VC from the perspective of business and law with Jaroslav Baier, partner of HAVEL & PARTNERS

18.11.2025

In the next episode of the FinTech Roadmap podcast, we looked at the world of venture capital (VC) through the lens of law and business. Our guest was Jaroslav Baier, partner of HAVEL & PARTNERS law firm, which has long specialized in investments in startups, not only from a legal but also an investment point of view.

In the interview, we discussed what types of investors operate in the VC scene, what the current situation looks like in the Czech Republic and the EU compared to the USA and whether the return on VC funds today is commensurate with the level of risk. Jaroslav shared his experience with due diligence, investment documentation and why the law firm itself invests in funds and how it approaches the direction of its investments. We also discussed the influence of regulation, the suitability of the Czech Republic as a place for startups and how artificial intelligence and new technologies are changing the VC market.