Dear colleagues,

We kindly ask you to take a few minutes to complete our short survey on the legal consequences and risks of a "Down Round" (investment in a startup at a lower valuation compared to the previous round).

We are conducting this research to examine potential legal risks and ways to manage them.

Your participation in the survey will help us gather objective data and provide you with an analytical report that will include practical recommendations for startups and investors. The survey is conducted anonymously.

The survey will take 3 minutes of your time. Thank you in advance for your participation!