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[Music] after those guys venture capitalists and legal part out of it is about VC investment agreement so this is the goal of both both sides of a start-up of of participants of this company so that their relation one day come to VC investment contract and it is concluded signed and closed so before starting my short presentation Id like to ask how many of yours have never participated in VC investment contract okay so a bigger part so its good so this presentation is for you I will briefly run through the main clauses of it in my opinion which not so well advertised and known to the public despite that the topic is what should you not agree it was quite hard for me to to think such clauses so to think of such clauses so I decided that you should not miss them those clauses that I will present to you so this is important that those clauses would be discussed and included into the agreement so lets go first I will start shortly from describing a process of a usual process of signing