Terms and Conditions
Nothing in this website is, or should be deemed to be, an “advertisement” or an offer of investment advisory services by or on behalf of Piper Waterhouse. No content on this website constitutes investment advice, or the offer of any security.
Operating Partners. Operating Partners shown on this site include employees, members or partners of Piper Waterhouse entities. Operating Partners are expected to receive compensation from Piper Waterhouse portfolio companies, and such compensation generally will be borne directly or indirectly by a fund.
Third Party Awards and Designations. The awards and designations presented on this website are the opinion of the respective parties conferring the award or designation and not of Piper Waterhouse. Such persons are unaffiliated with Piper Waterhouse, and the full extent of the scope of firms and data included in the related surveys or evaluations is unknown.
Testimonials. Certain statements about Piper Waterhouse made by portfolio company executives and other persons herein are intended to illustrate Piper Waterhouse’s business relationship with such persons, including with respect to Piper Waterhouse’s facilities as a business partner, rather than Piper Waterhouse’s capabilities or expertise with respect to investment advisory services. Such persons were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with other roles (including roles at portfolio companies), and in certain cases are also owners of portfolio company securities and/or investors in Piper Waterhouse-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.
Forward Looking Statements. Certain information on this website may contain forward-looking statements. The words “believe”, “expect”, “anticipate”, “optimistic”, “intend”, “aim”, “will” or similar expressions are intended to identify such forward-looking statements. Forward-looking statements are inherently uncertain and changing factors, such as those affecting the markets generally or those affecting particular industries, may cause events or results to differ from those discussed on this website. As a result, reliance should not be placed on such statements or the conclusions drawn therefrom. Piper Waterhouse undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Linked Sites. This website may provide links to websites operated by other entities. In addition, third-party sites may be linked to this website, with or without Piper Waterhouse’s consent. Piper Waterhouse does not review or monitor any websites linked from or to this website and is not responsible for the content of any such websites. Accordingly, Piper Waterhouse cannot be held responsible for the information, materials, products or services obtained on or from such other websites, nor will Piper Waterhouse be liable for any damages arising from access to such websites. Any links from or to other websites are provided merely for the convenience of users of this website and the inclusion of these links does not imply an endorsement, representation or warranty by Piper Waterhouse with respect to any such linked websites or the content, products or services contained or accessible through such websites or their operators. Your choice to follow links from or to such websites is at your sole risk. If you link other websites to this website, you may not imply or suggest that Piper Waterhouse has endorsed or is affiliated with such websites, and you may not display this site as “framed” within another website. Piper Waterhouse reserves the right to terminate any link or linking program at any time. Similarly, links or copies of third party articles regarding Piper Waterhouse, its affiliates or its portfolio companies have generally been prepared without the input of Piper Waterhouse and are provided for convenience purposes only. By inclusion on this site, Piper Waterhouse does not represent or warrant the accuracy of such information or take responsibility for its content. Piper Waterhouse disclaims responsibility for the privacy policies and customer information practices of third-party websites linked from or to this website.
Podcasts. All podcasts are property of Piper Waterhouse, LLC. None of the content herein is investment advice, an offer of investment advisory services, nor a recommendation or offer relating to any security.
Your use of this website is governed by the following terms and conditions, as well as the Privacy Policy of Piper Waterhouse LLC (“Piper Waterhouse,” the “Company,” “we” or “us”) and other operating rules, minimum qualifications and cautions posted throughout the website or presented to you individually during the course of your use of the website (collectively, the “Terms”). The Terms govern your use of the website and we reserve the right to update or replace the Terms any time without notice. You are advised to review the Terms for any changes when you visit the website even if you have not received a notification of changes as you are bound by them even if you have not reviewed them. Your viewing and
use of the website after any such change constitutes your acceptance of the Terms and any changes thereto. If at any time you do not want to be bound by the Terms you should logout, exit and cease using the website immediately.
Intended Use of Website
Piper Waterhouse is not a registered investment adviser, broker-dealer or placement agent. At no time does Piper Waterhouse offer, broker, advise, purchase, sell or otherwise transact in securities regulated by the SEC or federal or state law. Piper Waterhouse does not accept, hold or transfer cash or securities. Piper Waterhouse does not guarantee that a Company seeking investment will achieve any level of success or that any proposed offering will qualify under applicable federal and state securities laws.
Piper Waterhouse is not a personal financial advisor. Piper Waterhouse, whether through the website or otherwise, does not provide personal financial advice, loans or credit, banking, consumer credit ratings, credit decisions, financial products, brokerage accounts, insurance, tax advice, legal advice, or financial or legal services of any kind.
Piper Waterhouse does not guarantee any results to anyone. All users of our website are responsible for making their own decisions to use the website for any purpose and for any activity taken on the website, including without limitation, registering and making an investment or otherwise.
Use of Cookies
Our website utilizes different technologies to collect, store and aggregate data about website usage. We may use electronic tags called “cookies” to help us understand and analyze use of the website. This work may be performed by us or a third party engaged by us for this purpose. We collect information about various aspects of a user’s interaction with the website, including, but not limited to, the webpages accessed and the length of such access, the country from which the user accesses the website, and certain technical information regarding the user’s computer and operating systems, such as user Internet protocol address, domain name and browser, etc.
Certain sections of our website require cookies to be enabled to enhance site performance. For example, cookies provide a secure way for us to verify user identity during a session and any return visits, they enable us to personalize a user’s experience, and they help enhance navigation. Cookies also help us to understand how people use our website so we can improve its functionality.
When a user comes to the website, our server sends a cookie to the user’s computer. Standing alone, cookies do not identify the user personally; they merely recognize the user’s browser. Generally, PII is obtained only when a user decides to provide it, such as when requesting additional information via email or providing personal information.
We use two types of cookies on our website: temporary cookies and persistent cookies. Temporary cookies are used to store information during a browser session and will expire shortly after concluding a visit to one of website. Persistent cookies are used to store information between visits to website and are stored permanently or for a specified length of time. Persistent cookies are used to facilitate easier navigation within website and provide a higher level of convenience for the user.
A user can choose to have their computer issue a warning each time a cookie is being sent, or a user can choose to turn off all cookies. The management of cookies generally is handled through the user’s browser settings (e.g., Internet Explorer). To obtain more information about managing cookies, visit www.aboutcookies.org.
Social Media Features
Our website may include social media features such as the Facebook “Like” button, Twitter, and other “share this” buttons. These features are interactive mini-programs and may collect your IP address, which page you are visiting on our website, and may set a cookie to enable the feature to function properly. Social media features and widgets are either hosted by a third party or hosted directly on our website. Your interactions with these features are governed by the privacy policy of the company providing it.
Content Use Limitations
Your use of the website and its videos, webinars, images, infographics, alerts, text, articles, assessments, checklists, forms, ratings, design, data, source code, analytics, photos, software, trademarks, copyrights, or other information (collectively, “Content”) may only be used for the lawful and intended purposes expressly authorized by us. If you access this website from outside the United States, you are solely responsible for ensuring compliance with the laws of your specific jurisdiction, as well as any restrictions that you may be subject to by any department or agency of the United States government. Any misuse or unauthorized use of the website and its Content, or other violations of the Terms may violate Applicable
Law (see below), including without limitation SEC regulations and applicable state securities laws, copyright laws (including the Digital Millennium Copyright Act), trademark laws, the laws of privacy, laws of publicity, identity theft and communications statutes and regulations, in which case, we are authorized to terminate your access to the website at any time and without notice and report you to the appropriate authorities and other interested parties.
Prospective Investor Accounts
Any person or entity that is considering making an investment with a company that posts its fundraising plans on the website, or, after the fundraising plan becomes a qualified offering, makes an investment, does so at his or her own risk. All investments carry the risk that you may lose some or all of your investment. No Content on the website is a replacement for performing your own due diligence, exercising good judgement, and seeking financial, investment, tax or legal advice from qualified and licensed professionals with knowledge of your personal circumstances. Any financial, legal or tax representatives or firm working for or with Piper Waterhouse or communicating with you or users in general through the website are not your personal advisors and do not have knowledge about your personal circumstances. Anything they post is for informational purposes only and may not be accurate to your situation, and you agree that you shall not rely on any Content on the website in making any
decisions about an investment or the potential legal, tax or financial consequences of such investment. You are strongly encouraged to seek personal professional advice from qualified and licensed professionals before making any financial or investment decision.
You are solely responsible for your investment decisions. While you may be asked about your identity, individual financial circumstance and investment experience and sophistication during your engagement with the website, Piper Waterhouse and its affiliates, advisors and vendors are not responsible to verify the veracity of the information provided by you, even if you certify to its truth or undergo a suitability review. Whether you are an “accredited investor”, as such is defined under applicable securities laws, or a non-accredited investor or an institutional investor, Piper Waterhouse and the companies seeking investment will rely on your representations with respect to your investment experience, your financial
status and your eligibility to invest. You may, further, be held personally liable for your fraud, negligence and other bad acts that may result from any false representations by you.
No Recommendations, Offerings, Advice or Solicitation
Nothing contained on our website constitutes an offer of, or solicitation for, the purchase or sale of any securities under any circumstances. The information provided on the website is for informational purposes only and should not be relied on for purposes of making any investment decision. In making an investment decision, investors should rely solely on information contained in the offering materials and related subscription documents (collectively, “Offering Materials”) for the relevant investment opportunity. Offers and sales of interests in any investment opportunity will only made in those jurisdictions permitted by law and only to eligible investors as described in the Offering Materials. Such materials will contain more complete information on the applicable investment opportunity, including important disclosures concerning fees, expenses, conflicts of interest and risk factors. Please read such materials carefully before making any investment decision. No investment, information or materials
provided on the website have been recommended or approved by the Securities and Exchange Commission or any federal or state securities commission or regulatory authority. Any representation to the contrary is a criminal offense.
Investing Is at Your Own Risk
PAST PERFORMANCE IS NO GUARANTEE OF FUTURE RESULTS, AND ANY EXPECTED RETURNS OR HYPOTHETICAL PROJECTIONS MAY NOT REFLECT ACTUAL FUTURE PERFORMANCE. FURTHERMORE, PAST RETURNS MAY REFLECT THE PERFORMANCE OF ASSETS FOR A FINITE TIME, OR DURING A PERIOD OF EXTREME MARKET ACTIVITY. ALL INVESTMENTS INVOLVE RISK AND MAY RESULT IN PARTIAL OR TOTAL LOSS. There can be no assurance that an investment mix or any projected or actual performance shown on the website will
lead to the expected results shown therein or perform in a predictable manner. It should not be assumed that investors will experience returns in the future, if any, comparable to those shown or that any or all investors on the website have or will experience such returns.
In considering any performance information shown on the website, one should bear in mind that past or targeted performance is not indicative of future results, and there can be no assurance that any issuer will achieve comparable results or that target returns will be met. One should also bear in mind that targeted portfolio characteristics are not indicative of future results, and there is no assurance that target portfolio characteristic will be achieved.
PROJECTED AND/OR HYPOTHETICAL PERFORMANCE DOES NOT REPRESENT AN ACTUAL INVESTMENT IN ANY OF THE OFFERINGS SPONSORED BY PIPER WATERHOUSE OR ITS AFFILIATES, MAY NOT REFLECT THE POTENTIAL EFFECT OF MATERIAL ECONOMIC AND MARKET RELATED FACTORS, AND DO NOT REPRESENT THE ACTUAL PERFORMANCE OR EXPERIENCE OF ANY GIVEN INVESTOR ON THE WEBSITE. Nothing contained on the website should be deemed to be a prediction for projection of future performance of any issuer. Prospective investors should make their own investigations and evaluations of the information contained herein. Each prospective investor should consult its own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning the information contained herein and such offering.
The information shown on the website uses or includes information compiled from sources outside of Piper Waterhouse and its affiliates. While such information is believed to be reliable for the purposes used herein, neither Piper Waterhouse, nor any of its affiliates or partners, members or employees, assume any responsibility for the accuracy of such information. Unless otherwise indicated, the information on the website has not been reviewed, compiled, or audited by any independent third party or public accountant. Actual investors may experience different results from any hypothetical results shown. There is a potential for loss, as well as gain, which is not reflected in the hypothetical information portrayed. The hypothetical performance results shown do not represent the results of actual investment activity but were achieved by means of the retroactive application of a model designed with the benefit of hindsight. Investors should carefully review the additional information presented on the website as part of any hypothetical calculation.
Some of the statements contained on the website are forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, levels of activity, performance, or achievements to be materially and adversely different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. An investment in any issuer available on the website involves substantial risks, including risk of partial or total loss of investment, and each investor should carefully consider the risk factors contained in each issuer’s offering circular, private placement memorandum, or prospectus. Except as required by law, neither Piper Waterhouse nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. The information presented regarding each issuer’s offering, including information regarding financial status, business strategy, investment objectives, historical performance, projections, redemption plans, etc., merely constitutes a summary of such information and is qualified in its entirety by the disclosure
contained in each issuer’s offering circular, private placement memorandum, or prospectus. There can be no guarantee that any issuer available on the website will achieve its business objectives or that it will become profitable.
Availability of Website
Piper Waterhouse does not warrant the website, its Content or any services provided or offered on the website will be uninterrupted, timely, or virus or error free. You agree not to modify, damage, disrupt, disable, overburden, impair, alter or interfere with the use, features, functions, operation, security or maintenance of the website or the rights or use and enjoyment of the website by any other person or entity in any manner. By using the website, you release Piper Waterhouse, its employees, contractors, advisors, vendors, agents, and affiliates against any and all loss, damage, and claims, in whatever manner, howsoever caused arising from or related to your use of the website.
Disclaimers, Exclusions, and Limitations of Liability
THE WEBSITE AND ITS CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS AND USE OF THE WEBSITE IN ANY MANNER IS SOLELY AT YOUR OWN RISK. TO THE FULLEST EXTENT PERMITTED BY LAW, PIPER WATERHOUSE DOES NOT GUARANTEE, AND EXPRESSLY EXCLUDES ALL REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, RELATING TO THE WEBSITE AND ITS CONTENT AND PROFESSIONAL SERVICES, WHETHER PROVIDED BY PIPER WATERHOUSE, OUR AFFILIATES, OUR CUSTOMERS, COMPANIES SEEKING INVESTMENT, ADVISORS, INVESTORS OR ANY OTHER THIRD PARTY, INCLUDING IN RELATION TO ANY INACCURACIES, ERRORS, OR OMISSIONS ON THE WEBSITE, ITS CONTENT, FINANCIAL ADVICE, AND/OR MARKETING MATERIALS.
PIPER WATERHOUSE SHALL HAVE NO LIABILITY FOR ANY DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR USE, DELAY, OR UNAVAILABILITY OF THE WEBSITE AND ITS CONTENT, INCLUDING LOSS OF MONEY, INABILITY TO CONCLUDE AN INVESTMENT, SUSPENSION OR TERMINATION OF YOUR ACCOUNT AND FOR ANY DAMAGE CAUSED TO YOUR COMPUTER, COMPUTER SOFTWARE, SYSTEMS, PROGRAMS, AND THE DATA THEREON. UNDER NO CIRCUMSTANCES WILL PIPER WATERHOUSE OR ITS AFFILIATES, ADVISORS AND VENDORS BE LIABLE FOR ANY DAMAGES, INCLUDING GENERAL, SPECIAL, PUNITIVE, DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, OR ANY OTHER DAMAGES (INCLUDING, WITHOUT LIMITATION, LOST PROFITS OR BUSINESS INTERRUPTION) OF ANY KIND WHETHER IN AN ACTION IN CONTRACT, TORT, OR NEGLIGENCE ARISING OR RELATING IN ANY WAY TO THE USE OR INABILITY TO USE BY ANY PARTY OF THE WEBSITE, THE CONTENT, OR ANY THIRD-PARTY WEBSITE THAT IS LINKED TO BY THE WEBSITE, OR IN CONNECTION WITH ANY FAILURE OF PERFORMANCE, ERROR, OMISSION, INTERRUPTION, DEFECT, DELAY IN OPERATION OR TRANSMISSION, COMPUTER VIRUS, OR LINE OR SYSTEM FAILURE, EVEN IF IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, LOSSES, OR EXPENSES.
Waiver
Failure of Piper Waterhouse to insist upon strict performance of any provision of the Terms or the failure of Piper Waterhouse to exercise any right or remedy to which it is entitled shall not constitute a waiver thereof and shall not affect the validity of the Terms, or any part thereof, or Piper Waterhouse’ right to enforce each and every provision. If any of the Terms are deemed invalid or unenforceable for any reason (including, but not limited to the exclusions and limitations set out above), then the invalid or unenforceable provision will be severed from the Terms and the remaining Terms will continue to apply.
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Disclaimer
All offers and sales of any securities will be made only to Accredited Investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds or hold certain SEC approved certifications. Any securities that are offered, are offered in reliance on certain exemptions from the registration requirements of the Securities Act of 1933 (primarily Rule 506(c) of Regulation D and/or Section 4(a)(2) of the Act) and are not required to comply with specific disclosure requirements that apply to registrations under the Act. There are risks associated with investing and securities in general. Investing involves risk of loss including loss of principal. Some high-risk investments which use leverage may accentuate gains and losses. Past investment performance is not a guarantee or predictor of future investment performance. Further, the content on this website is not intended to be investment, legal, or tax advice. Piper Waterhouse is not acting as an investment adviser, attorney, or tax professional and nothing on this website should be construed as personalized advice. Prior to making any investment decision, you should consult with your own investment, legal, and tax advisors to evaluate the risks, consequences, and suitability of the investment opportunity. Your specific circumstances may, and likely will, vary.
Privacy Policies
In addition to these Terms of Use, your use of and access to the Website is also subject to our Website Privacy Notice (the “Website Privacy Notice”), the California Website Privacy Notice (the “California Website Privacy Notice”), the EU-UK Privacy Notice (the “EU-UK Privacy Notice”), and the Cayman Privacy Notice (the “Cayman Privacy Notice”), which are incorporated by reference herein, as applicable. Our Website Privacy Notice and the above supplemental privacy notices contain additional terms relating to our potential collection, use and disclosure of your personal information, as applicable. You agree that you have read, agreed to and understand our Website Privacy Notice, California Website Privacy Notice, EU-UK Privacy Notice, and Cayman Privacy Notice, as applicable.
