Startup Steroid is a deal flow platform which provides startup founders to create their profile and upload their company information, and provides investors ability to view the information as a part of their startup evaluation and investment process. The sole purpose of the platform is to enable the exchange of the information between startups.
• On the Startup Steroid Platform;
• In e-mail, text and other electronic messages between you and Startup Steroid, on the Startup Steroid Platform or otherwise; and
• Us offline or through any other means, including on any other website operated by Startup Steroid or any third party (including our affiliates and subsidiaries); or
• Any third party (including our affiliates and subsidiaries), including through any application or content (including advertising) that may link to or be accessible from or on the Startup Steroid Platform.
What is “personal data”?
"Personal data" is any data that (1) is recorded in any form, (2) is about or pertains to a specific individual and (3) can be linked to that individual. For example, and without limitation, your first and last names, address, email address, telephone number, and other contact information, and the deals in which you have participated are "personal data."
What kind of personal data is collected?
We collect personal data at different stages of your use of the Startup Steroid Platform.
When you visit Startup Steroid.com- If you visit StartupSteroid.com or our white label instances on ssdspv.com or use an interface which interacts with Startup Steroid.com, whether or not you sign-in as a registered user, we collect your IP address, the location of your Internet Service Provider, the type and version of Internet browser that you are using, and the website from which you came. We also collect information regarding your site usage, such as the time spent on a page and the number of pages you viewed.
When you interact with the Startup Steroid Platform -We also collect personal data that you provide when you interact with the Startup Steroid Platform such as, for example, by sending a message or uploading documents, or when exchanging correspondence with us such as through emails.
When you use your account - We collect information that you provide or create when you use your account:
• If you are an Investor: you may provide information about yourself, such as your contact information, picture, bio, experience, or Organizations to which you belong. While the Organization’s name will be made public, no investor information will be publicly disclosed.
• If you are an entrepreneur: and you represent a company that is seeking investors, you may provide information about yourself, your company, and your company’s management team including but not limited to financial statements, pitch decks, offering documents, and other trade secrets. You may also provide video recordings or pictures. All information you put onto the Startup Steroid Platform is confidential unless you decide to share any of it, with the exception of basic application information, which will only be confidential if you opt out of disclosing such information to accelerators.
How is personal data collected?
We collect personal data directly from you when you provide it through your use of the Startup Steroid Platform, such as in emails or when you fill out forms that are displayed on the Startup Steroid Platform.
For what purpose will my personal data be used?
Startup Steroid uses your personal data to maintain your account and to provide you with the group and deal-flow management and other services offered on the Startup Steroid Platform. We also use your personal data to respond to requests that you make of us, and to contact you and to provide you with information that we believe may be of interest to you.
We may also use your name and contact information to make queries to social networking and other sites, such as LinkedIn, for a variety of purposes, including, but not limited to, verifying your identity, and showing you how you are linked or connected to other individuals who are also Startup Steroid users.
Your personal data may also be shared with companies in the Startup Steroid family of companies or to third parties as described below.
Can third parties see my personal data?
• If you are an investor- The Startup Steroid Platform allows the administrator of an investment group on the Startup Steroid Platform (“Organization Administrator”) the ability to set certain settings in the profile of the investor members of the Organization. The Organization Administrator decides which information is available for access or review by entrepreneurs and/or other investor members of the Organization according to the policies of the Organization. Please note that(1) the default settings that are set by an Organization Administrator may change from time to time; (2) each Organization may opt for different default settings. While the Startup Steroid Platform includes initial defaults, Startup Steroid has no control over the choice of a setting or the change in a default setting by an Organization’s Administrator.
• If you are an entrepreneur- If you are an entrepreneur and you have posted or uploaded information about you and/or your team, this information is disclosed to the Organizations to whom you have chosen to disclose the information.
With whom may Startup Steroid share personal data?
Under certain business or legal conditions, Startup Steroid may have to disclose your personal data to others as follows:
• Within the Startup Steroid organization – Startup Steroid may now or in the future have a parent, subsidiary or related company or companies within the Startup Steroid family of companies. Startup Steroid has the right to share all personal data with all such affiliated companies.
• Service Providers - Startup Steroid may engage other companies and individuals to perform necessary business functions on behalf of Startup Steroid (e.g. customer service or email provider). If it is necessary to perform these functions, these companies or individuals may have access to personal data of our users. These service providers have agreed not to use the personal data for any other purpose other than providing the required services
• Legally Required Disclosure -Under certain circumstances, disclosure of your personal data may be required by law. Startup Steroid may disclose your personal data (1) if, in its own best judgment, it is required by law to do so in order to comply with a facially valid judicial or governmental subpoena, warrant, bankruptcy proceedings, or other order, or (2) to a government institution that has asserted its lawful authority to obtain the information, or (3) when we believe in good faith that disclosure is necessary to protect our rights, protect your safety or the safety of others, investigate fraud.
Can I access or change my personal data?
Upon request Startup Steroid will provide you with information about whether we hold any of your personal information. If your personal data changes, you may correct, update, or amend by making the change on our member information page or by emailing our Customer Support at [email protected] or by contacting us by postal mail at the contact information listed below. If you wish to delete/remove/deactivate your profile, remove your testimonial from our site, or opt out of sharing basic application information, please email us at [email protected] We will respond to your request within 30 days.
We will retain your information for as long as your account is active to provide you services. We will retain and use your information as necessary to comply with our legal obligations, resolve disputes, and enforce our agreements.
For auditing and security purposes, Startup Steroid keeps a log of all users' activities, which is retained in its archives as necessary for Startup Steroid to fulfill its obligations. Users may have access to the personal data that pertain to them. However, because the administrative and technical burden associated with the retrieval of these archived data is substantial, Startup Steroid charges a fee for this effort in a manner that is consistent with its actual cost. In addition, each user's right of access may be limited to the extent that providing access might infringe on a third party's privacy rights. Requests for access to this archived information are handled on a case-by-case basis, after Startup Steroid has verified the identity of the requestor. Inquiries should be made as provided in the section.
You can delete any personal data that is recorded in the profile that you create for yourself as an investor or for your company, or as an entrepreneur.
We display video testimonials of Investors and entrepreneurs on our site in addition to other endorsements. With your consent we may post your video testimonial along with your name. If you wish to update or delete your testimonial, you can contact us at [email protected]
Sign up invitations
If you choose to invite a user to our platform, we will ask you for a name and email address. We will automatically send your invite a one-time email inviting him or her to visit the site. Startup Steroid stores this information for the sole purpose of sending this one-time email and tracking the success of invites claimed. Your invitee may contact us at [email protected] to request that we remove this information from our database.
Cookies and other Tracking
Startup Steroid uses 'cookies.' A cookie is a small amount of data sent to a user's web browser from a web server, which is then stored on the user's hard drive. Cookies are used to make site navigation easier, and can help recognize a returning visitor. Startup Steroid's cookies do not generate any personal data, do not read personal data from your computer, and are not tied to any personal data. Most browsers automatically accept cookies. You can instruct your browser, by editing its options, to stop accepting cookies, or to prompt you before accepting cookies from the sites that you visit. If you decide not to accept our cookies, some or all features of the site may not be available because navigation on the site is facilitated by cookies. You can delete cookies from your computer at any time.
Various Log file information is automatically reported by your browser each time you access a web page. When you use the Startup Steroid Platform, our servers automatically record certain information that your web browser sends out whenever you visit any website. These server logs may include information such as your web request, IP address, browser type, referring/exit pages, operating system, date/time stamp, the files viewed on our site (e.g., HTML pages, graphics, etc.) and URLs, number of clicks, domain names, landing pages, pages viewed, and other similar information.
What security measures are in place to protect my personal data?
Startup Steroid uses physical, technical, and administrative procedures in order to safeguard and protect personal data from loss, misuse, unauthorized access, disclosure, alteration, and destruction. However, while we do our best to implement reasonable security measures, we do not guarantee that our safeguards will always work.
Startup Steroid uses industry-standard technological means to protect your personal data while in transit through the Internet. We use encryption and a comprehensive authentication protocol to provide reasonable security. However, please remember that no security system on the Internet is perfect. If you have any questions about security on our Web site, you can contact us at [email protected]
Startup Steroid may communicate with you in response to your requests for service or customer support. We will contact you by phone or by email, according to your preference.
Startup Steroid may provide links to other websites. We are not responsible for the privacy practices or content of these sites. In order to safeguard your privacy, please review the privacy policies of any sites that you may visit before providing any personal data to these third party sites.
Limitation of Liability
Startup Steroid exercises reasonable efforts to safeguard the security and confidentiality of your personal data; however, transmissions protected by industry standard technology and administered by humans cannot be guaranteed to be secure. Startup Steroid will not be liable for unauthorized disclosure of personal data that occurs through no fault of Startup Steroid including, but not limited to, errors in transmission, access to your account by anyone using your user ID and password, your failure to comply with your security obligations, and the unauthorized acts of Startup Steroid's employees.
California Privacy Rights
California Civil Code Section § 1798.83 permits users of the Startup Steroid Platform that are California residents to request certain information regarding our disclosure of personal data to third parties for their direct marketing purposes. To make such a request, please send an e-mail to [email protected] or write us at: Startup Steroid Deal Flow Inc., 6789 Quail Hill Pkwy, Suite 541, Irvine, California 92603.
You will have the right to terminate your account at any time.
California Do Not Track Disclosures
No action is taken in response to web browser “do not track” signals or other mechanisms that provide consumers the ability to exercise choice regarding the collection of personally identifiable information about an individual consumer’s online activities over time and across third-party web sites or online services. Although we use Google Analytics and other third party tracking tools for the Startup Steroid Platform, we are not aware if third parties collect personally identifiable information about an individual consumer’s online activities when a consumer uses the Site
Contacting Startup Steroid
Startup Steroid Deal Flow Inc. owns and operates the Startup Steroid.com and ssdspv.com website and the Startup Steroid Platform. Our mailing address is: Startup Steroid Deal Flow Inc., 6789 Quail Hill Pkwy, Suite 541, Irvine, California 92603.
The Platform and your Account
About StartupSteroid. StartupSteroid is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. StartupSteroid merely operates the Platform upon which fund managers, investment advisors, issuers, and investors can provide fund and investment related information, seek and find investments and investors, collaborate, and share information in a secure, online environment. Such investments may include startups, real estate, venture funds, and other alternative investment assets. Issuers may list securities on the Platform in which investors may invest in these securities. The platform allows issuers and investors to facilitate payments and help track investment transaction history. StartupSteroid does not hold funds or securities on behalf of any issuer or investor. Unless otherwise agreed to in writing, communications from StartupSteroid are intended solely for informational purposes and should not be construed as investment advice and are not meant to be a solicitation or recommendation to buy, sell, or hold any securities mentioned. At present, StartupSteroid is exempt from federal registration as an investment adviser because it does not provide "continuous and regular supervisory or management services" contemplated by the definition of "investment adviser" under the Investment Advisers Act of 1940.
Eligibility. To be eligible to access our Platform or use our Services, you must be at least 18 years old. Each investment product and service referenced on the Platform is intended to be made available only to investors, corporations, or other legal entities and is only available in jurisdictions where that investment product or service may lawfully be made available. You agree that you have all requisite authority to enter into and use the Services contemplated by these Terms of Service.
About Your StartupSteroid Account. In order to access certain features of or to post content on the Platform, you must register to create an Account ("Account"). You must complete the registration process by providing us with current, complete and accurate information. You will also choose a password. By creating this Account, you represent that you are either: (i) an individual and wish to place orders on your own behalf, or (ii) an individual authorized to place orders on behalf of a corporation or other entity.
Your Information. You agree that the information you provide during the registration process is current, accurate, truthful, and complete, and you will regularly update this information to maintain its completeness and accuracy. You are responsible for maintaining the confidentiality of any Account information that you use to access any feature on the Platform, and also for logging off of your Account and any protected areas of the Platform. Further, you are fully responsible for all activities occurring under your Account that result from your failure to use or maintain appropriate security measures. If you become aware of any suspicious or unauthorized conduct concerning your Account, you agree to contact us immediately. We will not be liable for any loss or damage arising from your failure to promptly notify us of such conduct.
Verification. To help fight the funding of terrorism and money laundering activities, federal law requires StartupSteroid to obtain, verify and record information that identifies each person who opens an Account or is considered a control person for an Account opened for a corporation, partnership, trust, or other legal entity. Legal entities may need to provide other information, such as a principal place of business, tax identification number, articles of incorporation, partnership agreement, trust agreement, or a government-issued business license. You agree to provide StartupSteroid with all required information or documentation that allows us to verify your identity. Any required information you provide to StartupSteroid may be subject to verification, including through the sharing of such information with third parties for this purpose. Your Account may be rejected, restricted, or closed if StartupSteroid cannot verify required information.
Closing Your Account. You may ask StartupSteroid to close your Account by emailing us at [email protected] Once your Account is closed, you may still access the Platform to access transaction confirmations and any applicable tax forms.
U.S. Economic Sanctions. You represent that you, or the entity for which you are acting as an authorized person, have not been designated by the U.S. Department of Treasury’s Office of Foreign Assets Control ("OFAC") as a Specially Designated National or Blocked Person, you have no reason to believe that you would be considered a Blocked Person by OFAC, and you do not reside in a restricted country. You also represent that, to the best of your knowledge, you are not employed by or acting as agent of any government, government-controlled entity or government corporation restricted under OFAC. You understand that if your application violates OFAC guidelines, your Account may be declined or restricted from certain activity.
StartupSteroid’s Role in Transactions. You understand and agree that StartupSteroid will treat all investments for the purchase of securities through your StartupSteroid Account as authorized by you and in reliance on your promise that an actual purchase is intended. We do not guarantee that the Platform will be available to you at all times. StartupSteroid reserves the right to suspend access to the site without prior notice during scheduled or unscheduled system repairs or upgrades.
Our Relationship with Issuers. StartupSteroid enters into agreements with certain issuers who may provide information about their securities on the Platform. We are authorized to transmit your information to the issuers and execute your requests and instructions. Security ownership is transferred to you directly from the issuer.
StartupSteroid does not hold securities. The terms and features of the securities available on the Platform are at the discretion and control of the issuer and will be stated in the offering memorandum for each security. Issuers will make the offering memorandum for each security available to qualified investors. It is your responsibility to review and understand the information in the offering memorandum before placing an order for securities
Nondisclosure of Material, Nonpublic Information. In connection with the Services it provides, StartupSteroid may come into possession of confidential, material, non-public information. We are prohibited from improperly disclosing or using this information for our own benefit or for the benefit of any other person. We maintain policies and procedures designed to prohibit the communication of this information to persons who do not have a legitimate need to know the information, to meet our obligations to issuers, and to remain in compliance with applicable regulations. You understand and agree that, in certain circumstances, we may have information that, if disclosed, might affect your decision to buy a security, but that we will be prohibited from communicating to you or using for your benefit.
Facilitating Payments. Opening an Account and browsing our Platform are offered to you free of charge. In the event that you wish to make a transaction, StartupSteroid provides Services to the issuer for the purchase of that security using one of our permitted payment methods.
Transaction Amounts and Limitations. StartupSteroid reserves the right to deny an investment transaction or to place a limit on the dollar amount of a transaction for any reason, or for activity that StartupSteroid, in its sole discretion, believes to be suspicious on your Account. If StartupSteroid limits an investment, you can request a review and an exception on a case-by-case basis. StartupSteroid imposes minimum and maximum transaction amounts for each investment and may change those minimum and maximum amounts from time to time.
Applicable Rules and Regulations. All transactions in your Account will be subject to StartupSteroid’s internal rules and policies and, where applicable, to FINRA rules and regulations, the provisions (and exemptions) of the Securities Act of 1933, Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, the rules and regulations of the SEC, the Board of Governors of the Federal Reserve System, any applicable self-regulatory organizations, and other federal and state laws and regulations. In no event will StartupSteroid be obliged to affect any transaction it believes would violate any federal or state law, rule or regulation, or the rules or regulations of any regulatory or self-regulatory body.
Provide Accurate Information. You agree to provide true, accurate, current and complete information about yourself and your accounts maintained at other websites, including financial institutions. You will not misrepresent your identity or your account information. You represent that you have all the rights to provide such information and license the Content, as defined below. You agree to keep your account information up to date.
License. You are licensing to StartupSteroid and its service providers, any information, data, passwords, materials or other content (collectively, "Content") you provide through the Platform. You license the Content to StartupSteroid and its service providers to access, use and store the Content. StartupSteroid and its service provider may use, display, distribute and reproduce the information obtained via the Platform exclusively for the purposes outlined in these Terms of Service. You may revoke this license at any time by emailing [email protected]
Third-Party Accounts. By using the Platform, you authorize StartupSteroid and its service providers to access third-party sites designated by you, on your behalf, to retrieve information requested by you, and to register for accounts. For all purposes hereof, you grant StartupSteroid and its services providers a limited power of attorney, and you hereby appoint StartupSteroid and its service providers as your true and lawful attorney-in-fact and agent, with full power of substitution and re-substitution, for you and in your name, access third-party internet sites, servers or documents, retrieve information, and use your information exclusively for the purposes outlined in these Terms of Service. You understand that StartupSteroid and its service providers may access your third-party accounts any time and obtain access to the information in such third-party accounts at any time while you have an account with StartupSteroid
Electronic Fund Transfer Disclosure Statement
The following disclosures are made in accordance with the federal law regarding electronic payments, deposits, transfers of funds, and other electronic transfers to and from your account(s). There may be limitations on account activity that restrict your ability to make electronic fund transfers. Any such limits are disclosed in the appropriate agreements governing your bank services account.
Electronic Fund Transfer Definition. Any transfer of funds, other than a transaction originated by check, draft, or similar paper instrument, that is initiated through an electronic device or computer to instruct us to debit or credit an account. Electronic Fund Transfers include such electronic transactions as direct deposits or withdrawals of funds, transfers initiated via telephone, website, or mobile application. Authorization for a single Electronic Fund Transfer shall be evidenced by your acceptance of the following (or substantially similar) verbiage at the time the transfer is initiated:
I authorize StartupSteroid to debit the account indicated for the amount noted on today’s date. I will not dispute StartupSteroid debiting my account, so long as the transaction corresponds to the terms in this online form and my agreement with StartupSteroid.
Preauthorized Electronic Fund Transfer Definition. An Electronic Fund Transfer that you have authorized in advance to recur at substantially regular intervals; for example, direct deposits into or withdrawal of funds out of your account. Authorization for a recurring Electronic Fund Transfer shall be evidenced by your acceptance of the following (or substantially similar) verbiage at the time the transfer is initiated
I authorize StartupSteroid to debit the account indicated for the recurring transactions according to the online form and my agreement with StartupSteroid I will not dispute StartupSteroid so long as the transactions correspond to such terms. This payment authorization is valid and will remain effective unless I cancel this authorization by emailing StartupSteroid at [email protected] at least three (3) business days in advance.
Authorized Transfers Liability. You are liable for all Electronic Fund Transfers that you authorize, whether directly or indirectly.
Unauthorized Transfers Liability. Inform StartupSteroid immediately if you believe your account or PIN or access information is lost or stolen or has been or may be subject to unauthorized Electronic Fund Transfers. Immediate notification is necessary in order to keep your possible losses to a minimum. You could lose all the money in your account(s). StartupSteroid can be reached by telephone at (833) 266-5556, email at [email protected], or via support message.
If you tell StartupSteroid within two (2) business days after learning of the loss or theft of your account access device, or after learning of any other unauthorized transfers from your account involving your account access device, you can lose no more than $50 if Electronic Fund Transfers are made without your permission. For these transactions, if you DO NOT tell StartupSteroid within two (2) business days after learning of the loss, theft, or unauthorized use, and it can be established that the bank could have prevented the unauthorized transfer(s) if you had told them in time, you could lose as much as $500.
Also, if your periodic account statement shows unauthorized transfers and you DO NOT tell StartupSteroid within sixty (60) days after the statement was delivered to you, you may not get back any money you lose after the sixty (60) day period if StartupSteroid can prove that the bank could have prevented the unauthorized transfer(s) if you had told them in time. If an extenuating circumstance (such as extended travel or hospitalization) prevents you from promptly notifying StartupSteroid of a suspected lost or stolen access device or of any other suspected unauthorized transfer(s), the time periods specified in this section may be extended for a reasonable period.
Wire Transfer Statement
Payment Order.You may only initiate a wire transaction via the StartupSteroid Platform. You are solely responsible for the accuracy of the information contained in the payment order. The wire transactions shall be completed relying exclusively on the information and numbers given by you. StartupSteroid has no duty to determine whether the name and bank account number refer to the same person, bank, or account. StartupSteroid will not take any responsibility for detecting erroneous payment orders.
Security Procedures. You will be required to use a two-factor authentication control, in addition to your login, to authorize a wire transaction. You agree that this control is an appropriate security procedure designed to verify the authenticity of the order, and not to detect errors in transmission. You agree that this security procedure is a commercially reasonable method of providing security against unauthorized payment orders and that you shall be bound by any payment order, whether or not authorized, issued in your name and sent to StartupSteroid in compliance with the security procedures.
Authorization to Transfer Funds. Via the wire services, you authorize StartupSteroid to execute payment orders on your behalf and to debit your account specified in the payment order for the amount of such transfer.
No Cancellation. All wire requests shall be considered final and shall not be subject to stop payment or recall orders.
Time Restrictions. 10:00 AM PST (Monday-Friday, excluding U.S. federal holidays) is the cut-off time for international wires, and 1:00 PM PST (Monday-Friday, excluding U.S. federal holidays) is the cut-off time for domestic wire transfers. Any wire transfer instructions received after these times will be processed the following business day.
Electronic Signatures and Delivery of Documents
Electronic Delivery of Documents. You agree that StartupSteroid will provide you with an electronic copy of all documents and communications related to your Account, for example, transaction confirmations, Account statements and tax reporting documentation. When documents related to your Account are available, we will send a notice to the email address you have provided, and you will be able to view the documents at any time by logging onto the Platform.
Restricted Activities. In connection with your use of our Platform, or our Services, or in the course of your interactions with StartupSteroid, you agree that you will not:
Breach these Terms of Service or any other agreement that you have entered into with StartupSteroid (including any StartupSteroid policies);
Violate any law, statute, ordinance, or regulation;
Infringe StartupSteroid’s or any third-party’s copyright, patent, trademark, trade secret or other intellectual property rights, or rights of publicity or privacy;
Act in a manner that is defamatory, trade libelous, unlawfully threatening or unlawfully harassing;
Post comments that are false, inaccurate, misleading, defamatory, or contain libelous content;
Post comments containing personal information, including without limitation, telephone numbers, street addresses, and last names;
Provide false, inaccurate or misleading information;
Pay for your transactions with fraudulent funds or with what we reasonably believe to be potentially fraudulent funds;
Refuse to cooperate in an investigation or provide confirmation of your identity or any information you provide to us;
Use an anonymizing proxy;
Control an Account that is linked to another Account that has engaged in any of these restricted activities. We may use evidence other than the Account information to determine whether you control an Account in someone else’s name, including but not limited to IP addresses, common business names, phone numbers and mailing addresses; or
Use the Services in a manner that results in or may result in complaints, disputes, claims, fees, fines, penalties and other liability to StartupSteroid or you.
Access and Interference. Much of the information on our Platform is updated on a real-time basis and is proprietary or is licensed to StartupSteroid by third parties. The Platform contains robot exclusion headers. You agree that you will not:
Use any robot, spider, scraper or other automated means to access the Platform for any purpose without our express written permission;
Attempt to obtain unauthorized access to any features of the Platform, or to any other protected materials or information, through any means not intentionally made available to you by StartupSteroid;
Take any action that may impose (in our sole judgment) an unreasonable or disproportionately large load on our infrastructure;
Copy, reproduce, modify, create derivative works from, distribute, or publicly display any content from the Platform without the prior expressed written permission of StartupSteroid and any third-party, as applicable;
Interfere, or attempt to interfere with, the proper working of the Platform or any activities conducted on the Platform;
Facilitate any viruses, Trojan horses, worms, or other computer programming routines that may damage, detrimentally interfere with, or surreptitiously intercept or expropriate any system, data or information;
Use any device, software or routine to bypass our robot exclusion headers or other measures we may use to prevent or restrict access to the Platform; or
Take any action that may disrupt or cause us to lose any of the services from our internet service providers, payment processors, or other suppliers.
Your Liability and Actions We May Take
Your Liability. You are responsible for all claims, fees, fines, penalties and other liability incurred by StartupSteroid or any third-party caused by or arising out of your breach of these Terms of Service or your use of the Services. You agree to reimburse StartupSteroid or any third-party for any and all such liabilities.
Actions We May Take. If you engage in any restricted activities, we may take various actions to protect StartupSteroid from claims, fees, fines, penalties, and any other liability. The actions we may take include but are not limited to the following:
We may close, suspend, or place restrictions on your StartupSteroid Account;
We may update inaccurate information you provided us;
We may remove user comments reasonable deemed to be false, inaccurate, misleading, defamatory, or libelous;
We may revoke your Platform access and refuse to provide future Services to you; and
We may take legal action against you.
Whether we decide to take any of the above steps, we do not monitor, and you agree we will not be subject to liability for not monitoring, the website.
Account Suspension or Restriction. StartupSteroid, in its sole discretion, reserves the right to amend these Terms of Service or access to the Platform or our Services. We also reserve the right to suspend or place restrictions on your Account for any reason and at any time upon notice to you. Account restrictions may include a limitation on the dollar amount of transactions we will accept from you. If your Account is suspended, you will be unable to invest, and we will not issue any payments to you. If we suspend or place restrictions on your Account, we will provide you with notice and opportunity to request reconsideration, if appropriate.
Canceling or Disputing a Transaction
StartupSteroid is not authorized to issue refunds directly to the investor. We reserve the right to suspend a user’s StartupSteroid Account if a transaction is canceled or disputed. StartupSteroid is not responsible for any errors that may arise in the transmission of your order to the issuer. You may call us to request the cancellation of a transaction, or, if you believe a transaction on your Account was unauthorized, to dispute a transaction. Refunding the transaction is ultimately at the discretion of the escrow agent (for funds held in escrow) or the issuer. If the issuer allows cancellation, funds will be returned and the security issuance canceled based on the terms and timeframes indicated in the offering memorandum.
Disputes with StartupSteroid
Effect of Arbitration Agreement. These Terms of Service contains a pre-dispute arbitration agreement. By entering into the arbitration agreement the parties agree as follows:
All parties to these Terms of Service are giving up the right to sue each other in court, including the right to a trial by jury, except as provided by the rules of the arbitration forum in which a claim is filed;
Arbitration awards are generally final and binding; a party’s ability to have a court reverse or modify an arbitration award is very limited;
The ability of the parties to obtain documents, witness statements and other discovery is generally more limited in arbitration than in court proceedings;
The arbitrators do not have to explain the reasons for their award;
The panel of arbitrators will typically include a minority of arbitrators who were or are affiliated with the securities industry;
The rules of some arbitration forums may impose time limits for bringing a claim in arbitration. In some cases, a claim that is ineligible for arbitration may be brought in court; and
The rules of the arbitration forum in which the claim is filed, as amended from time to time, are hereby incorporated by reference into these Terms of Service.
Arbitration Agreement. All controversies that may arise between us (including but not limited to controversies concerning any Account, order or transaction, or the continuation, performance, interpretation or breach of this or any other agreement between us, whether entered into or arising before, on or after the date this Account is opened) shall be determined by arbitration in accordance with the rules then prevailing of FINRA. You make this arbitration agreement on behalf of (i) yourself and your heirs, administrators, representatives, executors, successors, assigns, or (ii) the corporation or other entity for which you are acting as an authorized person, and (iii) with all other persons claiming a legal or beneficial interest in your Account. You understand that judgment upon any arbitration award may be entered in any court of competent jurisdiction. No person shall bring a putative or certified class action to arbitration, nor seek to enforce any pre- dispute arbitration agreement against any person who has initiated in court a putative class action or who is a member of a putative class action who has not opted out of the class with respect to any claims encompassed by the putative class action until (i) the class certification is denied; (ii) the class is decertified; or (iii) the customer is excluded from the class by the court. Such forbearance to enforce an agreement to arbitrate shall not constitute a waiver of any rights under these Terms of Service except to the extent stated herein.
Arbitration Hearings. Any arbitration hearing will be held in the State of California unless otherwise agreed between you and StartupSteroid or unless the rules of the organization administering the arbitration (i.e., FINRA) require another hearing location. You agree to the personal jurisdiction of the courts of the State of California to interpret and enforce these arbitration provisions described in the Terms of Service. All arbitration proceedings will be held in the English language, unless otherwise agreed to by the parties.
Your Representations (as Investor)
If an investor, you represent and warrant to StartupSteroid that you have such knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of an investment and that you are able to incur a complete loss of your investment and to bear the risk of such loss for an indefinite period of time. You understand that investments are a risky and speculative investment.
As an investor, you understand that you may be required to deliver to an issuer, a completed Accredited Investor Questionnaire in a form approved by the issuer, and by accepting these Terms of Service, you represent and warrant that you are an “accredited investor” as that term is defined under Regulation D of the Securities Act of 1933, as amended. You further agree that notwithstanding anything else contained in these Terms of Service, at the time of any investment decision by you, the issuer or StartupSteroid may require, as a condition to such investment decision, that you provide reasonable evidence and make reasonable representations and warranties regarding your status as an “accredited investor” as of the time of the investment decision.
Your Representations (as Issuer)
If an issuer, you represent and warrant that you shall comply with all federal, state, and local laws, statutes, ordinances, rules and regulations, and the orders and decrees of any courts or administrative bodies or tribunals in any matter related to these Terms of Service.
As issuer, you will provide all required disclosures and information to investors including but not limited to private placement memorandum, financial statements, and investment related information.
Limitations of Liability
In no event shall StartupSteroid or our agents, employees, affiliates or suppliers be liable for lost profits or any special, incidental or consequential damages arising out of or in connection with our website or the Services or these Terms of Service (however arising, including negligence). In states that do not allow the exclusion or limitation of incidental or consequential damages, the above limitation or exclusion may not apply to you. Our liability, and the liability of our agents, employees, affiliates and suppliers, to you or any third parties in any circumstance is limited to the actual amount of direct damages.
General. StartupSteroid and our agents, employees, subsidiaries, affiliates and suppliers provide the Services "as is" and without any warranty or condition, express, implied or statutory. StartupSteroid and our agents, employees, subsidiaries, affiliates and suppliers specifically disclaim any implied warranties of title, merchantability, fitness for a particular purpose and non-infringement. StartupSteroid does not guarantee continuous, uninterrupted or secure access to our Platform or Services, and operation of our Platform may be affected by numerous factors outside of our control. In states that do not allow the disclaimer of implied warranties, the disclaimers provided in this section may not apply to you. This section gives you specific legal rights, and you may also have other legal rights that vary from state to state.
Third-party Data. To the fullest extent permitted under applicable law, StartupSteroid makes no representation or warranty, express or implied, with respect to any third-party data provided to StartupSteroid or its transmission, timeliness, accuracy or completeness, including but not limited to, implied warranties or warranties of merchantability, or fitness for a particular purpose. StartupSteroid will not be liable in any way to you or to any other person for any inaccuracy, error or delay in or omission of any third-party data or the transmission or delivery of any such third-party data and any loss or damage arising from (i) any such inaccuracy, error, delay or omission, (ii) third-party non- performance, or (iii) interruption in any such third-party data due either to any negligent act or omission by StartupSteroid or "force majeure" or any other cause beyond reasonable control of the StartupSteroid.
Processing of Payments. StartupSteroid will make reasonable efforts to ensure that requests for electronic debits and credits involving bank accounts are processed in a timely manner, but StartupSteroid makes no representations or warranties regarding the amount of time needed to complete processing because our Services are dependent upon many factors outside of our control, such as delays in the banking system.
You agree to defend, indemnify and hold StartupSteroid and its officers, directors, agents and employees harmless from any claim or demand (including attorneys’ fees) made or incurred by any third-party due to or arising out of your breach of any representation or warranty made hereunder, your violation of any applicable law or regulation, your breach of these Terms of Service, and/or your use of the Platform or Services.
"StartupSteroid" and "StartupSteroid.com" are trademarks and trade names of StartupSteroid, Inc. All page headers, logos, graphics and icons are protected to the extent allowed under applicable laws. All other designated trademarks and brands are the property of their respective owners. You may not copy, imitate or use any of StartupSteroid’ intellectual property without our prior written consent.
Reporting Intellectual Property Infringement. StartupSteroid respects the intellectual property of others. You may not post content that infringes on the rights of third parties, including but not limited to intellectual property rights such as copyright, trademark and right of publicity. We reserve the right to remove content where we have grounds to suspect a violation of these terms, our policies or any party’s rights. If you believe that your rights have been violated, please notify us by contacting us at:
6789 Quail Hill Pkwy, Suite 541
Irvine, California 92603
Please provide the following in any notice of alleged infringement:
Identification of the material on the Platform that you claim is infringing, with enough detail so that we can locate it (e.g., provide link and description);
Identification of the rights (or works if relevant) claimed to have been infringed;
A statement by you that you have a good faith belief that the disputed use is not authorized by the rights owner, its agent or the law;
A statement by you declaring under penalty of perjury that (a) the above information in your notice is accurate; and (b) you are the rights owner or you are authorized to act on behalf of the rights owner;
Your address, telephone number and email address; and
Your physical or electronic signature.
You may not transfer or assign any rights or obligations that you have under these Terms of Service without StartupSteroid’ prior written consent. StartupSteroid reserves the right to transfer or assign these Terms of Service or any right or obligation under these Terms of Service at any time.
These Terms of Service shall be governed in all respects by the laws of the State of Delaware, without regard to conflict of law provisions. Except as otherwise agreed by the parties, you agree that any claim or dispute you may have against StartupSteroid must be resolved by arbitration in the State of Delaware.
Severability and Waiver
If any provision of these Terms of Service is held to be invalid or unenforceable, such provision shall be struck and the remaining provisions shall be enforced. In our sole discretion, we may assign these Terms of Service in accordance with the Legal Notices section. Headings are for reference purposes only and do not limit the scope or extent of such section. Our failure to act with respect to a breach by you or others does not waive our right to act with respect to subsequent or similar breaches. We do not guarantee we will take action against all breaches of these Terms of Service.
StartupSteroid may provide notice to you by emailing it to the address listed in your Account. Notice shall be considered to be received by you within 24 hours of the time it is emailed to you, unless we receive notice that the email was not delivered. Except as otherwise stated, notice to StartupSteroid must be sent by postal mail at:
Changes to the Terms of Service
We may change these Terms of Service from time to time, and when we do, we will post the amended terms on the StartupSteroid site and notify you by email of material changes. Amended terms will take effect immediately for new users, and thirty (30) days after they are posted for existing users.
If you have any questions or comments about these Terms of Service, our Platform, our Services, your StartupSteroid Account, or StartupSteroid’ practices, you may contact us at:
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