The Service is available only to individuals who are at least 18 years old. You represent and warrant that if you are an individual, you are of legal age to form a binding contract, and that all registration information you submit is accurate and truthful. EquityZen may, in its sole discretion, refuse to offer the Service to any person or entity and change its eligibility criteria at any time. This provision is void where prohibited by law and the right to access the Service is revoked in such jurisdictions.
By way of example, and not as a limitation, you shall not (and shall not permit any third party to) either (a) take any action or (b) upload, download, post, submit or otherwise distribute or facilitate distribution of any Content on or through the Service, including without limitation any User Submission, that:
Additionally, you shall not: (i) take any action that imposes or may impose (as determined by EquityZen in its sole discretion) an unreasonable or disproportionately large load on EquityZen's (or its third party providers') infrastructure; (ii) interfere or attempt to interfere with the proper working of the Service or any activities conducted on the Service; (iii) bypass any measures EquityZen may use to prevent or restrict access to the Service (or other accounts, computer systems or networks connected to the Service); (iv) run any form of auto-responder or "spam" on the Service; or (v) use manual or automated software, devices, or other processes to "crawl" or "spider" any page of the Site.
You shall not (directly or indirectly): (i) decipher, decompile, disassemble, reverse engineer or otherwise attempt to derive any source code or underlying ideas or algorithms of any part of the Service, except to the limited extent applicable laws specifically prohibit such restriction, (ii) modify, translate, or otherwise create derivative works of any part of the Service, or (iii) copy, rent, lease, distribute, or otherwise transfer any of the rights that you receive hereunder. You shall abide by all applicable local, state, national and international laws and regulations.
You shall not:
EquityZen reserves the right to refuse registration of, or cancel a User Name in its sole discretion. You are solely responsible for activity that occurs on your account and shall be responsible for maintaining the confidentiality of your EquityZen password. You shall never use another user's account without such other user's express permission. You will immediately notify EquityZen in writing of any unauthorized use of your account, or other account related security breach of which you are aware.
The Service may permit you to link to other websites, services or resources on the Internet, and other websites, services or resources may contain links to the Site. When you access third party websites, you do so at your own risk. These other websites are not under EquityZen's control, and you acknowledge that EquityZen is not responsible or liable for the content, functions, accuracy, legality, appropriateness or any other aspect of such websites or resources. The inclusion of any such link does not imply endorsement by EquityZen or any association with its operators. You further acknowledge and agree that EquityZen 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 website or resource.
You agree that the Service contains Content specifically provided by EquityZen or its partners and that such Content is protected by copyrights, trademarks, service marks, patents, trade secrets or other proprietary rights and laws. You shall abide by and maintain all copyright notices, information, and restrictions contained in any Content accessed through the Service.
EquityZen grants each user of the Site and/or Service a worldwide, non-exclusive, non-sublicensable and non-transferable license to use, modify and reproduce the Content, solely for personal, non-commercial use, unless commercial use has been explicitly approved by EquityZen. Use, reproduction, modification, distribution or storage of any Content for other than personal, non-commercial use is expressly prohibited without prior written permission from EquityZen, or from the copyright holder identified in such Content's copyright notice. You shall not sell, license, rent, or otherwise use or exploit any Content for commercial use or in any way that violates any third party right.
The Service provides you with the ability to add, create, upload, submit, distribute or post ("Submitting" or "Submission") content, videos, audio clips, written forum comments, data, text, photographs, software, scripts, graphics, or other information to the Site (collectively, the "User Submissions"). By Submitting User Submissions on the Site or otherwise through the Service, you:
EquityZen does not endorse and has no control over any User Submission. EquityZen cannot guarantee the authenticity of any data which users may provide about themselves. You acknowledge that all Content accessed by you using the Service is at your own risk and you will be solely responsible for any damage or loss to any party resulting therefrom.
EquityZen has no special relationship with or fiduciary duty to you. You acknowledge that EquityZen has no control over, and no duty to take any action regarding: which users gains access to the Site; what Content you access via the Site; what effects the Content may have on you; how you may interpret or use the Content; or what actions you may take as a result of having been exposed to the Content. You release EquityZen from all liability for you having acquired or not acquired Content through the Site. The Site may contain, or direct you to websites containing, information that some people may find offensive or inappropriate. EquityZen makes no representations concerning any Content contained in or accessed through the Site, and EquityZen will not be responsible or liable for the accuracy, copyright compliance, legality or decency of material contained in or accessed through the Site or the Service.
THE SERVICE AND ADD-TO LINK ARE PROVIDED "AS IS" AND "AS AVAILABLE" AND IS WITHOUT WARRANTY OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF TITLE, NON-INFRINGEMENT, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, AND ANY WARRANTIES IMPLIED BY ANY COURSE OF PERFORMANCE OR USAGE OF TRADE, ALL OF WHICH ARE EXPRESSLY DISCLAIMED. EQUITYZEN, AND ITS DIRECTORS, EMPLOYEES, AGENTS, SUPPLIERS, PARTNERS AND CONTENT PROVIDERS DO NOT WARRANT THAT: (A) THE SERVICE WILL BE SECURE OR AVAILABLE AT ANY PARTICULAR TIME OR LOCATION; (B) ANY DEFECTS OR ERRORS WILL BE CORRECTED; (C) ANY CONTENT OR SOFTWARE AVAILABLE AT OR THROUGH THE SERVICE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR (D) THE RESULTS OF USING THE SERVICE WILL MEET YOUR REQUIREMENTS. YOUR USE OF THE SERVICE IS SOLELY AT YOUR OWN RISK.
SOME STATES DO NOT ALLOW LIMITATIONS ON HOW LONG AN IMPLIED WARRANTY LASTS, SO THE ABOVE LIMITATIONS MAY NOT APPLY TO YOU.
Electronic Communications Privacy Act Notice (18USC 2701-2711): EQUITYZEN MAKES NO GUARANTY OF CONFIDENTIALITY OR PRIVACY OF ANY COMMUNICATION OR INFORMATION TRANSMITTED ON THE SITE OR ANY WEBSITE LINKED TO THE SITE. EquityZen will not be liable for the privacy of email addresses, registration and identification information, disk space, communications, confidential or trade-secret information, or any other Content stored on EquityZen's equipment, transmitted over networks accessed by the Site, or otherwise connected with your use of the Service.
IN NO EVENT SHALL EQUITYZEN, NOR ITS DIRECTORS, EMPLOYEES, AGENTS, PARTNERS, SUPPLIERS OR CONTENT PROVIDERS, BE LIABLE UNDER CONTRACT, TORT, STRICT LIABILITY, NEGLIGENCE OR ANY OTHER LEGAL OR EQUITABLE THEORY WITH RESPECT TO THE SERVICE OR ADD-TO LINK (I) FOR ANY LOST PROFITS, DATA LOSS, COST OF PROCUREMENT OF SUBSTITUTE GOODS OR SERVICES, OR SPECIAL, INDIRECT, INCIDENTAL, PUNITIVE, OR CONSEQUENTIAL DAMAGES OF ANY KIND WHATSOEVER, SUBSTITUTE GOODS OR SERVICES (HOWEVER ARISING), (II) FOR ANY BUGS, VIRUSES, TROJAN HORSES, OR THE LIKE (REGARDLESS OF THE SOURCE OF ORIGINATION), OR (III) FOR ANY DIRECT DAMAGES IN EXCESS OF (IN THE AGGREGATE) ONE-HUNDRED U.S. DOLLARS ($100.00). SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF INCIDENTAL OR CONSEQUENTIAL DAMAGES, SO THE ABOVE LIMITATIONS AND EXCLUSIONS MAY NOT APPLY TO YOU.
At EquityZen, we take pride in providing the highest level of quality to our customers. To accomplish this mission, we have established partnerships with several other financial institutions. In an ongoing effort to remain as transparent as possible with our customers, we would like to share with you how those partnerships are structured.
We may refer to you products and/or services of these partners. If an EquityZen customer purchases or signs up for some of these products or services, we may receive a referral fee from the company offering the product. As a matter of policy, we provide referrals only to products and services that we believe are relevant for our customers. The compensation we may receive in connection with these referrals helps to ensure the quality of EquityZen services, content, and products. While it is possible that we may refer products of companies that are the subject of an investment opportunity, content, or analysis on the EquityZen platform, referred companies and products have no impact on such content, analysis, or investment opportunities.
The financial institutions that we have established partnerships with include:
EquityZen generally allows investors who were blocked from making investments for external reasons (such as a company exercising their right of first refusal) to have advanced access to subsequent investment opportunities in the same company. Eligible Investor Account owners who have previously indicated interest in these companies may also be afforded this same access.
Investors who reserve an investment in a fully allocated offering will be added to the waitlist. If an allocation becomes available, investors will generally be contacted by EquityZen in an order determined by the date of their completed reservation. (In filling from a waitlist or in accepting investments into a deal that is expected to be oversubscribed, EquityZen may also consider other factors, including available investment capacity, proposed investment size, whether individual has transacted previously with EquityZen, and investor's ability to wire, transfer funds from an EquityZen Investor Account and otherwise not delay investment for other investors.) Eligible Investor Account owners will have improved positioning on the waitlist due to improved ability to fund investments without delays.
First time investors, investors with over five closed transactions, and eligible Investor Account owners qualify for a reduced minimum investment on eligible deals. Deal eligibility is determined by EquityZen based on a range of operational and regulatory constraints. Historically, a significant majority of offerings have been eligible for a reduced minimums.
When you open a Synapse Deposit Account, you will link a checking or savings account to perform EFT and, if applicable, deposit funds into your Synapse Deposit Account. Deposits into your Deposit Account are held at Synapse’s financial institution partner, Evolve Bank & Trust, Member FDIC (“Evolve Bank”). Deposits held in a Deposit Account may be eligible for insurance by the Federal Deposit Insurance Corporation (“FDIC”) on a per user basis depending on the rules and limitations set forth by the FDIC. For purposes of applicable FDIC deposit insurance limitations, deposits in accounts at Evolve Bank opened through Synapse may not be separately insured from any other accounts you may have opened with Evolve Bank, depending on the named account owners.
All EFT transactions are performed by and deposits are held by Evolve Bank. EquityZen and Synapse only transmit transaction instructions to Evolve Bank. EquityZen will provide you with all transaction notifications and Deposit Account balances in addition to providing customer support relating to your Synapse Deposit Account as detailed below. You will receive a transaction receipt after each transfer of funds as well as monthly statements on or near the 11th of each month. If no transactions have been made and your account balance is zero, you will receive statements quarterly.
There are no fees associated with opening or closing the account, no minimum account balance and no monthly service charge. While there are no minimum or maximum balance requirements, an account with a zero (0) balance for nine (9) continuous months will be subject to closure. Withdrawals are limited to 6 per statement period. Withdrawals and deposits will be subject to weekly, monthly and yearly limits, currently $250,000 / week, $500,000 /month and $1,000,000 / year. EquityZen reserves the right to cancel or suspend transactions due to fraud or compliance related concerns.
Users who qualify for enhanced access will (i) be able to invest with a reduced minimum of $10,000 in eligible deals, (ii) gain early access to high-demand deals and (iii) benefit from greater waitlist prioritization. To qualify for enhanced access users must maintain a balance of $50,000. Users can count up to $40,000 of completed transactions against this amount. For example, a user with $100,000 of completed transactions would have to maintain at least $10,000 in their account to qualify. EquityZen reserves the right to update these qualification limits at any time.
All questions regarding EFT transactions or your Investor Account must be directed to firstname.lastname@example.org and not to Synapse or Evolve Bank. EquityZen is responsible for resolving issues and errors relating to transactions and account balances. If you wish to make a financial service complaint against EquityZen, or to report a complaint relating to the banking services, email email@example.com.
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 account.
Electronic Fund Transfer: 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.
You are liable for all Electronic Fund Transfers that you authorize, whether directly or indirectly.
Tell us at once if you believe your account or access information is lost or stolen or has been or may be subject to unauthorized Electronic Fund Transfers. Contact us immediately to keep your possible losses to a minimum. You could lose all the money in your account(s). If you tell us 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 us within two (2) business days after learning of the loss, theft or unauthorized use, and we can establish that we could have prevented the unauthorized transfer(s) if you had told us in time, you could lose as much as $500. Also, if your periodic account statement shows unauthorized transfers and you DO NOT tell us 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 we can prove that we could have prevented the unauthorized transfer(s) if you had told us in time. If an extenuating circumstance (such as extended travel or hospitalization) prevents you from promptly notifying us 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.