August 10th, 2021 • Eduard Míka
Nobody likes to read contracts (except myself, but other people have weird hobbies too, right? … someone keeps poisonous spiders, I read contracts). Tens of pages of boring text and contrived sentences, written in a language few understand.
August 3rd, 2021 • Eduard Míka
Every day, hundreds, if not thousands of startups, are founded. Most of them won’t make it into a real company. Often not because there was not a good idea at the beginning or the customers did not want to buy the product or service. The reasons are often quite prosaic.
May 5th, 2021 • Eduard Míka
Any successful startup sooner or later gets to a situation, where capacity, knowledge and experience of the founders and their initial teams stop being enough and it’s time to tap the talent market. And then comes the surprise.
December 23rd, 2019 • Eduard Míka
Due diligence serves, or should serve, to identify the risks in the company (legal, financial and commercial). However, some investors use due diligence to get an extra advantage and a way not to comply with the terms agreed in the term sheet.
January 23rd, 2019 • Eduard Míka
A few months after I founded my first business (there were eight of us), one American said, “Eight? Then you are President and the other seven are Senior Vice-Presidents.” It took me a long time to realize that it was not a joke, and it took me even longer to understand what he actually meant.
