![\"Kima15\"](\"https:\/\/www.rudebaguette.com\/assets\/download-17-e1386233933929.png\")
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Kima Ventures, run by Jeremie Berrebi & Xavier Niel, announced this week a new program, Kima15, which will look to invest $150K for 15% equity in companies, promising a turnaround of less than 15 days. The seed stage VC firm, which already has a reputation for investing fast and simply, also announced that their term sheet<\/a>\u00a0for said deal is publicly available (here<\/a>), with an FAQ<\/a>\u00a0to answer any questions startups might have.<\/p>\n The announcement comes just days before Kima Ventures is set to host a networking day in Paris for its somewhat large portfolio of startups, the goal of which is to allow journalists, potential partners & investors, and other interested parties to see who exactly is in Kima’s portfolio.<\/p>\n One point I found particularly interesting is that the application<\/a>\u00a0is available entirely on AngelList, a service popular in the US and UK, but which hasn’t quite taken hold in France just yet. When I discovered the application process, I was hoping that Kima would also have listed all of their investments publicly – no such luck on the home page but when you look at their activity page<\/a>, I counted 113 startups that they’ve listed as investments (and I don’t think that’s even half of their historical investments).They aren’t joking – they really do invest in one startup per week.<\/p>\n Many have pointed out that Kima15 is no different than Kima Ventures’ current investment strategy – the stories of Jeremie Berrebi offering a term sheet over Skype (he lives in Tel Aviv) after just a 10-minute phone call have become something of a legend in the Paris startup scene – I however, would argue that it’s something more. This is a concrete process, a promise, and a step towards transparency – Kima Ventures has always been known for investing hard and fast with terms that, while you wouldn’t jump with joy at the valuation, are fair for a decent number of people. Their investment strategy has gotten them in on deals like Rapportive (sold to LinkedIn<\/a>), Producteev (sold to Jive<\/a>), Sparrow (sold to Google<\/a>) Leetchi (Wired’s #1 startup 2013), Ifeelgoods, Restopolitan & more.<\/p>\n Speaking with partner Jeremie Berrebi, I joked with him that some of his current startups would be happy with the “15% for $150K” deal, as I’ve heard that the valuation can go much lower when dealing with Kima – he jokingly said that they reserve the right to increase the equity stake if the company isn’t at the $1M valuation that Kima15 promises. It remains to be seen how many of the Kima15 applicants will be told that they’re not quite there yet, but I do believe that it’s a good step in the direction towards transparency.<\/p>\n