Dead Duck Law
September 2nd, 2026 • Eduard Míka
When I read the information about the new startup law in the media, I didn’t know whether to laugh or cry at first.
Reflex Capital → Blog → Investor without Micro-Management
When dating with prospective portfolio companies, we often get asked about our role in our portfolio companies. How much hands-on are we? Do we interfere in the founder’s decisions? Our reply to that is: “As you wish“.
We are a team of entrepreneurs who have seen that and did that. We have deep vertical expertise in different areas, but we do not push anything. If you wanna go your way, fine with us. If you wanna ask for our experience (and then do it your way), even better :-). We seldom ask for extensive veto rights or Board seats. We believe in accountability of the founders and to be accountable, you need to be in the driver’s seat. Our central value is to support the founder: with finance, with experience, with contacts, with being someone they can trust.
Do all of our founders ask for help? Nope. About 20% prefer to be left alone. With the rest we try to help as much as we can.
September 2nd, 2026 • Eduard Míka
When I read the information about the new startup law in the media, I didn’t know whether to laugh or cry at first.
May 28th, 2026 • Eduard Míka
Almost every successful startup that is created in the Czech Republic ends up in another jurisdiction. Most often, ownership is transferred to a holding company in the USA, the Netherlands or elsewhere. In the startup community, this is called a “flip of ownership” or “flip-up” for short.
December 15th, 2025 • Ondřej Fryc
Recently, I spotted a founder on social media lamenting that the majority of VC funds he contacted didn’t even reply to the email where he introduced his project. Underneath, there were plenty of comments about how typical this is—that VCs whine about having nothing to invest in, yet they don’t reply to emails. Ugh.
November 26th, 2024 • Zdena Macháčková