\u017eitosti, a tak pr\u00e1vn\u00ed ot\u00e1zky mohou b\u00fdt odsunuty stranou. N\u011bkdy uzav\u0159ou smlouvy bez konzultace s odborn\u00edky [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":63265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[24,28],"acf":[],"_links":{"self":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61376"}],"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=61376"}],"version-history":[{"count":2,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61376\/revisions"}],"predecessor-version":[{"id":63266,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/posts\/61376\/revisions\/63266"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media\/63265"}],"wp:attachment":[{"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/media?parent=61376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/categories?post=61376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monolith.law\/cs\/wp-json\/wp\/v2\/tags?post=61376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}