Terms of Service

1. Acceptance of Terms

By accessing or using VenBase (the "Platform"), operated by Venbase LLC, a Virginia limited liability company ("VenBase," "we," "us," or "our"), you agree to be bound by these Terms of Service ("Terms"). If you do not agree to all of these Terms, do not use the Platform. We may update these Terms at any time; continued use after changes constitutes acceptance.

2. Platform Description

VenBase is an introductions platform. Founders list a round, investors express interest, and when the founder accepts an interest VenBase makes an introduction: it shares each party's name, email address, LinkedIn URL (if provided) and VenBase profile link with the other party. Everything that happens after the introduction — conversations, diligence, negotiation, documentation and any transfer of money — happens between the parties, outside the Platform.

Founders may record commitments against a round after an introduction. Commitments are self-reported by the founder, are not verified by VenBase, and do not create any obligation between the parties or with VenBase.

VenBase makes introductions only: we do not handle transactions between investors and founders, and every amount shown is self-reported by the founder and not verified by VenBase.

3. Eligibility & Account Registration

You must be at least 18 years old and have the legal capacity to enter into binding agreements to use VenBase. When creating an account, you agree to provide accurate, current, and complete information. You are responsible for maintaining the confidentiality of your account credentials and for all activities under your account. Notify us immediately at security@venbase.io if you suspect unauthorized access.

4. Founder Obligations

If you register as a founder, you agree to:

• Provide truthful and accurate information about your company, team, financials, and fundraising activities.
• Ensure every commitment and round-progress figure you record is accurate to the best of your knowledge, and keep it current.
• Comply with all applicable securities laws and regulations in your jurisdiction when raising capital. Whether and how you may solicit or accept capital from a person you meet through VenBase is your responsibility, not ours.
• Accept an interest only if you intend to engage with that investor, and use the contact details you receive solely for that conversation.
• Not use VenBase to mislead investors or misrepresent the nature of your business or fundraising activities.

5. Investor Obligations

If you register as an investor, you acknowledge and agree that:

• Expressing interest on the Platform is a request for an introduction, not an offer, commitment, or subscription of any kind.
• VenBase does not provide investment advice, recommendations, or endorsements of any startup, and a listing on the Platform is not a recommendation.
• Commitment amounts and round progress displayed on the Platform are self-reported by founders and have not been independently verified.
• You are responsible for conducting your own due diligence before entering into any agreement with a founder you meet through the Platform, and any decision you make is at your own risk.
• Early-stage companies carry significant risk, including the possibility of total loss of any capital you choose to commit outside the Platform.
• You will comply with all applicable accreditation requirements and securities regulations in your jurisdiction, and use the contact details you receive solely for the introduction they were shared for.

6. Introductions & Contact Details

When a founder accepts an investor's interest, VenBase sends each party the other's name, email address, LinkedIn URL (if provided) and VenBase profile link, by in-app notification and by email. By expressing interest (as an investor) or accepting an interest (as a founder) you consent to that disclosure. Founders may decline an interest, in which case nothing is shared. You agree not to use contact details obtained through an introduction for unsolicited marketing, to resell or publish them, or to add them to any list without the other party's consent.

7. Document Templates

VenBase may make document templates (such as a SAFE) available to founders as a convenience, and founders may upload their own. Any such document is negotiated, signed and performed entirely between the parties, outside the Platform.

• VenBase is not a party to any agreement between users, does not review it, and does not provide legal advice. Templates are provided "as is".
• Founders are responsible for ensuring any document they use complies with applicable law and accurately reflects their terms.
• Both founders and investors should consult qualified legal counsel before signing any agreement with a party they met through the Platform.

8. Subscriptions & Payment

Certain features of VenBase require a paid subscription. The subscription is the only fee VenBase charges: we take no commission, transaction fee, carried interest or other payment tied to any introduction or to anything that happens after it. Subscription payments are processed securely through Stripe. By subscribing, you agree to:

• Pay all fees associated with your chosen plan at the applicable billing frequency (monthly or annual).
• Subscriptions renew automatically unless cancelled before the next billing cycle.
• Refunds are handled on a case-by-case basis in accordance with our refund policy.
• VenBase reserves the right to change pricing with 30 days' advance notice.

9. Secondary Board

VenBase provides a secondary board where holders of private company shares can post a listing and other users can request an introduction to the poster. A listing is a statement of intent only. VenBase does not execute, settle, escrow, or guarantee any transfer, and any agreement is reached directly between the parties, outside the Platform.

10. Prohibited Conduct

You agree not to:

• Use the Platform for any illegal purpose or in violation of any applicable law.
• Post false, misleading, or fraudulent information about companies, rounds, commitments, or listings.
• Attempt to gain unauthorized access to other users' accounts, systems, or data.
• Scrape, crawl, or use automated tools to extract data from the Platform without permission.
• Interfere with the Platform's operation or other users' experience.
• Impersonate any person or entity, or misrepresent your affiliation.

11. Intellectual Property

The VenBase Platform, including its design, code, branding, and content, is owned by Venbase LLC and protected by intellectual property laws. You retain ownership of content you submit to the Platform but grant VenBase a non-exclusive, worldwide license to use, display, and distribute that content in connection with operating and promoting the Platform.

12. Limitation of Liability

To the maximum extent permitted by law, VenBase shall not be liable for any indirect, incidental, special, consequential, or punitive damages, including loss of profits or data, or any loss arising from an agreement you enter into with a party you met through the Platform. VenBase's total liability shall not exceed the amount you paid to VenBase in the 12 months preceding the claim.

13. Disclaimer of Warranties

The Platform is provided "as is" and "as available" without warranties of any kind, express or implied. VenBase does not warrant that the Platform will be uninterrupted, error-free, or secure. VenBase does not guarantee the accuracy of any user-submitted content, including self-reported commitment amounts, or that any introduction will lead to a conversation or an agreement.

14. Indemnification

You agree to indemnify and hold harmless VenBase, its members, managers, officers, employees, and agents from any claims, damages, losses, or expenses (including legal fees) arising from your use of the Platform, your violation of these Terms, your dealings with any party you met through the Platform, or your violation of any third-party rights.

15. Termination

We may suspend or terminate your account at our discretion if you violate these Terms or engage in prohibited conduct. Upon termination, your right to use the Platform ceases immediately. You may delete your account at any time through your settings page. Provisions that by their nature should survive termination (including limitation of liability, indemnification, and intellectual property) shall survive.

16. Governing Law & Venue

These Terms shall be governed by and construed in accordance with the laws of the Commonwealth of Virginia, United States, without regard to its conflict of law principles. Any dispute arising out of or relating to these Terms or the Platform shall be brought exclusively in the state or federal courts located in the Commonwealth of Virginia, and you consent to the personal jurisdiction of, and waive any objection to venue in, those courts. Nothing in this section prevents either party from seeking injunctive relief in any court of competent jurisdiction.

17. Contact

For questions about these Terms, contact us at: