4 ms·
What do you mean? You're talking about 2 differents things.
by jber 13y ago
What do you mean? You're talking about 2 differents things.
- cwilson 13y agoWhile it is two different things, the way it is worded is slightly confusing and I can see how someone might be confused.
- JOnAgain 13y agoThis makes perfect sense and is a good policy. As a policy, they won't invest in future rounds. So everyone else knows they won't, and no one asks "why isn't Kima investing in this round?". It can be bad when an investor who's already in a company doesn't participate in future rounds, as it signals that someone which more data isn't interested in putting more money in. They're avoiding this entirely, which is good for the startup. It's a really bad signal when you get seed funding from someone who does do follow-ons, but they don't want to follow-on with you. It can make it very hard to fundraise.
- gizmo 13y agoWhen you say that you offer an investment based on default terms and in the next paragraph you say you also continue to make investments at later stages and at different valuations then people have no reason to assume that those investments are mutually exclusive.
- jber 13y agoWe are investing only once in startup or via Kima15 or via many type of deals through Kima Ventures We are never reinvesting in one of this deals.
- gizmo 13y agoArgh... I'm saying the phrasing is unclear. Bad communication. If you don't reinvest in any deals then that should be mentioned clearly in the FAQ. Right now it isn't. Second example: > Will you consider my business if we are later stage (higher valuation)? Answer: > Kima15’s standard offer allows us to make decisions and close investments very quickly but we realise [sic] that not all companies will be at this specific stage so we also continue to accept submissions via Kima Ventures This implies that yes, you do invest at a later stage. But the next sentence goes: > We do still only invest at the earliest stages... Which implies the opposite: that only early stage investments are an option. So although I like the idea of Kima15, some extra proofreading wouldn't hurt.
- jber 13y agoOk. Thanks a lot. We are trying to make it clearer
- andrewaylett 13y ago"Realise" is the standard non-US spelling, so it's appropriate for a not-US-specific FAQ.
- clarky07 13y agoI thought it was perfectly clear when I read it. If you are already at a later stage or want more money or a different valuation, this other part of the company is still into normal VC stuff. However, if we invest in you in this program we will not do another later investment to avoid signaling issues.