Please read this privacy policy carefully along with our
Terms of use.
47Pitches, (the "Company") is committed to maintaining robust privacy protections for its users. Our Privacy Policy ("Privacy Policy") is designed to help you understand how we collect, use and safeguard the information you provide to us and to assist you in making informed decisions when using our Service.
47Pitches is for accredited investors and startup projects (collectively "Users") exclusively. We are not a broker dealer and we do not offer investment advice or brokerage services. Projects posted on our site should be considered highly risky and speculative. By using the site, users agree to bear any and all risks associated with any investments, information disclosures, equity awards, or any other transactions or interactions they engage in as a result of their use of the site or its affiliates—whether on the platform or in subsequent interactions or activities they engage in after using the site.
47Pitches uses “Pitch Contests” (“Contests”) to connect groups of investors with groups of startup projects. Contests involve investors screening, evaluating and rating the projects in each Contest—activities that require open exchange of information and communication about each project. Winning projects receive a ranking based on investor votes. They may also receive community-based feedback on aspects of their project that can be useful to build their development and funding efforts. Investors may also use rankings and feedback as metrics for investment in projects, either contemporaneously with the conclusion of the Contest, or at a future date. Unless you request otherwise, the Site may, at its sole discretion, use rankings and business profiles of contestant projects or investors in promotional activities, including on social media. If you prefer not to have your information used for such purposes it is your responsibility to contact us at info@47pitches.com
Our goal is to help great projects become successful and accelerate their growth by connecting them to investors and mentors. We use a unique process of community rating, ranking and feedback, along with small equity incentives, to help a promising project achieve greater exposure to the investor community. This process may also fast track funding by providing feedback, a ranking metric, initial ownership by investors interested in projects, and an optional online community mentorship program.
This approach also helps investors more efficiently screen, rank, and connect with projects that they may want to fund.
These processes provide an expedited and more efficient path to connecting great investors with great projects—but as with any validating or funding process, they require substantial information disclosure and open communication between both the project sponsors and the investors in order to achieve the goals of both the platform and its users. Where possible we attempt to provide for confidentiality safeguards, including NDA firewall options for project sponsors who want to discuss confidential aspects of their projects privately. However, 47Pitches cannot guarantee the confidentiality of any information users post on its site. Users are strongly encouraged to use discretion in any disclosures or communications, on or off the platform, including any subsequent communications with entities they have connected with on the Site. By using the Site, you agree to assume full responsibly for any use, damage, regulatory requirements, or adverse results from information disclosures you make on the site, or from your interactions with other site users.
Users have the right to request removal of their personality identifiable information from the site and to have the site discontinue any publication of their personally identifiable information by contacting us by email info@47pitches.com. We cannot, however, guarantee removal of non-personally identifiable information that has already been published or indexed by search engines or other web or print methods. We will not remove non-personally identifiable information such as statistics, analysis, or projections. As a practical matter, Contest results and related information will not be altered or removed once announced, even if they include disclosure of personally identifiable information about projects or investors.
47Pitches is a community-based rating and ranking system that uses incentive rewards—typically equity, equity-like instruments including SAFEs (‘Simple Agreement for Future Equity’) or future equity rights to engage and reward investors, industry experts or advisors for rating and mentoring startup projects. While Users are free to negotiate funding or adoption agreements with other Users that they meet on our site, we do not act as a funding intermediary, placement agent or advisor, or Funding Portal. We are NOT a registered Broker Dealer or Funding Portal as defined by the SEC or FINRA. We do not engage in offering investment advice or making recommendations; soliciting purchases, sales or offers to buy securities; compensating promoters and other persons for solicitations; or the sale of securities. We do not hold, possess, or handle investor funds or securities. We do not review, vet, or recommend either the projects or the investors that use our Site. Use of feedback and community rankings, as part of a more comprehensive due diligence process that may lead to funding or other arrangements, is at your own risk.
This site is for the exclusive use of accredited and sophisticated investors and projects seeking to connect with them. In the event that investors and projects conclude funding transactions with users they connect with on the site, it is the sole responsibility of both parties to ensure that any funding transitions are in accordance and compliance with all applicable regulations or exceptions.
Your activity on the site is governed by our Terms of Use (TOU). Please view it carefully here
For purposes of this Agreement, "Site" refers to the Company's website, which can be accessed at www.47Pitches.com
"Service" refers to the Company’s services accessed via the Site, in which users can participate in Project Contests ("Contests") as:
- Project Sponsors who post projects to be vetted and ranked; or
- Accredited Investors or Project Adopters or end users, who can review, vote on, and rank Projects; or
- Other third parties, including Site employees, interns, advocates, industry domain experts, financial advisors or other people associated with the process of validating, rating, mentoring or funding Projects posted on the 47Pitches platform.
The terms "we," "us," and "our" refer to the Company.
"You" refers to you, as a user of our Site or Service.
By accessing our Site or our Service, you accept our Privacy Policy and Terms of Use, and you consent to our collection, storage, use and disclosure of your Personal Information as described in this Privacy Policy.
Information we collect
We collect "Non-Personal Information" and "Personal Information."
Non-Personal Information includes information that cannot be used to personally identify you, such as anonymous usage data, general demographic information we may collect, referring/exit pages and URLs, platform types, preferences you submit, and preferences that are generated based on the data you submit and number of clicks.
Personal Information may include your email, name, business affiliations, financial accreditation—including information that we require you to provide to confirm that you are an accredited investor, capable of making sophisticated high-risk investment decisions and withstanding the risk of total loss of any investments that you source through our site—plus other aspects of your financial status, investment experience, holdings, and risk tolerance.
If you are a Project Sponsor, information you disclose may include: business plans; pitches (including pitch decks, risk analysis, financial projections); user statistics (including on-boarding history, plans and target markets); IP address; and other potentially sensitive information. By using our site, you acknowledge that you are solely responsible for any information you choose to disclose on any areas of our site or its affiliate sites or any disclosures you make to parties you are introduced to on the site, including investors, other project sponsors, advisors or other parties. We strongly encourage you to either:
- Refrain from disclosing highly sensitive information that could jeopardize your market position or future success of your project, or
- Request a non-disclosure agreement (NDA) from any parties to whom you choose to disclose such information, before making sensitive disclosures.
47Pitches will use its best efforts to help you protect your information from abuse, including providing NDA firewalls for some information posted on the site. IMPORTANTLY, we cannot assure that any measure we take will protect your information for misuse or republication without your authorization. Therefore, we recommend that you fully consider the risks of posting sensitive information, seek legal counsel to draft your own NDAs as necessary, and carefully choose what information you disclose and to whom you disclose it, both on and off our Site.
Places where your personally identifiable information or IP may be exposed
- Your business profile, which can be open to the public.
- The community discussion board on our site, or possibly on external sites in the event that other members decide—beyond our control—to discuss your project.
- In data exposed to vendors, developers, server facilities, regulators, external or internal technicians, or as part of legal proceedings or court-ordered disclosures.
- Your Pitch form, which allows you to tier your information and provide an NDA firewall for information that you want seen only by those users who execute either our standard NDA or one that you provide to include any specific terms or protections.
- Directory listings of projects on our site or on social media, including listings of winning or participating projects, current projects to be voted on, past contestants and other listings or promotions that the Site views as beneficial to its business or community and Users.
- Promotional material, including social media, PR, and other promotions that our Site might use to help promote your project or attract broader investors or project participation and engagement. If your project is used in any of our promotional activities, you have the right to request use to refrain from using it.
- Communications or postings by Users outside of the Site’s control.
Personally, identifiable information that the Site collects or may collect and Cookie Policy
We may collect and store the following personally identifiable information: Your address, date of birth, marital status, contact information, financial status, investment experience and preferences, project status, history, business plans, legal and incorporation details, which you submit to us through the registration process at the Site or through other interactions you have with the site and/or other users who you interact with. Additionally, other Users may post information or commentary about your project that we do not review or curate, in areas of the site that are exposed to public viewing.
To activate the Service, you do not need to submit any Personal Information other than your name, email address, and Accredited investor confirmation. To use the Service thereafter, you do need to submit further Personal Information (which may include: address, contact number etc). However, in an effort to improve the quality of the Service, we track information provided to us by your browser or by our software application when you view or use the Service, such as the website you came from (known as the “referring URL”), the type of browser you use, the device from which you connected to the Service, the time and date of access, and other information that does not personally identify you. We track this information using cookies, small text files that include an anonymous unique identifier. Cookies are sent to a user’s browser from our servers and are stored on the user’s computer hard drive. Sending a cookie to a user’s browser enables us to collect Non-Personal information about that user and keep a record of the user’s preferences when utilizing our services, both on an individual and aggregate basis. For example, the Company may use cookies to collect the following information: log-in status in encrypted format. We do not use cookies to store any sensitive information about users.
The Company may use both persistent and session cookies. Persistent cookies remain on your computer after you close your session and until you delete them, while session cookies expire when you close your browser. [For example, we store a persistent cookie to track log-in status]. Most browsers offer user options to avoid or remove cookies either manually or by global settings. If you are concerned about tracking cookies or other methods used by the Site, we suggest you adjust your browser settings and/or manually remove such items after visiting our Site. However, some processes used for your convenience may be disrupted by the removal of these devices.
Information you provide to us by registering an account
In addition to the information provided automatically by your browser when you visit the Site, to become a subscriber to the Service you will need to create a personal profile. You can create a profile by registering with the Service and entering your email address, and creating a user name and a password. By registering, you are authorizing us to collect, store, and use your email address in accordance with this Privacy Policy.
Children's privacy
The Site and the Service are not intended for use by anyone under the age of 18 (or older, if further restricted in your country of residency). The Site does not knowingly collect or solicit information from anyone under the age of 18, or allow anyone under the age of 18 to sign up for the Service. In the event that we learn that we have gathered personal information from anyone under the age of 18, we will delete that information as soon as possible. If you believe we have collected such information, please contact us at info@47pitches.com.
If you are under the age of 18 but have a great project that you’d like to enter into one of our contests, please contact us directly at info@47pitches.com.
How we use and share information
Personal Information:
Except as otherwise stated in this Privacy Policy, we do not sell, trade, rent, or otherwise share your Personal Information with third parties for marketing purposes, without your consent. We do share Personal Information with vendors who are performing services for the Company, such as the servers for our email communications, who are provided access to user’s email address for purposes of sending emails from us. Those vendors use your Personal Information only at our direction and in accordance with our Privacy Policy.
In general, the Personal Information you provide to us is used to help us, and other Site users, to communicate with you or evaluate you as a project sponsor or investor. For example, we use Personal Information to contact users in response to questions, solicit feedback from users, provide technical support, and inform users about promotional offers, new contests or contest results, and to verify voting at contest termination. We may also use your personal information to verify your investment credentials and experience to ensure you qualify to participate in a Contest, or to confirm certain information about your project and/or its team with respect to anti-money laundering (AML), anti-fraud or other precautionary measures.
We may share Personal Information with outside parties if we have a good-faith belief that access, use, preservation, or disclosure of the information is reasonably necessary to meet any applicable legal process or enforceable governmental request; to enforce applicable Terms of Use, including investigation of potential violations; to address fraud, security or technical concerns; or to protect against harm to the rights, property, or safety of our users or the public as required or permitted by law.
Non-Personal Information
In general, we use Non-Personal Information to help us improve the Service and customize user experience. We also aggregate Non-Personal Information in order to track trends and analyze use patterns on the Site. This Privacy Policy does not limit in any way our use or disclosure of Non-Personal Information and we reserve the right to use and disclose such Non-Personal Information to our partners, advertisers and other third parties at our discretion.
In the event we undergo a business transaction such as a merger, acquisition by another company, or sale of all or a portion of our assets, your Personal Information may be among the assets transferred. You acknowledge and consent that such transfers may occur and are permitted by this Privacy Policy, and that any acquirer of our assets may continue to process your Personal Information as set forth in this Privacy Policy. If our information practices change at any time in the future, we will post the policy changes to the Site so that you may opt out of the new information practices. We suggest that you check the Site periodically if you are concerned about how your information is used.
How we protect information
We implement security measures designed to protect your information from unauthorized access. Your account is protected by your account password and we urge you to take steps to keep your personal information safe by not disclosing your password and by logging out of your account after each use. We further protect your information from potential security breaches by implementing certain technological security measures including encryption, firewalls, and secure socket layer technology. However, these measures do not guarantee that your information will not be accessed, disclosed, altered, or destroyed by breach of such firewalls and secure server software. By using our Service, you acknowledge that you understand and agree to assume these risks. As mentioned previously, it is your responsibility to decide how much information to disclose about your project or investment activities beyond that required by us to facilitate a Contest. If you choose to restrict your disclosures you may not benefit fully from our features and processes, and it may impact on your competitive ability to win Contests either as a project sponsor or investor.
Your rights regarding the use of your personal information
You have the right at any time to prevent us from contacting you for marketing purposes. When we send a promotional communication to a user, the user can opt out of further promotional communications by following the ‘unsubscribe’ instructions provided in each promotional e-mail. You can also indicate that you do not wish to receive marketing communications from us in the Settings section of the Site. Please note that notwithstanding the promotional preferences you indicate by either unsubscribing or opting out in the Settings section of the Site, we may continue to send you administrative emails including, for example, periodic updates to our Privacy Policy, information about contests that you are or have participated in, communications from other Users, regulatory disclosures or legal notices etc.
Links to other websites
As part of the Service, we may provide links to or compatibility with other websites or applications. However, we are not responsible for the privacy practices employed by those websites or the information or content they contain. This Privacy Policy applies solely to information collected by us through the Site and the Service. Therefore, this Privacy Policy does not apply to your use of a third-party website accessed by selecting a link on our Site or via our Service. To the extent that you access or use the Service through, or on, another website or application, then the privacy policy of that other website or application will apply to your access or use of that site or application. We encourage our users to read the privacy statements of other websites before proceeding to use them.
Changes to our privacy policy
The Company reserves the right to change this policy and our Terms of Use at any time. We will notify you of significant changes to our Privacy Policy by sending a notice to the primary email address specified in your account or by placing a prominent notice on our site. Significant changes will go into effect 30 days following such notification. Non-material changes or clarifications will take effect immediately. You should periodically check the Site and this privacy page for updates. Your use of this Site constitutes acceptance of the Terms of Use and Privacy Policy. Your continued use of this website following the posting of any changes to this Agreement constitutes your acceptance of all such new term(s).
Contact us
If you have any questions regarding this Privacy Policy or the practices of this Site, please contact us by sending an email to info@47pitches.com.
Last Updated: This Privacy Policy was last updated on September 1, 2019.
Decentralized decision-making and governance policy
As pioneers in community consensus-rendering and decentralized decision-making, we are committed to engaging our User networks to render consensus decisions about important governance and policy issues relating to the Site. This means that in future we may ask you to vote on issues of importance, including governance, changes in the privacy policy or Terms of Use (TOU), as well as ways to improve the Site or further empower or benefit our Users. Unfortunately, we cannot provide fully decentralized governance due to fixed legal, regulatory, and compliance requirements.
We will, however, endeavor to engage our members for collective advice and policy matters where possible. If you have suggestions or feedback that you would like to submit for community vote or management consideration, please do not hesitate to submit them to us at info@47pitches.com
European (EU) users
You have the right under this Privacy and Cookies Policy, and by law if you are within the EU, to:
- Request access to your Personal Data. If you are within the EU, this enables you to receive a copy of the Personal Data we hold about you and to check that we are lawfully processing it.
- Request correction of the Personal Data that we hold about you. This enables you to have any incomplete or inaccurate information we hold about you corrected.
- Request erasure of your Personal Data. This enables you to ask us to delete or remove Personal Data where there is no good reason for us continuing to process it. You also have the right, if you are within the EU, to ask us to delete or remove your Personal Data where you have exercised your right to object to processing (see below).
- Object to processing of your Personal Data. This right exists where we are relying on a legitimate interest as the legal basis for our processing and there is something about your particular situation, which makes you want to object to processing of your Personal Data on this ground. You also have the right to object where we are processing your Personal Data for direct marketing purposes.
- Request the restriction of processing of your Personal Data. This enables you to ask us to suspend the processing of Personal Data about you, for example if you want us to establish its accuracy or the reason for processing it.
- Request the transfer of your Personal Data. If you are within the EU, we will provide to you, or a third party you have chosen, your Personal Data in a structured, commonly used, machine-readable format. Note that this right only applies to automated information which you initially provided consent for us to use or where we used the information to perform a contract with you.
- Withdraw consent. This right only exists where we are relying on consent to process your Personal Data ("Consent Withdrawal"). If you withdraw your consent, we may not be able to provide you with access to the certain specific functionalities of our Site. We will advise you if this is the case at the time you withdraw your consent.
How to exercise your rights. If you want to exercise any of the rights described above, please contact us using the contact details in the Contact Us section.
Complaints
If you would like to submit a complaint regarding this Privacy Policy or our practices in relation to your Personal Data, please contact us at: info@47pitches.com.
We will reply to your complaint as soon as we can.
Your use of this Site constitutes acceptance of the Terms of Use and Privacy Policy. Your continued use of this website following the posting of any changes to this Agreement constitutes your acceptance of all such new term(s).
How to contact us: