Interesting that as a VC you have no issues about where the company is incorporated.
I've met with VC's here in New York tat are Delaware Delaware Delaware only - they wont even consider investing if you are incorporated in NY. Cheers, Dean From: silicon-beach-australia@googlegroups.com [mailto:silicon-beach-australia@googlegroups.com] On Behalf Of Jeremie Berrebi Sent: Sunday, December 29, 2013 1:54 AM To: silicon-beach-australia@googlegroups.com Subject: [SiliconBeach] Re: $150k in 15 days but what do you think about their Term Sheet? Hello Malcom I'm the Kima Ventures cofounder. To answer one of your questions, 45% of our startups raised a new round after a Kima investment. Our term sheet is completely standard and most VCs are always happy to see that a Shareholders agreement is already in place PS: We just invested for the first time in Australia using Kima15 Best regards, Jeremie Berrebi http://card.biz/jberrebi On Saturday, December 28, 2013 11:49:16 AM UTC+2, Malcolm Lambert wrote: Kima Ventures has an interesting funding model they call Kima15 - US$150,000 investment for 15% and a 15 day turn-around of funding applications. For their Kima15 investments they have a non-negotiable Term Sheet which can be seen here http://www.kima15.com/ The terms would add significant complexity to a start-up with a simple share structure but I'm wondering if that sort of complexity is inevitable for companies growing via investment. If anyone has experience (from entrepreneur or investor point of view) and would like to comment: Are the Kima15 terms similar to what local investors would ask for? Would investors in following rounds be discouraged by the Kima15 terms or would it be expected that a Seed round investor will have those terms? Thanks Malcolm -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com<mailto:silicon-beach-australia@googlegroups.com> To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com<mailto:silicon-beach-australia+unsubscr...@googlegroups.com> For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com<mailto:silicon-beach-australia+unsubscr...@googlegroups.com>. For more options, visit https://groups.google.com/groups/opt_out. -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
