Cytlaw Deal Summary 2021

For Tech Friends looking setup a CEE Refugee Camp for Ukrainians Below please find steps how to setup organize and manage a refugee camp to help Ukrainians: Hotel operation We want to create a place that offers a comprehensive soft landing. For those who need it, it is to give…

Open source software (“OSS”) is increasingly adopted by technology startups, in light of the many benefits of its use. This piece highlights important factors to note when your startup is incorporating OSS in its products. What is Open Source Software? Open source software entails collaborative development and exchange of intellectual…

Negotiating a Venture Debt Financing It’s important to recognize that equity financing is not the only source of capital for fast-growing startups. Another source is the fast-growing area of venture debt financing (VDF). VDF is a short-term loan from banks or venture capital firms to companies with the expectation that…

Termination of an employee in California is a sensitive process for a foreign company expanding into the US Market. Without the correct information and assistance, it is comparable to walking on a tight rope, between two skyscrapers, blindfold, with your hands tied behand your back, on a windy day. In…

SAFE — HIDDEN (UNSAFE) TRICKS Simple Agreements for Future Equity, popularly called “SAFEs” have become a popular tool for startup fundraising. In simple terms (pun intended), a SAFE is a convertible instrument that allows an investor invest in a startup in exchange for equity or a payout on the occurrence…

Uncommon Terms to Consider when Negotiating and Drafting One. Convertible notes are common in Silicon Valley. Start-ups founders and investors are familiar with them and the typical negotiation points when negotiating and drafting one. These include — investment sum, interest rate and maturity dates, valuation cap, discount rate, company capitalization…

In August 2021, scholarship funds were extended again by Cytowski & Partners to support financial aid for the second batch of Central and Eastern European (CEE) students and academics studying for advanced degrees at Stanford Law School. …

In Silicon Valley and in tech industry in general, handshakes deals are common due to the fast-paced, informal and collaborative nature of startup ecosystem. Companies have been created, financed and exited based on handshake deals. However, companies and partnerships have also been destroyed as a result of this types of…

“CEE startup ecosystem is just scratching the surface of its potential” Interview with Pete Benedetto, Endeavor Network’s Director of Expansion What is the Endeavor Network? Why is Endeavor Network important to startups from emerging markets? Endeavor is the leading community of, by, and for high-impact entrepreneurs. We exist to inspire…