jber

9 ms·

31.
by jber 13y ago
1) - Never borrow from your family when you're launching a company. You have more chance to fail and will never be able to reimburse. - You need to have a rich family if you want to do that. Did you already borrowed 150K to your famil
32.
by jber 13y ago
About weekly updates, I think it's critical for founders to have to write a 3 lines weekly update but not only for us, investors, but also for their team , cofounders and themselves. It's helping focusing on the right thing each
33.
by jber 13y ago
I think we invested in 60 US companies ;-) No problem to discuss with them. We don't always need to do that in real time. Email is good for 99% of subjects.
34.
by jber 13y ago
All the projects submitted to Kima15 since the launch 3 hours ago are more than a prototype. Real products with customers already...
35.
by jber 13y ago
One of our companies FormLabs raised $19M after our seed round ;-) You can imagine the kind of valuation they got... Pret d'Union, French Lending Club clone raised $5M Sparrow has been acquired by Google Very difficult to compare both
36.
by jber 13y ago
Oups, for your second question. Kima15 is not dedicated to fund prototype only. Some companies with V1 are also great targets for it. All the projects we received since the launch 3 hours ago are all startups with a real product. If the sta
37.
by jber 13y ago
AirBnb & Dropbox were very risky projects like any other projects in this planet. There are many hidden awesome companies on this planet and we are targetting this one. I'm sure we will invest in a future AirBnb or Dropbox. We just
38.
by jber 13y ago
Ah ah ;-) I love HN. I'm not sleeping enough and have 10 children ;-) All our startups are discussing with me by email all day. Not sure will be able to answer to everyone when we will have 800 startups but for the moment, that's
39.
by jber 13y ago
Nope, we need a lawyer everywhere to issue shares certificate and doing many other things.
40.
by jber 13y ago
Hello Paul Great numbers, we really admire a lot what you're doing at YC but not all companies want to join an accelerator or relocate and not all companies are accepted by YC ;-) We see Kima15 as a different offer for different founde
41.
by jber 13y ago
Thanks Salim ;-) We don't have any interns ;-) That's why ;-)
42.
by jber 13y ago
Ok. Thanks a lot. We are trying to make it clearer
43.
by jber 13y ago
Our decisions are fast for everyone. Sometimes lawyers could need a little more time... We are not requesting reincorporation most of the time but sometimes we are advising the company to do that for many reasons
44.
by jber 13y ago
Thanks a lot for your feedback but here we are talking about an equity deal not convertible notes... Did you really issued new shares without a lawyer ?
45.
by jber 13y ago
Not at all ;-) What color do you suggest ? ;-)
46.
by jber 13y ago
We 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.
47.
by jber 13y ago
What do you mean? You're talking about 2 differents things.
48.
by jber 13y ago
We just changed it. Better now?
49.
by jber 13y ago
Why?
50.
by jber 13y ago
Thanks for your feedback. Better now?
51.
by jber 13y ago
You can't imagine how most US startups will be happy to get that deal. There are thousands of startups trying to get funding desperately in the US too There are also founders who are not interested to lose their time by pitching many V
52.
by jber 13y ago
We already invested in Pakistan too ;-) so nope, it's for everyone ;-)
53.
by jber 13y ago
Agree with you that for it's not for everyone but for most early stage startups, it's a great deal. For the others, Kima Ventures still exists and we are investing at differents valuations (lower and higher)
54.
by jber 13y ago
Unfortunately, lawyers have to check that the company exists, request info from founders, check that the IP is owned by the company etc...So cost is 2.5K to $4K (and it's not expensive) We HATE paying lawyers... :-( We are not investin
55.
by jber 13y ago
Thanks Adam for your kind words. Still love a lot what you are doing at BinPress! Good luck!
56.
by jber 13y ago
If you can find us a lawyer working for free, would love an intro ;-)
57.
by jber 13y ago
Ok, so the good strategy is to give a bad deal to entrepreneurs ? ;-)
58.
by jber 13y ago
We wanted to call it Kima15 so it's 15%. Good answer? ;-) More seriously. We know the market better than many angels and we are investing in any country of the world. This offer was already been accepted by a lot of awesome founders bu
59.
by jber 13y ago
Thanks, corrected.
60.
by jber 13y ago
Hello Nope, we are not doing it ;-) Check my Angellist profile: http://angel.co/jberrebi We have a very good reputation in this market and are helpful! You can check!

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