ALÉM DO MÚTUO: O PROJETO DE LEI 252 DE 2023 E O INVESTIMENTO EM STARTUPS

Abstract

The article aims to analyze the potential impact of Complementary Bill 252 of 2023, by Senator Carlos Portinho, which proposes to establish the Convertible Investment Contract in Social Capital, on the startup ecosystem in Brazil. By replacing the traditional model of a loan contract convertible into equity, this new legislation could mean a change in the way startups are financed and how investors engage with these companies. The objective of this study is to evaluate the positive and negative aspects of this transformation, providing a brief introduction to the Startup ecosystem, comparing the two contract models and analyzing their implications for the financing of these companies. Using a qualitative and quantitative approach, the article provides insights into the current dynamics of investments in the startup ecosystem, with concrete data from 2023 and projections for 2024. Based on the analysis of recent data on investments in startups and interviews with sector experts, We seek to understand whether Bill 252 of 2023 has the potential to stimulate an increase in the volume of investments and whether it can contribute to a more favorable environment for the development of innovative startups in Brazil. This study is relevant for legislators, investors, entrepreneurs and academics interested in the dynamics of financing startups and the evolution of the legal framework that governs these relationships in the country.