Effective Date: March 1, 2025

Agreement to Terms

Welcome to StartupLiquidity. These Terms & Conditions ("Terms") govern your access to and use of the StartupLiquidity website, mobile applications, and services (collectively, the "Platform").

By accessing or using our Platform, you agree to be bound by these Terms and our Privacy Policy. If you do not agree to these Terms, you may not access or use the Platform. If you are accessing and using the Platform on behalf of a company or other legal entity, you represent that you have the authority to bind such entity to these Terms.

Platform Access

Subject to these Terms, StartupLiquidity grants you a limited, non-exclusive, non-transferable, and revocable license to access and use the Platform for your personal or internal business purposes.

Eligibility

You must be at least 18 years old and able to form legally binding contracts to access and use our Platform. By using our Platform, you represent and warrant that you meet these requirements.

Modifications to the Platform

StartupLiquidity reserves the right to modify, suspend, or discontinue the Platform (or any part or content thereof) at any time without notice or liability to you. We may also impose limits on certain features and services or restrict your access to parts or all of the Platform without notice or liability.

User Accounts

Registration Requirements

To access certain features of the Platform, you may be required to register for an account. When registering, you must provide accurate, current, and complete information. You are responsible for maintaining the confidentiality of your account credentials and for all activities that occur under your account.

Verification

We may require you to verify your identity or provide additional information to use certain features of the Platform. This may include providing government-issued identification, proof of address, or other documentation necessary for compliance with applicable laws and regulations.

Account Security

You agree to:

  • Create a strong and secure password
  • Keep your account information up to date
  • Notify us immediately of any unauthorized use of your account or any other breach of security
  • Ensure that you log out from your account at the end of each session

StartupLiquidity will not be liable for any loss or damage arising from your failure to comply with these obligations.

Services Description

StartupLiquidity provides a platform designed to facilitate liquidity options for startup equity holders. Our services may include:

  • Equity Valuation: Tools and analytics to help you understand the potential value of your startup equity.
  • Marketplace Access: Connection to a network of potential buyers for your startup equity, subject to applicable securities laws and regulations.
  • Transaction Facilitation: Assistance with the documentation and processes necessary to complete transactions.
  • Educational Resources: Information about startup equity, secondary markets, and related topics.

The availability of these services may vary based on your location, the specific equity involved, and applicable regulations. StartupLiquidity does not guarantee that you will be able to sell your equity or achieve any particular outcome.

Fees and Payments

Fee Structure

StartupLiquidity charges fees for certain services provided through the Platform. Current fee schedules are available on our website and include: Transaction fees for completed sales

Payment Terms

You agree to pay all fees and charges associated with your account on a timely basis. For transaction-based fees, these will be deducted from the proceeds of your transaction unless otherwise specified.

Fee Changes

StartupLiquidity reserves the right to change its fees at any time. We will provide notice of any fee changes through the Platform or by email. Your continued use of the Platform after such notification constitutes your acceptance of the new fees.

Transactions

Transaction Process

If you use our Platform to initiate a transaction involving your startup equity:

  • You represent and warrant that you have the legal right to sell or transfer the equity
  • You acknowledge that all transactions are subject to applicable securities laws and regulations
  • You understand that transactions may require approval from the issuing company or be subject to contractual transfer restrictions
  • You agree to provide all documentation and information reasonably requested to complete the transaction

No Guarantee of Execution

StartupLiquidity does not guarantee that any transaction will be completed. Transactions may be subject to various conditions, including buyer interest, company approval, regulatory requirements, and market conditions.

Settlement

For completed transactions, settlement times and processes will vary depending on the nature of the transaction and applicable requirements. StartupLiquidity will make reasonable efforts to ensure timely settlement but is not responsible for delays caused by third parties or circumstances beyond our control.

Use Restrictions

When using the Platform, you agree not to:

  • Violate any applicable laws, regulations, or third-party rights
  • Use the Platform for any illegal or unauthorized purpose
  • Attempt to circumvent any security measures or access controls of the Platform
  • Interfere with or disrupt the operation of the Platform or servers connected to the Platform
  • Scrape, data mine, or otherwise extract data from the Platform without our prior written consent
  • Introduce malware, viruses, or other harmful code to the Platform
  • Impersonate another person or misrepresent your affiliation with any person or entity
  • Post or transmit false, misleading, or fraudulent information
  • Engage in any activity that could damage, disable, or impair the functionality of the Platform

StartupLiquidity reserves the right to investigate and take appropriate legal action against anyone who violates these provisions, including removing content, terminating accounts, and reporting violators to law enforcement authorities.

Intellectual Property

Platform Content

The Platform and all content, features, and functionality (including but not limited to text, graphics, logos, icons, images, audio clips, and software) are owned by StartupLiquidity, its licensors, or other providers and are protected by copyright, trademark, and other intellectual property laws.

Limited License

Subject to your compliance with these Terms, StartupLiquidity grants you a limited, non-exclusive, non-transferable, and revocable license to access and use the Platform for its intended purposes. This license does not include:

  • The right to reproduce, distribute, modify, or create derivative works of the Platform
  • The right to use any data mining, robots, or similar data gathering methods
  • Any resale or commercial use of the Platform or its contents
  • Any use of the Platform that could harm StartupLiquidity or our users

Feedback

If you provide any feedback, suggestions, or ideas about the Platform, you grant StartupLiquidity a perpetual, irrevocable, worldwide, royalty-free license to use, modify, and incorporate such feedback without any obligation to compensate you.

Third-Party Services

The Platform may contain links to third-party websites or services that are not owned or controlled by StartupLiquidity. We have no control over, and assume no responsibility for, the content, privacy policies, or practices of any third-party websites or services.

You acknowledge and agree that StartupLiquidity shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any such content, goods, or services available on or through any such websites or services.

Disclaimers

No Investment Advice

StartupLiquidity is not a registered broker-dealer, investment advisor, or financial advisor. The information provided through the Platform is for informational purposes only and does not constitute investment, legal, or tax advice. You should consult with your own advisors regarding your specific situation.

No Guarantee of Outcomes

StartupLiquidity does not guarantee any specific outcome from using our Platform, including the ability to sell your equity, achieve a specific price, or complete a transaction within a specific timeframe.

As-Is Services

THE PLATFORM AND ALL SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS, WITHOUT ANY WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. STARTUPLIQUIDITY DISCLAIMS ALL WARRANTIES, EXPRESS OR IMPLIED, INCLUDING IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.

Accuracy of Information

While we strive to provide accurate information, we do not warrant that the content on the Platform is accurate, complete, reliable, current, or error-free. Any reliance you place on such information is at your own risk.

Limitation of Liability

TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, STARTUPLIQUIDITY AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, AND AFFILIATES SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING LOSS OF PROFITS, DATA, OR GOODWILL, ARISING OUT OF OR IN CONNECTION WITH YOUR ACCESS TO OR USE OF THE PLATFORM.

IN NO EVENT SHALL STARTUPLIQUIDITY'S TOTAL LIABILITY TO YOU FOR ALL CLAIMS ARISING OUT OF OR RELATING TO THE USE OF THE PLATFORM EXCEED THE GREATER OF (A) THE AMOUNT YOU HAVE PAID TO STARTUPLIQUIDITY IN THE PAST SIX MONTHS OR (B) $100.

SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, SO THE ABOVE LIMITATION MAY NOT APPLY TO YOU.

Indemnification

You agree to indemnify, defend, and hold harmless StartupLiquidity and its officers, directors, employees, agents, and affiliates from and against any and all claims, liabilities, damages, losses, costs, expenses, or fees (including reasonable attorneys' fees) that arise from or relate to:

  • Your use of or access to the Platform
  • Your violation of these Terms
  • Your violation of any rights of another person or entity
  • Your violation of any applicable laws, rules, or regulations

StartupLiquidity reserves the right, at your expense, to assume the exclusive defense and control of any matter for which you are required to indemnify us, and you agree to cooperate with our defense of these claims.

Termination

StartupLiquidity may terminate or suspend your account and access to the Platform immediately, without prior notice or liability, for any reason, including if you breach these Terms.

Upon termination, your right to use the Platform will cease immediately. If you wish to terminate your account, you may simply discontinue using the Platform or contact us to request account deletion.

All provisions of these Terms which by their nature should survive termination shall survive termination, including ownership provisions, warranty disclaimers, indemnity, and limitations of liability.

Dispute Resolution

Governing Law

These Terms shall be governed by and construed in accordance with the laws of the State of California, without regard to its conflict of law provisions.

Arbitration

Any dispute arising from or relating to these Terms or the Platform shall be resolved exclusively through final and binding arbitration in San Francisco, California, in accordance with the Commercial Arbitration Rules of the American Arbitration Association. The arbitration shall be conducted by a single arbitrator, and judgment on the award may be entered in any court having jurisdiction.

Class Action Waiver

YOU AGREE THAT ANY DISPUTES SHALL BE ARBITRATED ONLY ON AN INDIVIDUAL BASIS, AND YOU WAIVE ANY RIGHT TO BRING OR PARTICIPATE IN ANY CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION.

Exceptions

Notwithstanding the foregoing, nothing in these Terms will prevent either party from seeking injunctive relief in a court of competent jurisdiction to protect its intellectual property rights.

Changes to Terms

StartupLiquidity reserves the right to modify or replace these Terms at any time. We will provide notice of any material changes by posting the updated Terms on the Platform and updating the "Last Updated" date. Your continued use of the Platform after any such changes constitutes your acceptance of the new Terms.

It is your responsibility to review these Terms periodically for changes. If you do not agree to the amended Terms, you must stop using the Platform.