Last modified: Dec 17, 2014
Welcome to Investable. Investable is a crowdfunding platform that connects professional investors with scalable startups. Investable helps professional investors discover carefully curated startups and invest alongside other experienced angel investors.
YOU AGREE AND ACKNOWLEDGE THAT THIS IS A BINDING CONTRACT.
INTRODUCTION TO INVESTABLE
INVESTORS ELIGIBLE TO USE THE WEBSITE
Investing in a Campaign requires high risk tolerance, low liquidity concerns, and long-term commitments. Investors must be able to afford to lose their entire investment. The value of investments and the income from them can fall as well as rise. Past performance is not a guarantee of future performance. The contents of this Website do not constitute financial, legal, or tax advice. Investors are solely responsible for conducting any legal, accounting or due diligence review. Investors should obtain investment and tax advice from advisers before deciding to invest.
REGISTRATION AND YOUR ACCOUNT INFORMATION
None of the information contained in the Website constitutes a recommendation, solicitation or offer to buy or sell any securities, options or other financial instruments or other assets or provide any investment advice or service. The actual sale or purchase of an investment interest in a Campaign shall be a private and independent transaction between the Users without any participation by Investable. In no event will Investable be liable for any loss of earnings or any other commercial damages, losses or expenses arising out of or in correlation with an independent transaction, agreement, or interaction between Users.
Investable is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. Investable does not recommend or otherwise suggest that any Investor make an investment in a particular Campaign, or that any Campaign offer securities to a particular Investor. Investable takes no part in the negotiation or execution of transactions for the purchase or sale of securities, and at no time has possession of funds or securities. No securities transactions are executed or negotiated on or through the Website. Investable receives no compensation in connection with the purchase or sale of securities.
INVESTING IN A CAMPAIGN
Investors agree to have sufficient funds or credit available at the Campaign deadline to ensure that the Funds will be collectible.
Investors may increase, decrease, or cancel their Funds at any time during the Campaign, except that they may not cancel or reduce their Funds if the Campaign is in its final 24 hours and the cancellation or reduction would drop the Campaign below its goal.
For all Campaigns, Investable gives to the Investable each Investor’s User ID and pledge amount. For successful Campaigns, Investable additionally gives to the Investable each Investor’s name and email. For successful Campaigns, Investable will send each Investor a shareholders' agreement, share purchase agreement, and wire instructions for the Investor to invest directly into the startups.
Investable reserves the right to cancel Funds at any time and for any reason.
Investable reserves the right to reject, cancel, interrupt, remove, or suspend a Campaign at any time and for any reason. Investable is not liable for any damages as a result of any of those actions. Investable’s policy is not to comment on the reasons for any of those actions.
Startups should not take any action in reliance on having their Campaign posted on the Website or having any of the Funds until they have the ability to withdraw and spend the money. There may be a long delay between the end of a successful fundraising Campaign and access to the Funds.
FEES AND PAYMENTS
Setting up an account on the Website is free.
TRADEMARKS AND COPYRIGHTS
The Investable logos are trademarks and service marks of Investable. Investable or its licensors own and retain all proprietary rights in the Website ("Content"). The Website contains the copyrighted material, trademarks and other proprietary information of Investable and its licensors. You may not alter, modify, publish, distribute, publicly display or sell any Content or other such proprietary information, or otherwise copy or transmit any Content or other such proprietary information without the express written permission of Investable.
Users may download information from the Website for their own personal use only. Except as otherwise expressly permitted under copyright law, no copying, redistribution, retransmission, publication or commercial exploitation of downloaded material will be permitted without our express permission or that of the copyright owner. In the event of any permitted copying, redistribution or publication of copyright material, no changes in or deletion of author attribution, trademark legend or copyright notice shall be made. Users acknowledge that you do not acquire any ownership rights by downloading copyright material.
STARTUPS AND INVESTOR CONTENT
THIRD-PARTY WEBSITES, ADVERTISERS OR SERVICES
Investable is under no obligation to become involved in disputes between any Users, or between Users and any third party arising in connection with the use of the Service. This includes, but is not limited to, delivery of goods and services, and any other terms, conditions, warranties, or representations associated with Campaigns.
INVESTABLE HAS NO FIDUCIARY DUTY TO YOU. THE WEBSITE, INCLUDING ANY CONTENT, SERVICE OR INFORMATION CONTAINED WITHIN IT, IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS WITHOUT ANY WARRANTIES, EXPRESS OR IMPLIED, INCLUDING, WITHOUT LIMITATION, IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OR COURSE OF PERFORMANCE. YOU ASSUME TOTAL RESPONSIBILITY AND RISK FOR YOUR USE OF THIS SITE AND SITE-RELATED SERVICES.
LIMITATION OF LIABILITY
INVESTABLE (INCLUDING ITS AFFILIATES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, SUBCONTRACTORS OR LICENSORS) IS NOT LIABLE FOR ANY INDIRECT, PUNITIVE, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES IN RELATION TO THE CONTENTS OF, OR USE OF, OR OTHERWISE IN CONNECTION WITH, THIS WEBSITE. THIS LIMITATION OF LIABILITY SECTION APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY, OR ANY OTHER BASIS, EVEN IF INVESTABLE HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGE.
This Agreement, and any rights and licenses granted hereunder, may not be transferred or assigned by you, but may be assigned by Investable without restriction.
Termination may result in the forfeiture and destruction of all information associated with your account. You may terminate your account by following the instructions on the Website, but we may retain your account information after you terminate in accordance with our regulatory, accounting, and legal compliance procedures. The provisions regarding use of website and Services at your own risk, Right to Refuse Service, Indemnity, No Warranty, Waiver and Release, Limitation of Liability and General survive termination for any reason.
You agree that: (i) the Website shall be deemed solely based in Hong Kong (where we have our headquarters); and (ii) the Website shall be deemed a passive one that does not give rise to personal jurisdiction over Investable, either specific or general, in jurisdictions other than Hong Kong. This Agreement shall be governed by the laws of Hong Kong, without respect to its conflict of laws principles. Any claim or dispute between you and Investable that arises in whole or in part from the Website shall be decided exclusively by a court of competent jurisdiction located in Hong Kong. Those who access or use the Website do so at their own volition and are entirely responsible for compliance with local law. Unless otherwise explicitly stated, all materials found on the Website are solely directed to individuals, companies, or other entities located in Hong Kong.
You agree Investable may provide notifications to you via email, written or hard copy notice, or through conspicuous posting of such notice on the Website. You may opt out of certain means of notification or to receive certain notifications.