Startups
Articles for start-ups on funding, working with investors and the legal aspects of growing a new business.
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Legal support for start-ups under the PARP programme: 2022 call for applications
The Polish Agency for Enterprise Development has announced a call under which start-ups can apply for funding for legal support. The project aims to provide legal assistance to young businesses entering into relationships with investors and business partners. The programme is funded from the state budget.
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Interview with attorney-at-law Michał Górecki (Generacja Smart)
‘These are personal tragedies. Someone devotes years of their life, works incredibly hard, and then loses control over the company’s future. People do not usually talk openly about such things,’ says Michał Górecki, a Polish attorney-at-law specialising in…
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SAFE: start-up financing and future share subscriptions
A SAFE funds a company ahead of a future equity round. The agreement version, conversion terms, treatment of other settlement events and dilution all matter.
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Why does a VC fund refuse financing?
A refusal to fund a project does not necessarily mean it is weak. The fund’s strategy, the company’s stage of development and its potential for growth all matter.
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Bartosz Józefowski: how to avoid burning through money (3/3)
Startup founders now understand very well that money does not always change the pace of work. Funding serves a specific purpose: scaling expenditure on marketing, sales and R&D…
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Bartosz Józefowski: preparing to speak to a fund (2/3)
It is now much harder to find someone motivated enough to leave a comfortable corporate life for the very hard work of building their own company.
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Bartosz Józefowski: where to start and how to build relationships (1/3)
Launching our Venture Adventure and our series of conversations with PE/VC experts, we arranged to meet Bartosz Józefowski, Head of Kraków Technology Park’s ScaleUP Acceleration Programme. Late autumn in Kraków is an invitation to step away from the desk. On…
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How often does a VC fund exit through an IPO?
VC funds investing in growing companies primarily seek the target return envisaged when the investment agreement is signed, after a specified investment period, usually up to ten years. The following exit routes are currently identified…
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Sand Hill Road — in the land of the American dream
Sand Hill Road and the history of venture capital: an essay on the connections between technology, entrepreneurship and capital, with a correction to the account of Intel’s founding.
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Business angels as a source of smart money
A business angel is not ‘An Angel in Kraków’ :). Unfortunately, the Polish translation of ‘angel investor’ has acquired some pejorative connotations while also sounding somewhat high-flown. How far does it reflect…