{"id":107755,"date":"2026-05-30T04:44:56","date_gmt":"2026-05-30T02:44:56","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=107755"},"modified":"2026-05-30T04:44:56","modified_gmt":"2026-05-30T02:44:56","slug":"startupovy-trh-v-cesku-dospiva-investori-uz-nehledaji-jen-silny-pribeh-rika-tomas-ditrych-z-ambit","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2026\/05\/30\/startupovy-trh-v-cesku-dospiva-investori-uz-nehledaji-jen-silny-pribeh-rika-tomas-ditrych-z-ambit\/","title":{"rendered":"Startupov\u00fd trh v \u010cesku dosp\u00edv\u00e1. Investo\u0159i u\u017e nehledaj\u00ed jen siln\u00fd p\u0159\u00edb\u011bh, \u0159\u00edk\u00e1 Tom\u00e1\u0161 Ditrych z Ambit"},"content":{"rendered":"<div id=\"fb-root\"><\/div>\n<p>\u010cesk\u00fd venture kapit\u00e1lov\u00fd trh vstupuje do nov\u00e9 f\u00e1ze. Po obdob\u00ed levn\u00fdch pen\u011bz a rychl\u00e9ho r\u016fstu p\u0159ich\u00e1z\u00ed podle odborn\u00edk\u016f st\u0159\u00edzliv\u011bj\u0161\u00ed prost\u0159ed\u00ed, ve kter\u00e9m investo\u0159i mnohem pe\u010dliv\u011bji posuzuj\u00ed kvalitu startup\u016f, jejich schopnost generovat tr\u017eby i dlouhodob\u00fd potenci\u00e1l. P\u0159esto ale \u010desk\u00fd startupov\u00fd ekosyst\u00e9m podle Tom\u00e1\u0161e Ditrycha, managing partnera advok\u00e1tn\u00ed kancel\u00e1\u0159e Ambit, z\u016fst\u00e1v\u00e1 ve velmi dobr\u00e9 kondici a d\u00e1l p\u0159itahuje dom\u00e1c\u00ed i zahrani\u010dn\u00ed kapit\u00e1l.<\/p>\n<p>\u201eDoba, kdy se \u010dasto financoval r\u016fst za ka\u017edou cenu, je pry\u010d. Investo\u0159i dnes hledaj\u00ed firmy, kter\u00e9 maj\u00ed udr\u017eiteln\u00fd byznys, jasnou p\u0159idanou hodnotu, konkr\u00e9tn\u00ed z\u00e1kazn\u00edky a re\u00e1ln\u00fd potenci\u00e1l generovat cash-flow,\u201c <a href=\"https:\/\/tradeinfo.cz\/clanky\/startupove-investice-nejsou-vyhradni-domenou-milionaru-rika-tomas-ditrych-z-ambit-mensi-investori-ale-musi-pocitat-s-rizikem\/\">uv\u00e1d\u00ed v rozhovoru<\/a> Tom\u00e1\u0161 Ditrych.<\/p>\n<p>Advok\u00e1tn\u00ed kancel\u00e1\u0159 Ambit pat\u0159\u00ed mezi nejaktivn\u011bj\u0161\u00ed pr\u00e1vn\u00ed poradce pro venture kapit\u00e1lov\u00e9 transakce ve st\u0159edn\u00ed a v\u00fdchodn\u00ed Evrop\u011b. Ditrych se dlouhodob\u011b v\u011bnuje startup\u016fm, investi\u010dn\u00edm kol\u016fm i pr\u00e1vn\u00edmu nastaven\u00ed venture kapit\u00e1lov\u00fdch transakc\u00ed a pod\u00edlel se tak\u00e9 na vzniku Venture Capital Deals Reportu mapuj\u00edc\u00edho \u010desk\u00fd startupov\u00fd trh.<\/p>\n<p>Rozhovor ukazuje, \u017ee mezi nejv\u00fdrazn\u011bj\u0161\u00ed investi\u010dn\u00ed t\u00e9mata roku 2025 pat\u0159ila um\u011bl\u00e1 inteligence, deeptech nebo healthtech projekty. Podle Ditrycha ale samotn\u00e1 \u201eAI n\u00e1lepka\u201c investor\u016fm nesta\u010d\u00ed a st\u00e1le d\u016fle\u017eit\u011bj\u0161\u00ed je, zda startup skute\u010dn\u011b \u0159e\u0161\u00ed konkr\u00e9tn\u00ed probl\u00e9m a dok\u00e1\u017ee nab\u00eddnout funk\u010dn\u00ed produkt s re\u00e1lnou trakc\u00ed.<\/p>\n<p>Z\u00e1rove\u0148 se podle n\u011bj prom\u011b\u0148uje i struktura samotn\u00fdch investic. Z trhu postupn\u011b miz\u00ed projekty postaven\u00e9 \u010dist\u011b na rychl\u00e9m r\u016fstu bez jasn\u00e9 cesty k ziskovosti. V\u00fdrazn\u011b ochladl nap\u0159\u00edklad z\u00e1jem o e-commerce nebo marketplace modely bez v\u00fdrazn\u00e9 diferenciace.<\/p>\n<p>Investo\u0159i jsou opatrn\u011bj\u0161\u00ed, kapit\u00e1l ale z trhu nezmizel<\/p>\n<p>Podle Ditrycha je dnes z\u00edsk\u00e1n\u00ed investice pro startupy n\u00e1ro\u010dn\u011bj\u0161\u00ed ne\u017e v dob\u011b extr\u00e9mn\u011b levn\u00e9ho kapit\u00e1lu. To v\u0161ak neznamen\u00e1, \u017ee by pen\u00edze z trhu zmizely. Investo\u0159i si podle n\u011bj pouze v\u00fdrazn\u011b pe\u010dliv\u011bji vyb\u00edraj\u00ed, do kter\u00fdch projekt\u016f prost\u0159edky vlo\u017e\u00ed.<\/p>\n<p>Siln\u00e9 startupy s kvalitn\u00edm t\u00fdmem, funk\u010dn\u00edm produktem a glob\u00e1ln\u00ed ambic\u00ed se podle n\u011bj ke kapit\u00e1lu dost\u00e1vaj\u00ed i nad\u00e1le. Investi\u010dn\u00edch kol m\u016f\u017ee b\u00fdt m\u00e9n\u011b ne\u017e v minul\u00fdch letech, \u010dasto ale rostou samotn\u00e9 investovan\u00e9 \u010d\u00e1stky.<\/p>\n<p>D\u016fle\u017eit\u00fdm t\u00e9matem jsou tak\u00e9 mo\u017enosti men\u0161\u00edch investor\u016f zapojit se do startupov\u00fdch investic prost\u0159ednictv\u00edm crowdfundingov\u00fdch platforem, investorsk\u00fdch klub\u016f nebo venture kapit\u00e1lov\u00fdch fond\u016f. P\u0159esto Ditrych upozor\u0148uje, \u017ee startupov\u00e9 investice z\u016fst\u00e1vaj\u00ed vysoce rizikovou sou\u010d\u00e1st\u00ed portfolia.<\/p>\n<p>\u201eStartupov\u00e9 investice dnes nejsou v\u00fdhradn\u00ed dom\u00e9nou velk\u00fdch fond\u016f a milion\u00e1\u0159\u016f. Z\u00e1rove\u0148 je ale d\u016fle\u017eit\u00e9 \u0159\u00edct na rovinu, \u017ee i p\u0159es tuto dostupnost z\u016fst\u00e1vaj\u00ed startupov\u00e9 investice ze sv\u00e9 podstaty vysoce rizikov\u00fdm aktivem vhodn\u00fdm jen pro tu \u010d\u00e1st portfolia, o jej\u00ed\u017e p\u0159\u00edpadnou ztr\u00e1tu se investor neob\u00e1v\u00e1,\u201c uv\u00e1d\u00ed se v rozhovoru na <a href=\"http:\/\/tradeinfo.cz\">Tradeinfo.cz<\/a>.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone size-full wp-image-1185\" src=\"http:\/\/www.infokuryr.cz\/n\/wp-content\/uploads\/2021\/04\/kuryr-podpis.png\" alt=\"\" width=\"84\" height=\"24\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u010cesk\u00fd venture kapit\u00e1lov\u00fd trh vstupuje do nov\u00e9 f\u00e1ze. Po obdob\u00ed levn\u00fdch pen\u011bz a rychl\u00e9ho r\u016fstu&#8230;<\/p>\n","protected":false},"author":2,"featured_media":107756,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[1907,1299,331,1472],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/107755"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=107755"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/107755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/107756"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=107755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=107755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=107755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}