What do you mean? You're talking about 2 differents things.
We are never reinvesting in one of this deals.
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.
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.