Legal.
Last Updated and Effective: 03.21.2025
Welcome to Principal Venture Partners! These Terms of Use ("Terms") are a binding agreement between you and Principal Venture Partners (collectively, “we,” “us,” “our”, or “PVP”) and set forth the terms and conditions under which you are authorized to use our products and service, which include, but are not limited to, our website located at https://www.principalvc.com/ (the “Site”), and any website, application, or service where these Terms are posted, and any subdomains and mobile versions thereof (collectively, our “Services”). Please note that PVP’s use of any personal information you provide to us is governed by our Privacy Policy.
ATTENTION: PLEASE READ THESE TERMS, OUR PRIVACY POLICY, AND ANY ADDITIONAL AGREEMENTS BETWEEN YOU AND PVP CAREFULLY BEFORE USING THE services. ACCESSING or using our services in any way INDICATES THAT YOU ACCEPT AND AGREE TO BE BOUND BY THEse TERMS, AND that you ACKNOWLEDGE THE PRIVACY POLICY IN FULL. IF YOU DO NOT ACCEPT THESE TERMS AND PRIVACY POLICY, DO NOT USE THE services AND DELETE ANY DOWNLOADED MATERIALS IMMEDIATELY.
PLEASE NOTE THAT THESE Terms CONTAIN AN ARBITRATION CLAUSE AND CLASS ACTION WAVIER (SEE SECTION 15 - DISPUTE RESOLUTION, ARBITRATION, AND CLASS WAIVER BELOW). THROUGH YOUR AGREEMENT TO THESE Terms: (I) YOU AND PVP AGREE TO RESOLVE THROUGH BINDING, INDIVIDUAL ARBITRATION, AND NOT IN COURT, ANY AND ALL DISPUTES ARISING FROM OR RELATING TO THESE Terms, THE SERVICES, INFORMATION, OR ANY OTHER SERVICES OR PRODUCTS PROVIDED, SOLD, PURCHASED, MANAGED, OPERATED, OR FULFILLED BY PVP; AND (II) YOU AND PVP EACH EXPRESSLY WAIVE ANY RIGHTS TO ENFORCE THIS AGREEMENT IN COURT OR AS A CLASS, SUBJECT TO THE LIMITED EXCEPTIONS DESCRIBED BELOW.
These Terms also include a disclaimer of warranties, a disclaimer of liability, and a release and indemnification by you, in Sections 1, 4, 10, 11, 13, and 14. Please review those sections (and all other terms) carefully.
Our Services include investing in early stage, AI-native startups that are poised to become the next wave of generational businesses—enterprises that fully embrace new technological capabilities to build lasting impact for decades to come. PVP’s approach is grounded in a genuine passion for the transformative power of AI and a core belief that great technology can create better experiences for all people. To the extent new services, content, or features are added to our Services in the future, your use thereof is subject to these Terms.
We reserve the right to modify or discontinue the Services (or any portion of the Services), temporarily or permanently, with or without notice to you, and are not obligated to support or update the Services. YOU AGREE THAT PVP SHALL NOT BE LIABLE TO YOU OR TO ANY THIRD PARTY IN THE EVENT THAT WE EXERCISE OUR RIGHT TO MODIFY OR DISCONTINUE THE SERVICES (OR ANY PORTION OF THE SERVICES). Unless explicitly stated otherwise, any new features that augment or enhance the current Services shall be subject to these Terms.
We grant you permission to use the Services subject to these Terms. As a condition of your right to use our Services, you represent that you are 18 years of age (or the age of majority in your jurisdiction) and otherwise able to enter into a binding contract and that you are not a person barred from accessing the Services under the laws of the United States or any other country.
Any content uploaded, posted, submitted, or otherwise made available by individual users of the Services, including any other content which does not originate with PVP ("User Content"), is the sole responsibility of the person who made such User Content available on the Services. Under no circumstances will PVP be liable in any way for any User Content made available through the Services by you or any third party.
Since we do not control the User Content posted on the Services, we do not guarantee the truthfulness, integrity, suitability, or quality of that User Content, and it does not endorse such User Content. You also agree and understand that by accessing the Services, you may encounter content that you may consider to be objectionable. We have no responsibility for any User Content, including without limitation any errors or omissions therein. The PVP Parties (defined below) are not liable for any loss or damage of any kind incurred as a result of any User Content on the Services.
User Content is owned by the author thereof, and PVP does not claim ownership of original works created and posted by individual visitors to our Services. However, by uploading, posting, transmitting or otherwise making any User Content available on or through the Services, you are granting PVP an irrevocable, nonexclusive, perpetual, royalty-free, transferrable, sublicensable, worldwide license to copy, reproduce, modify, publish, display, distribute publicly, perform, exploit, and prepare derivative works of such User Content (including your name, image, likeness, or information you have made publicly available in connection therewith) in any manner (including without limitation in customer reviews, testimonials, or similar material promoting PVP), media or format now existing or hereafter devised, without any obligation of notice, attribution or compensation to you.
PVP reserves the right (but has no obligation) in its sole discretion to pre-screen, edit, refuse, move or remove any User Content that is posted on the Services. You agree that the exercise by PVP of such discretion shall not convert or transform User Content to content owned or provided by PVP, and the user who made such User Content available on the Services will retain ownership thereof as described below.
In your use of the Services, you will not:
PVP reserves the right to cooperate with any law enforcement authorities or court order requesting or directing PVP to disclose the identity of anyone violating these Terms.
Everything you see, hear, or otherwise experience on or through our Service, including but not limited to the graphics, videos, audio recordings, text, software, photographs, scripts, software screens, design elements, artwork, templates, layout designs, interactive features and the like, the concepts and ideas underlying the Services, and all statistical, analytical, and other data captured by or through the Services (collectively, “Content”) and the trademarks, service marks and logos contained therein (“Marks”), are owned by or licensed to PVP, subject to copyright and other intellectual property rights under United States and international laws and conventions. PVP owns the copyright in the selection, coordination, arrangement and enhancement of the Content. Any unauthorized use of any Content or other materials on the Services or use of the Marks may violate copyright, trademark, and other laws.
For your personal use, you may view, copy, and print pages from the Services. Otherwise, the Services may not be copied, downloaded, modified, reproduced, distributed, published, performed, streamed, transmitted, broadcasted, displayed, sold, licensed, or otherwise exploited, in whole or in part, for any other purposes whatsoever without the prior written consent of the respective owners. PVP reserves all rights not expressly granted in and to the Services, the Content, and the Marks. You agree not to use, copy, download, or distribute any of the Content other than as expressly permitted herein, including any use, copying, downloading, making derivative works from, or distribution of User Submissions of third parties obtained through the Services for any commercial purposes. You may not incorporate the Content into, or stream or transmit the Content via any hardware or software application or make it available via frames or in-line links unless expressly permitted by PVP in writing. You may not create, recreate, advertise or distribute an index of a significant portion of the Content unless authorized in writing by PVP. You may not build a business using the Content, whether or not for profit. If you copy, screenshot, download, or print pages of the Content for personal use, you must retain all copyright and other proprietary notices contained therein. You agree not to circumvent, disable or otherwise interfere with security-related features of the Services or features that prevent or restrict use or copying of any Content or enforce limitations on use of the Services or the Content therein, nor may you scrape or use any extraction methods to obtain any Content or data from the Services.
PVP may, at its sole discretion, disable, partially disable, or terminate the accounts of any users who violate these Terms, including, but not limited to, the accounts of (1) users who submit User Content that infringes copyrights, trademarks, rights of publicity, or other intellectual property rights, especially if they do so repeatedly, (2) users who provide false or inaccurate information; (3) users who breach these Terms including any warranties; and (4) users who misuse or challenge PVP’s rights in the Content.
The Services may contain links to third party websites and online services (such as apps, social media sites and third-party webpages) that are not owned or controlled by PVP. PVP has no control over, and assumes no responsibility for, the content, privacy policies, or practices of any third-party websites or online services, and you access and use these websites or online services solely at your own risk. These links are provided for your reference and convenience only, and do not necessarily imply any endorsement, sponsorship or recommendation of the material on these third-party websites or online services or any association with their operators. In addition, PVP will not and cannot control or edit the content of any third-party website or online service. Third-party businesses are solely responsible for ensuring that their products, services, or businesses are offered in a safe, legal, and compliant manner. PVP has no responsibility or liability for any products or services offered through any third-party website or online service.
BY USING THE SERVICES, YOU EXPRESSLY RELEASE PVP, ITS AFFILIATES, AND THEIR RESPECTIVE OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, SHAREHOLDERS, LICENSORS, LICENSEES, AND SUPPLIERS (COLLECTIVELY “THE PVP PARTIES”) FROM ANY AND ALL LIABILITY ARISING FROM YOUR USE OF ANY THIRD-PARTY WEBSITE OR ONLINE SERVICES AND FROM ANY LOSS OR DAMAGE OF ANY SORT YOU MAY INCUR FROM DEALING WITH ANY THIRD PARTY. Accordingly, we encourage you to be aware when you leave the Site and to read the terms and conditions of use for each other website or online service that you visit.
Except as you have otherwise agreed with PVP in writing, you may link to our Site from your website, subject to the following: (1) you may not frame the Site or any portion of the Site; (2) you will not override or hinder the functionality of an end-user’s web browser’s “back” function; (3) the link must be identified using a plain text rendering of the PVP name and not any PVP logo; (4) you may not use any PVP logos in any way; (5) you may not use the link in any way that suggests that PVP is associated with or endorses you or your website; (6) the link may not appear on any website that a reasonable person may consider obscene, defamatory, harassing, offensive or malicious, and may not be presented in any way that disparages PVP or damages its rights, reputation, or goodwill; and (7) we may terminate your right to link to the Site at any time for any reason or no reason.
Occasionally there may be information on the Services that contains typographical errors, inaccuracies or omissions. We reserve the right to correct any errors, inaccuracies or omissions, and to change or update information if any information on our Services or on any related website is inaccurate at any time without prior notice (including after you have submitted your registration).
WE UNDERTAKE NO OBLIGATION TO UPDATE, AMEND OR CLARIFY INFORMATION ON THE SERVICES OR ON ANY RELATED WEBSERVICES, INCLUDING WITHOUT LIMITATION, PRICING INFORMATION, EXCEPT AS REQUIRED BY LAW. No specified update or refresh date applied in the Services or on any related websites, should be taken to indicate that all information in the Services or on any related website has been modified or updated.
You warrant and represent to PVP as set out below:
a) The information you provide to PVP in any email, postings, telephone call, or through other means including all personal details, contact details, and all other data provided to PVP is true in all respects, accurate, up-to-date, and not misleading in any way.
b) You will keep the information referred to in paragraph (a) up to date.
c) You will not access the Services under false identity or pretext and will not use it to falsify your or any other person's identity (however, this will not prevent you from using a nickname by which you are known provided the name is used lawfully and in good faith).
d) You have the permission of any individuals depicted in photographs, videos, or recordings that you submit to the Services to use their likeness, voice or other identifying characteristics, as well as all other legal rights necessary to grant the license above to PVP.
e) You will use the Services lawfully and in good faith.
f) You will keep your log-in details and password secure and will not share such information with third parties.
g) You will comply with these Terms.
h) You will not pay for Professional Services except using the payment functionality within our Services.
TO THE FULLEST EXTENT PERMITTED BY LAW, THE PVP PARTIES EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING, BUT NOT LIMITED TO, ANY IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, RELATED TO OUR services. YOU UNDERSTAND AND AGREE THAT YOUR USE OF OUR SERVICES IS AT YOUR SOLE RISK. OUR services AND ALL CONTENT, PRODUCTS AND SERVICES OFFERED THROUGH THE SERVICES ARE PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. THE PVP PARTIES ARE NOT RESPONSIBLE FOR THE TIMELINESS OF DELIVERY OF CONTENT, ANY FAILURES OF DELIVERY, ERRONEOUS DELETION, OR ANY LOSS OR DAMAGE OF ANY KIND YOU CLAIM WAS INCURRED AS A RESULT OF THE USE OF ANY SERVICES.
UNDER NO CIRCUMSTANCES, WILL ANY OF THE PVP PARTIES BE LIABLE TO YOU OR TO ANY PERSON OR ENTITY CLAIMING THROUGH YOU FOR ANY LOSS, INJURY, LIABILITY OR DAMAGES ARISING OUT OF OR IN CONNECTION WITH YOUR ACCESS TO, USE OF, INABILITY TO USE, OR RELIANCE ON ANY OF OUR SERVICES OR ANY CONTENT, PRODUCT OR SERVICE PROVIDED TO YOU THROUGH OR IN CONNECTION WITH ANY OF OUR SERVICES. THIS IS A COMPREHENSIVE LIMITATION OF LIABILITY THAT APPLIES TO ALL LOSSES AND DAMAGES OF ANY KIND WHATSOEVER, WHETHER DIRECT OR INDIRECT, GENERAL, SPECIAL, INCIDENTAL, CONSEQUENTIAL, EXEMPLARY OR OTHERWISE, INCLUDING WITHOUT LIMITATION, LOSS OF DATA, GOODWILL, REVENUE OR PROFITS. THIS LIMITATION OF LIABILITY APPLIES WHETHER THE ALLEGED LIABILITY IS BASED ON CONTRACT, NEGLIGENCE, TORT, STRICT LIABILITY OR ANY OTHER BASIS; EVEN IF ANY PVP PARTIES HAVE BEEN ADVISED OF OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES; AND WITHOUT REGARD TO THE SUCCESS OR EFFECTIVENESS OF OTHER REMEDIES. IF ANY PART OF THIS LIMITATION OF LIABILITY IS FOUND TO BE INVALID, ILLEGAL OR UNENFORCEABLE FOR ANY REASON, THEN THE AGGREGATE LIABILITY OF THE PVP PARTIES UNDER SUCH CIRCUMSTANCES TO YOU OR ANY PERSON OR ENTITY CLAIMING THROUGH YOU FOR LIABILITIES THAT OTHERWISE WOULD HAVE BEEN LIMITED WILL NOT EXCEED ONE HUNDRED U.S. DOLLARS.
SOME JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF CERTAIN WARRANTIES OR THE LIMITATION OR EXCLUSION OF LIABILITY FOR CERTAIN TYPES OF DAMAGES. ACCORDINGLY, SOME OF THE ABOVE DISCLAIMERS OF WARRANTIES AND LIMITATIONS OF LIABILITY MAY NOT APPLY TO YOU.
You acknowledge that you may have or may in the future have claims against us which you do not know or suspect to exist in your favor when you agreed to these Terms and which if known, might materially affect your consent to these Terms.
The federal Communications Decency Act (47 U.S. Code § 230) limits the liability of interactive computer services, like PVP, for their role in publishing third-party Content, including consumer reviews. Additionally, anti-SLAPP laws, such as Cal. Civ. Proc. Code § 425.16 in California, may require you to pay PVP’s attorneys’ fees if you attempt to impose such liability on PVP through legal proceedings.
YOU AGREE TO DEFEND, INDEMNIFY AND HOLD HARMLESS THE PVP PARTIES FROM AND AGAINST ANY CLAIM, LOSS, OBLIGATION, DEMAND, DAMAGE, COST, LIABILITY, EXPENSE, AND ATTORNEY’S FEES ARISING TO ANY OF THE PVP PARTIES AS A RESULT OF ANY CLAIM, DEMAND, OR PROCEEDINGS BROUGHT OR THREATENED AGAINST THE PVP PARTIES IN CONNECTION WITH (1) YOUR USE OF, ACCESS TO, OR MISUSE OF THE SERVICE; (2) YOUR BREACH OF ANY OF THESE Terms or applicable law; (3) YOUR VIOLATION OF ANY THIRD-PARTY RIGHT, INCLUDING, WITHOUT LIMITATION, ANY COPYRIGHT, PROPERTY, OR PRIVACY RIGHT; (4) ANY CLAIM THAT ANY OF YOUR USER cONTENT CAUSED DAMAGE TO AN INDEMNIFIED PARTY OR A THIRD PARTY; (5) ANY TRANSACTION YOU CONDUCT AS A RESULT OF THE CONTACT FACILITATED BY THE SERVICE; OR (6) ANY ACTIVITY USING YOUR EMAIL ADDRESS OR ACCOUNT BY YOU OR ANY OTHER PERSON ACCESSING THE SERVICES USING YOUR EMAIL ADDRESS OR ACCOUNT.
You shall cooperate as fully as reasonably required in the defence of any claim. The PVP Parties reserve the right, at its own expense, to assume the exclusive defence and control of any matter otherwise subject to indemnification by you. You shall not enter into any settlement agreement that affects the rights of PVP Parties without PVP Parties’ prior written approval.
IF THE PVP PARTIES TAKE ANY LEGAL ACTION AGAINST YOU AS A RESULT OF YOUR VIOLATION OF THESE Terms, THE PVP PARTIES WILL BE ENTITLED TO RECOVER FROM YOU, AND YOU AGREE TO PAY, ALL REASONABLE ATTORNEY’S FEES AND COSTS OF SUCH ACTION, IN ADDITION TO ANY OTHER RELIEF GRANTED TO THE PVP PARTIES.
SUBJECT TO THE PROCESS AND LIMITED EXCEPTIONS SET OUT BELOW, YOU AND PVP EACH AGREE TO SUBMIT TO CONFIDENTIAL, BINDING ARBITRATION IN THE CITY OF SEATTLE, WASHINGTON, USA FOR ANY DISPUTE, CLAIM, OR CONTROVERSY ARISING OUT OF OR RELATING IN ANY WAY TO: (I) THESE Terms, (II) YOUR ACCESS TO, OR USE OR RECEIPT OF THE SERVICES OR ANY PRODUCTS, SERVICES, OR INFORMATION SOLD, PURCHASED, OR THAT YOU RECEIVE THROUGH OUR SERVICES; OR (III) ANY OTHER SERVICES OR PRODUCTS PROVIDED, MANAGED, OPERATED, SERVICED, OR FULFILLED BY PVP, IN EACH CASE, REGARDLESS WHEN THAT DISPUTE, CLAIM OR CONTROVERSY AROSE, AND REGARDLESS OF THE RELEVANT LEGAL THEORY (“DISPUTE”).
The arbitration shall be conducted pursuant to the American Arbitration Association’s Commercial Arbitration Rules. The arbitrator's award shall be final, confidential, and binding, and may be entered as a judgment in any court of competent jurisdiction.
This arbitration clause will survive any termination of these Terms. The arbitrator, and not any federal, state or local court or agency, shall have exclusive authority to the extent permitted by law to resolve all Disputes arising out of or relating to the interpretation, applicability, enforceability or formation of these Terms, including, but not limited to any claim that all or any part of these Terms are void or voidable.
Notwithstanding the foregoing arbitration requirement, with regard to any actual or potential violation of our intellectual property rights, we may seek injunctive or other appropriate relief in the state and federal courts located in Cook County, Illinois, USA and you hereby consent to the exclusive jurisdiction of such courts and waive all objections thereto.
No arbitration under these Terms of Use may be joined with another arbitration related to the subject matter hereof. WE EACH AGREE THAT ANY AND ALL ACTIONS AND PROCEEDINGS RELATING TO ANY DISPUTE, WILL BE CONDUCTED ONLY ON AN INDIVIDUAL BASIS AND NOT IN A CLASS, CONSOLIDATED OR REPRESENTATIVE ACTION. NO ARBITRATION UNDER THESE Terms MAY BE JOINED WITH ANOTHER ARBITRATION RELATED TO THE SUBJECT MATTER OF THE DISPUTE OR ANY OTHER CLAIMS UNDER THIS Terms. IF FOR ANY REASON A CLAIM PROCEEDS IN COURT RATHER THAN IN ARBITRATION, YOU WAIVE YOUR RIGHT TO BRING OR PARTICIPATE IN A CLASS, CONSOLIDATED, OR REPRESENTATIVE ACTION AND WE EACH WAIVE ANY RIGHT TO A JURY TRIAL.
The following processes shall govern the arbitration process:
The Terms, and the relationship between you and us, shall be governed by the laws of the State of California, United States of America. Subject to the mandatory arbitration clause in Section 15 above, you agree that any cause of action that may arise under the Terms and that may be brought in court shall be commenced and be heard in the appropriate court located in Palo Alto, California, United States of America, and you agree to submit to the personal and exclusive jurisdiction of the courts located within Santa Clara County, California, United States of America.
We may restrict, suspend or terminate your access to the Services if we believe you are in breach of our terms and conditions or applicable law, or for any other reason without notice or liability. We maintain a policy that provides for the termination in appropriate circumstances of the Services use privileges of users who are repeat infringers of intellectual property rights.
a. The Terms, along with any additional terms applicable to parts of the Services you use, contain the entire agreement between you and us regarding the use of the Services, and supersede any prior agreement between you and us on such subject matter. The parties acknowledge that no reliance is placed on any representation made but not expressly contained in these Terms.
b. Any failure on PVP’s part to exercise or enforce any right or provision of the Terms does not constitute a waiver of such right or provision. The failure of either party to exercise in any respect any right provided for herein shall not be deemed a waiver of any further rights hereunder. The Terms may not be waived, except pursuant to a writing executed by PVP.
c. If any provision of the Terms is found to be unenforceable or invalid by an arbitrator or court of competent jurisdiction, then only that provision shall be modified to reflect the parties’ intention or eliminated to the minimum extent necessary so that the Terms shall otherwise remain in full force and effect and enforceable.
d. The Terms, and any rights or obligations hereunder, are not assignable, transferable or sublicensable by you except with PVP’s prior written consent but may be assigned or transferred by us without restriction. Any attempted assignment by you shall violate these Terms and be void.
e. You agree that no joint venture, partnership, employment, agency, special or fiduciary relationship exists between you and PVP as a result of these Terms or your use of the Services.
f. The section titles in the Terms are for convenience only and have no legal or contractual effect.
