Disclosures

Research references and citations

Paid sponsorships

aVenture is a research tool. aVenture is not compensated or affiliated with any companies or external platforms listed for investment. Investing in startups requires significant due diligence, and aVenture cannot make any representations about the accuracy of the data provided, either on aVenture's own website or on the websites linked to solely as a convenience/courtesy to users. It's imperative that you use your own due diligence to objectively verify the validity of a startup's representations before investing.

aVenture Privacy Policy

Hello. We are aVenture. Here's how we protect your data and respect your privacy.

Last update: July 11, 2022

Our role in your privacy

This privacy policy describes our policies and procedures on the collection, use, and disclosure of your information when you use the service and tells you about your privacy rights and how the law protects you.

Our responsibilities

We use your personal data to provide and improve the service.

Your responsibilities

  • Read this privacy policy
  • By using the service, you agree to the collection and use of information in accordance with this privacy policy.

When and how we collect data

DOES AVENTURE SHARE?
CAN YOU LIMIT THIS SHARING?
REASONS WE CAN SHARE YOUR PERSONAL INFORMATION

For our everyday business purposes—such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

For our marketing purposes—to offer our products and services to you

For joint marketing with other financial companies

For our affiliates’ everyday business purposes—information about your transactions and experiences

For our affiliates to market to you

For nonaffiliates to market to you

DOES AVENTURE SHARE?
CAN YOU LIMIT THIS SHARING?
REASONS WE CAN SHARE YOUR PERSONAL INFORMATION

For our everyday business purposes—such as to process your transactions, maintain your account(s), respond to court orders, and legal investigations

For our marketing purposes—to offer our products and services to you

For joint marketing with other financial companies

n/a

For our affiliates’ everyday business purposes—information about your transactions and experiences

n/a

For our affiliates to market to you


For nonaffiliates to market to you

Types of data we collect

Personal data

While using our service, aVenture may ask you to provide us with certain personally identifiable information that can be used to contact or identify you. Personally identifiable information may include, but is not limited to:

●       Email address
●       First name and last name
●       Phone number
●       Address, State, Province, ZIP/Postal code, City
●       Bank account information in order to pay for products and/or services within the service
●       Usage data

When you pay for a product and/or a service via bank transfer, aVenture may ask you to provide information to facilitate this transaction and to verify your identity. Such information may include, without limitation:

●       Date of birth
●       Passport or national ID card
●       Bank card statement
●       Other information linking you to an address

Usage data

Usage data is collected automatically when using the service.

Usage data may include information such as your device's Internet Protocol address (e.g. IP address), browser type, browser version, the pages of our service that you visit, the time and date of your visit, the time spent on those pages, unique device identifiers and other diagnostic data.

When you access the service by or through a mobile device, aVenture may collect certain information automatically, including, but not limited to, the type of mobile device you use, your mobile device's unique ID, the IP address of your mobile device, your mobile operating system, the type of mobile Internet browser you use, unique device identifiers and other diagnostic data.

We may also collect information that your browser sends whenever you visit our service or when you access the service by or through a mobile device.

Information from Third-Party Social Media Services

aVenture allows you to create an account and log in to use the service through the following third-party social media services:

●       Google
●       Facebook
●       Twitter
●       LinkedIn

If you decide to register through or otherwise grant us access to a third-party social media service, aVenture may collect personal data that is already associated with your third-party social media service's account, such as your name, your email address, your activities or your contact list associated with that account.

You may also have the option of sharing additional information with aVenture through your third-party social media service's account. If you choose to provide such information and personal data, during registration or otherwise, you are giving aVenture permission to use, share, and store it in a manner consistent with this privacy policy.

Information Collected while Using the Application

In order to provide features of our application while you are using it, aVenture may collect, with your prior permission:

●       Information regarding your location
●       Information from your device's phone book (contacts list)
●       Pictures and other information from your device's camera and photo library

We use this information to provide features, and improve and customize our service. The information may be uploaded to aVenture's servers and/or a service provider's server, or it may be simply stored on your device.

You can enable or disable access to this information at any time, through your device settings.

Tracking Technologies and cookies

We use cookies and similar tracking technologies to track the activity on our service and store certain information. The tracking technologies used are beacons, tags, and scripts to collect and track information and to improve and analyze our service. The technologies aVenture uses may include:

●       Cookies or Browser cookies. A cookie is a small file placed on your device. You can instruct your browser to refuse all cookies or to indicate when a cookie is being sent. However, if you do not accept cookies, you may not be able to use some parts of our service. Unless you have adjusted your browser setting so that it will refuse cookies, our service may use cookies.

●       Web Beacons. Certain sections of our service and our emails may contain small electronic files known as web beacons (also referred to as clear gifs, pixel tags, and single-pixel gifs) that permit aVenture, for example, to count users who have visited those pages or opened an email and for other related website statistics (for example, recording the popularity of a certain section and verifying system and server integrity).

Cookies can be "Persistent" or "Session" cookies. Persistent cookies remain on your personal computer or mobile device when you go offline, while session cookies are deleted as soon as you close your web browser.

We use both session and persistent cookies for the purposes set out below:

Necessary / Essential cookies
Type: Session cookies
Administered by: Us
Purpose: These cookies are essential to provide you with services available through the website and to enable you to use some of its features. They help to authenticate users and prevent fraudulent use of user accounts. Without these cookies, the services that you have asked for cannot be provided, and aVenture only uses these cookies to provide you with those services.

Cookies Policy / Notice Acceptance cookies
Type: Persistent cookies
Administered by: Us
Purpose: These cookies identify if users have accepted the use of cookies on the website.

Functionality cookies
Type: Persistent cookies
Administered by: Us
Purpose: These cookies allow us to remember choices you make when you use the website, such as remembering your login details or language preference. The purpose of these cookies is to provide you with a more personal experience and to avoid you having to re-enter your preferences every time you use the website.

Tracking and Performance cookies
Type: Persistent cookies
Administered by: Third-Parties
Purpose: These cookies are used to track information about traffic to the website and how users use the website. The information gathered via these cookies may directly or indirectly identify you as an individual visitor. This is because the information collected is typically linked to a pseudonymous identifier associated with the device you use to access the website. aVenture may also use these cookies to test new pages, features or new functionality of the website to see how our users react to them.

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What about children’s data?

aVenture is a service directed to and intended for use only by those who are 18 years of age or over. We do not target aVenture at children, and we do not knowingly collect any personal data from any person under 13 years of age.

As a parent, you should know that through the service children under the age of 13 may participate in activities that involve the collection or use of personal information. aVenture uses reasonable efforts to ensure that before aVenture collects any personal information from a child, the child's parent receives notice of and consents to our personal information practices.

We also may limit how aVenture collects, uses, and stores some of the information of users between 13 and 18 years old. In some cases, this means aVenture will be unable to provide certain functionality of the service to these users. If aVenture needs to rely on consent as a legal basis for processing your information and your country requires consent from a parent, aVenture may require your parent's consent before aVenture collects and uses that information.

We may ask a user to verify their date of birth before collecting any personal information from them. If the user is under the age of 13, the service will be either blocked or redirected to a parental consent process.

Information Collected from Children Under the Age of 13
aVenture may collect and store persistent identifiers such as cookies or IP addresses from children without parental consent for the purpose of supporting the internal operation of the service.

We may collect and store other personal information about children if this information is submitted by a child with prior parental consent or by the parent or guardian of the child.

aVenture may collect and store the following types of personal information about a child when submitted by a child with prior parental consent or by the parent or guardian of the child:

●       First and/or last name
●       Date of birth
●       Gender
●       Grade level
●       Email address
●       Telephone number
●       Parent's or guardian's name
●       Parent's or guardian's email address

For further details on the information aVenture might collect, you can refer to the "Types of data we collect" section of this privacy policy. aVenture follows our standard privacy policy for the disclosure of personal information collected from and about children.

Parental Access
A parent who has already given aVenture permission to collect and use their child(ren)’s personal information can, at any time:
●       Review, correct or delete the child's personal information
●       Discontinue further collection or use of the child's personal information

To make such a request, you can write to us using the privacy election form provided in this privacy policy.

How and why we use your data

The Company may use personal data for the following purposes:

●       To provide and maintain our service, including monitoring the usage of our service.
●       To manage your account: to manage your registration as a user of the service. The personal data you provide can give you access to different functionalities of the service that are available to you as a registered user.
●       For the performance of a contract: the development, compliance and undertaking of the purchase contract for the products, items or services you have purchased or of any other contract with us through the service.
●       To contact you: to contact you by email, telephone calls, SMS, or other equivalent forms of electronic communication, such as a mobile application's push notifications regarding updates or informative communications related to the functionalities, products or contracted services, including the security updates, when necessary or reasonable for their implementation.
●       To provide you with: news, special offers and general information about other goods, services and events that aVenture offers that are similar to those that you've already purchased or enquired about unless you have opted not to receive such information.
●       To manage your requests: to attend and manage your requests to us.
●       To deliver targeted advertising to you: aVenture may use your information to develop and display content and advertising (and work with third-party vendors who do so) tailored to your interests and/or location and to measure its effectiveness.
●       For business transfers: aVenture may use your information to evaluate or conduct a merger, divestiture, restructuring, reorganization, dissolution, or other sale or transfer of some or all of our assets, whether as a going concern or as part of bankruptcy, liquidation, or similar proceeding, in which personal data held by us about our service users is among the assets transferred.
●       For other purposes: aVenture may use your information for other purposes, such as data analysis, identifying usage trends, determining the effectiveness of our promotional campaigns, and to evaluate and improve our service, products, services, marketing and your experience.

We may share your personal information in the following situations:

●       With service providers: aVenture may share your personal information with service providers to monitor and analyze the use of our service, to advertise on third-party websites to you after you visited our service, for payment processing, to contact you.
●       For business transfers: aVenture may share or transfer your personal information in connection with, or during negotiations of, any merger, sale of company assets, financing, or acquisition of all or a portion of our business to another company.
●       With affiliates: aVenture may share your information with our affiliates, in which case aVenture will require those affiliates to honor this privacy policy. Affiliates include our parent company and any other subsidiaries, joint venture partners or other companies that aVenture control or that are under common control with us.
●       With business partners: aVenture may share your information with our business partners to offer you certain products, services or promotions.
●       With other users: when you share personal information or otherwise interact in the public areas with other users, such information may be viewed by all users and may be publicly distributed outside. If you interact with other users or register through a third-party social media service, your contacts on the third-party social media service may see your name, profile, pictures, and description of your activity. Similarly, other users will be able to view descriptions of your activity, communicate with you and view your profile.
●       With your consent: aVenture may disclose your personal information for any other purpose with your consent.

Our service may contain links to other websites that are not operated by us. If you click on a third-party link, you will be directed to that third party's site. aVenture strongly advises you to review the privacy policy of every site you visit.

We have no control over and assume no responsibility for the content, privacy policies, or practices of any third-party sites or services.

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Consent

You have given clear consent for you to process your personal data for a specific purpose.

You can change your mind!

If you do withdraw your consent, and if we do not have another legal basis for processing your information, then we will stop processing your personal data. If we do have another legal basis for processing your information, then we may continue to do so subject to your legal rights.

Legitimate interests

Processing your data is necessary for our legitimate interests or the legitimate interests of a third party, provided those interests are not outweighed by your rights and interests. These legitimate interests are:

  • Gaining insights from your behaviour on our website or in our app.
  • Delivering, developing and improving the aVenture service.
  • Enabling us to enhance, customize or modify our services and communications.
  • Determining whether marketing campaigns are effective.
  • Enhancing data security.

In each case, these legitimate interests are only valid if they are not outweighed by your rights and interests.

If you have previously given consent to our processing your data you can freely withdraw such consent at any time. You can do this by filling out our privacy election form.

Your privacy choices and rights

YOUR CHOICES

You can choose not to provide us with personal data

If you choose to do this, you can continue to use the website and browse its pages, but we will not be able to process transactions without personal data.

You can turn off cookies in your browser by changing its settings

You can block cookies by activating a setting on your browser allowing you to refuse cookies. You can also delete cookies through your browser settings. If you turn off cookies, you can continue to use aVenture but certain services will not work effectively.

You can ask us not to use your data for marketing

We will inform you (before collecting your data) if we intend to use your data for marketing and if third parties are involved. You can opt out from marketing by filling our Privacy elections form.

Your Rights

You can exercise your rights by filling our privacy election form.

You have the right to access information we hold about you

This includes the right to ask us supplementary information about:

  • The categories of data we’re processing
  • The purposes of data processing
  • The categories of third parties to whom the data may be disclosed
  • How long the data will be stored (or the criteria used to determine that period)
  • Your other rights regarding our use of your data

We will provide you with the information within 45 calendar days of your request, unless doing so would adversely affect the rights and freedoms of other (e.g. another person’s confidentiality or intellectual property rights). We’ll tell you if we can’t meet your request for that reason.

You have the right to make us correct any inaccurate personal data about you

We may use your data to determine whether we should let you know information that might be relevant to you (for example, tailoring emails to you based on your behavior). Otherwise, the only circumstances in which we will do this is to provide the aVenture service to you. You can contact us by filling our Privacy elections form to request your personal information be corrected.

You have the right to be "forgotten" by us

You can do this by asking us to erase any personal data we hold about you, if it is no longer necessary for us to hold the data for purposes of your use of aVenture. You can contact us by filling our Privacy elections form to request your personal information be deleted.

California privacy rights

YOUR CHOICES

You can choose not to provide us with personal data

If you choose to do this, you can continue to use the website and browse its pages, but we will not be able to process transactions without personal data.

You can turn off cookies in your browser by changing its settings

You can block cookies by activating a setting on your browser allowing you to refuse cookies. You can also delete cookies through your browser settings. If you turn off cookies, you can continue to use aVenture but certain services (like Intercom) will not work effectively.

You can ask us not to use your data for marketing

We will inform you (before collecting your data) if we intend to use your data for marketing and if third parties are involved. You can opt out from marketing by filling our Privacy elections form.

Your Rights

You can exercise your rights by filling our Privacy elections form.

You have the right to access information we hold about you

This includes the right to ask us supplementary information about:

  • The categories of data we’re processing
  • The purposes of data processing
  • The categories of third parties to whom the data may be disclosed
  • How long the data will be stored (or the criteria used to determine that period)
  • Your other rights regarding our use of your data

We will provide you with the information within one month of your request, unless doing so would adversely affect the rights and freedoms of other (e.g. another person’s confidentiality or intellectual property rights). We’ll tell you if we can’t meet your request for that reason.

You have the right to make us correct any inaccurate personal data about you

You can object to us using your data for profiling you or making automated decisions about youWe may use your data to determine whether we should let you know information that might be relevant to you (for example, tailoring emails to you based on your behavior). Otherwise, the only circumstances in which we will do this is to provide the aVenture service to you.

You have the right to be "forgotten" by us

You can do this by asking us to erase any personal data we hold about you, if it is no longer necessary for us to hold the data for purposes of your use of aVenture.

How secure is the data we collect?

The security of your personal data is important to us, but remember that no method of transmission over the Internet, or method of electronic storage is 100% secure. While aVenture strives to use commercially acceptable means to protect your personal data, aVenture cannot guarantee its absolute security.

And please remember:

  • You provide personal data at your own risk: unfortunately, no data transmission is guaranteed to be 100% secure
  • You are responsible of your username and password: keep them secret and safe!
  • If you believe your privacy has been breached, please contact us immediately by filling our Privacy elections form.

Where do we store the data?

aVenture is based in the United States, but, unless expressly agreed otherwise, the Company may host, transfer, and process data, including personal data, in the United States and in other countries through aVenture and third parties that we use to operate and manage our service. These countries may have data protection laws that are different from those of your country of residence. aVenture uses a variety of protection measures to protect the data we transfer.

How long do we store your data?

aVenture will retain your personal data only for as long as is necessary for the purposes set out in this privacy policy. aVenture will retain and use your personal data to the extent necessary to comply with our legal obligations (for example, if aVenture is required to retain your data to comply with applicable laws), resolve disputes, and enforce our legal agreements and policies.

aVenture will also retain usage data for internal analysis purposes. Usage data is generally retained for a shorter period of time, except when this data is used to strengthen the security or to improve the functionality of our service, or aVenture is legally obligated to retain this data for longer time periods.

Transfer of your Personal Data
Your information, including personal data, is processed at aVenture's operating offices and in any other places where the parties involved in the processing are located. It means that this information may be transferred to — and maintained on — computers located outside of your state, province, country, or other governmental jurisdiction where the data protection laws may differ from those of your jurisdiction.

Your consent to this privacy policy followed by your submission of such information represents your agreement to that transfer.

The Company will take all steps reasonably necessary to ensure that your data is treated securely and in accordance with this policy and no transfer of your personal data will take place to an organization or a country unless there are adequate controls in place including the security of your data and other personal information.

Disclosure of your Personal Data

Business Transactions
If aVenture is involved in a merger, acquisition or asset sale, your personal data may be transferred. We will provide notice before your personal data is transferred and becomes subject to a different privacy policy.

Law enforcement
Under certain circumstances, aVenture may be required to disclose your personal data if required to do so by law or in response to valid requests by public authorities (e.g. a court or a government agency).

Other legal requirements
aVenture may disclose your personal data in the good faith belief that such action is necessary to:
●       Comply with a legal obligation
●       Protect and defend the rights or property of aVenture
●       Prevent or investigate possible wrongdoing in connection with the service
●       Protect the personal safety of users of the service or the public
●       Protect against legal liability

Cookies and third parties who process your data

Our service providers may have access to your personal data. These third-party vendors collect, store, use, process, and transfer information about your activity on our service in accordance with their privacy policies.

Analytics
We may use third-party service providers to monitor and analyze the use of our service.

- Google Analytics
Google Analytics is a web analytics service offered by Google that tracks and reports website traffic. Google uses the data collected to track and monitor the use of our service. This data is shared with other Google services. Google may use the collected data to contextualize and personalize the ads of its own advertising network.
You can opt-out of having made your activity on the service available to Google Analytics by installing the Google Analytics opt-out browser add-on. The add-on prevents the Google Analytics JavaScript (ga.js, analytics.js and dc.js) from sharing information with Google Analytics about visits activity.
You may opt-out of certain Google Analytics features through your mobile device settings.
For more information on the privacy practices of Google, please visit the Google privacy & terms web page: https://policies.google.com/privacy

- Firebase
Firebase is an analytics service provided by Google Inc.
You may opt-out of certain Firebase features through your mobile device settings, such as your device advertising settings or by following the instructions provided by Google in their privacy policy: https://policies.google.com/privacy
We also encourage you to review Google's policy for safeguarding your data: https://support.google.com/analytics/answer/6004245
For more information on what type of information Firebase collects, please visit the "How Google uses data when you use our partners' sites or apps" webpage: https://policies.google.com/technologies/partner-sites

- Hotjar
Their privacy policy can be viewed at: https://www.hotjar.com/legal/policies/privacy/

- Heap Analytics
Their privacy policy can be viewed at: https://heap.io/privacy

Email Marketing
We may use your personal data to contact you with newsletters, marketing or promotional materials, and other information that may be of interest to you. You may opt-out of receiving any, or all, of these communications from us by following the unsubscribe link or instructions provided in any email aVenture sends or by contacting us.

We may use Email Marketing service providers to manage and send emails to you.

- Mailchimp
Mailchimp is an email marketing sending service provided by The Rocket Science Group LLC.
For more information on the privacy practices of Mailchimp, please visit their privacy policy:
https://mailchimp.com/legal/privacy/

- Hubspot
Their privacy policy can be viewed at: https://legal.hubspot.com/privacy-policy

Payments
We may provide paid products and/or services within the service. In that case, aVenture may use third-party services for payment processing (e.g. payment processors).

We will not store or collect your payment card details. That information is provided directly to our third-party payment processors whose use of your personal information is governed by their privacy policy. These payment processors adhere to the standards set by PCI-DSS as managed by the PCI Security Standards Council, which is a joint effort of brands like Visa, Mastercard, American Express and Discover. PCI-DSS requirements help ensure the secure handling of payment information.

- Stripe
Their privacy policy can be viewed at: https://stripe.com/us/privacy

When you use our service to pay for a product and/or service via bank transfer, aVenture may ask you to provide information to facilitate this transaction and to verify your identity.

Behavioral Remarketing
aVenture uses remarketing services to advertise to you after you accessed or visited our service. aVenture and our third-party vendors use cookies and non-cookie technologies to help us recognize your device and understand how you use our service so that aVenture can improve our service to reflect your interests and serve you advertisements that are likely to be of more interest to you.

These third-party vendors collect, store, use, process and transfer information about your activity on our service in accordance with their privacy policies and to enable us to:

●       Measure and analyze traffic and browsing activity on our service
●       Show advertisements for our products and/or services to you on third-party websites or apps
●       Measure and analyze the performance of our advertising campaigns

Some of these third-party vendors may use non-cookie technologies that may not be impacted by browser settings that block cookies. Your browser may not permit you to block such technologies. you can use the following third-party tools to decline the collection and use of information for the purpose of serving your interest-based advertising:

● The NAI's opt-out platform: http://www.networkadvertising.org/choices/
● The EDAA's opt-out platform http://www.youronlinechoices.com/
● The DAA's opt-out platform: http://optout.aboutads.info/?c=2&lang=EN

You may opt-out of all personalized advertising by enabling privacy features on your mobile device such as Limit Ad Tracking (iOS) and opt out of Ads Personalization (Android). See your mobile device's Help system for more information.

We may share information, such as hashed email addresses (if available) or other online identifiers collected on our service with these third-party vendors. This allows our third-party vendors to recognize and deliver ads across devices and browsers. To read more about the technologies used by these third-party vendors and their cross-device capabilities please refer to the privacy policy of each vendor listed below.

The third-party vendors aVenture uses are:

- Google Ads (AdWords)
Google Ads (AdWords) remarketing service is provided by Google Inc.
You can opt-out of Google Analytics for Display Advertising and customize the Google Display Network ads by visiting the Google Ads Settings page: http://www.google.com/settings/ads
Google also recommends installing the Google Analytics Opt-out Browser Add-on - https://tools.google.com/dlpage/gaoptout - for your web browser.
Google Analytics Opt-out Browser Add-on provides visitors with the ability to prevent their data from being collected and used by Google Analytics.
For more information on the privacy practices of Google, please visit the Google Privacy & Terms web page: https://policies.google.com/privacy

- Bing Ads Remarketing
Bing Ads remarketing service is provided by Microsoft Inc.
You can opt-out of Bing Ads interest-based ads by following their instructions: https://advertise.bingads.microsoft.com/en-us/resources/policies/personalized-ads
You can learn more about the privacy practices and policies of Microsoft by visiting their privacy policy page: https://privacy.microsoft.com/en-us/PrivacyStatement

- Twitter
Twitter remarketing service is provided by Twitter Inc.
You can opt-out from Twitter's interest-based ads by following their instructions: https://support.twitter.com/articles/20170405
You can learn more about the privacy practices and policies of Twitter by visiting their privacy policy page: https://twitter.com/privacy

- Facebook
Facebook remarketing service is provided by Facebook Inc.
You can learn more about interest-based advertising from Facebook by visiting this page: https://www.facebook.com/help/516147308587266
To opt-out from Facebook's interest-based ads, follow these instructions from Facebook: https://www.facebook.com/help/568137493302217
Facebook adheres to the Self-Regulatory Principles for Online Behavioural Advertising established by the Digital Advertising Alliance.
You can also opt-out from Facebook and other participating companies through the Digital Advertising Alliance in the USA http://www.aboutads.info/choices/, the Digital Advertising Alliance of Canada in Canada http://youradchoices.ca/ or the European Interactive Digital Advertising Alliance in Europe http://www.youronlinechoices.eu/, or opt-out using your mobile device settings.
For more information on the privacy practices of Facebook, please visit Facebook's data policy: https://www.facebook.com/privacy/explanation

- Pinterest
Pinterest remarketing service is provided by Pinterest Inc.
You can opt-out from Pinterest's interest-based ads by enabling the "Do Not Track" functionality of your web browser or by following Pinterest instructions: http://help.pinterest.com/en/articles/personalization-and-data
You can learn more about the privacy practices and policies of Pinterest by visiting their privacy policy page: https://about.pinterest.com/en/privacy-policy

- Perfect Audience
Perfect Audience remarketing service is provided by NowSpots Inc.
You can opt-out of Perfect Audience remarketing by visiting these pages: Platform Opt-out (http://pixel.prfct.co/coo) and Partner Opt-out (http://ib.adnxs.com/optout).
For more information on the privacy practices of Perfect Audience, please visit the Perfect Audience privacy policy & Opt-out web page: https://www.perfectaudience.com/privacy/

Usage, Performance, and Miscellaneous
We may use third-party service providers to provide better improvement of our service.

- Google Places
Google Places is a service that returns information about places using HTTP requests. It is operated by Google.
Google Places service may collect information from you and from your device for security purposes.
The information gathered by Google Places is held in accordance with the privacy policy of Google: https://www.google.com/intl/en/policies/privacy/

Facebook Fan Page
- Data Controller for the Facebook Fan Page
The Company collects and stores your personal data while using the service. As the operator of the Facebook Fan Page https://www.facebook.com/aVentureFunds, aVenture and the operator of the social network Facebook jointly manage your data.

The Company has entered into agreements with Facebook that define the terms for use of the Facebook Fan Page, among other things. These terms are mostly based on the Facebook Terms of Service: https://www.facebook.com/terms.php

Visit Facebook's privacy policy https://www.facebook.com/policy.php for more information about how Facebook manages personal data or contact Facebook online, or by mail: Facebook, Inc. ATTN, Privacy Operations, 1601Willow Road, Menlo Park, CA 94025, United States.

- Facebook Insights
We use the Facebook Insights function in connection with the operation of the Facebook Fan Page, in order to obtain anonymized statistical data about our users.

For this purpose, Facebook places a cookie on the device of the user visiting our Facebook Fan Page. Each cookie contains a unique identifier code and remains active for a period of two years, except when it is deleted before the end of this period.

Facebook receives, records, and processes the information stored in the cookie, especially when the user visits the Facebook services, services that are provided by other members of the Facebook Fan Page and services by other companies that use Facebook services.

For more information on the privacy practices of Facebook, please visit Facebook's privacy policy here: https://www.facebook.com/privacy/explanation

GDPR privacy

Legal Basis for Processing Personal Data under GDPR

aVenture does not conduct business in the European Union and none of our online presence should be considered as a solicitation for customers in the region.

We may process personal data under the following conditions:

●       Consent: you have given your consent for processing personal data for one or more specific purposes.
●       Performance of a contract: provision of personal data is necessary for the performance of an agreement with you and/or for any pre-contractual obligations thereof.
●       Legal obligations: processing personal data is necessary for compliance with a legal obligation to which the Company is subject.
●       Vital interests: processing personal data is necessary in order to protect your vital interests or of another natural person.
●       Public interests: processing personal data is related to a task that is carried out in the public interest or in the exercise of official authority vested in the Company.
●       Legitimate interests: processing personal data is necessary for the purposes of the legitimate interests pursued by the Company.

In any case, aVenture will gladly help to clarify the specific legal basis that applies to the processing, and in particular whether the provision of personal data is a statutory or contractual requirement, or a requirement necessary to enter into a contract.

Your Rights under the GDPR
The Company undertakes to respect the confidentiality of your personal data and to guarantee you can exercise your rights.

You have the right under this privacy policy, and by law, if you are within the EU, to:

●       Request access to your personal data. The right to access, update or delete the information aVenture has on you. Whenever made possible, you can access, update or request deletion of your personal data directly within your account settings section. If you are unable to perform these actions yourself, please contact us to assist You. This also enables you to receive a copy of the personal data aVenture holds about you.
●       Request correction of the personal data that aVenture holds about you. You have the right to have any incomplete or inaccurate information aVenture holds about you corrected.
●       Object to processing of your personal data. This right exists where aVenture is 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 our processing of your personal data on this ground. You also have the right to object where aVenture is processing your personal data for direct marketing purposes.
●       Request erasure of your personal data. You have the right to ask us to delete or remove personal data when there is no good reason for us to continue processing it.
●       Request the transfer of your personal data. aVenture will provide to you, or to a third-party you have chosen, your personal data in a structured, commonly used, machine-readable format. Please note that this right only applies to automated information which you initially provided consent for us to use or where aVenture used the information to perform a contract with you.
●       Withdraw your consent. You have the right to withdraw your consent on using your personal data. If you withdraw your consent, aVenture may not be able to provide you with access to certain specific functionalities of the service.

Exercising of your GDPR Data Protection Rights
You may exercise your rights of access, rectification, cancellation and opposition by contacting us. Please note that aVenture may ask you to verify your identity before responding to such requests. If you make a request, aVenture will try its best to respond to you as soon as possible.

You have the right to complain to a Data Protection Authority about our collection and use of your personal data. For more information, if you are in the European Economic Area (EEA), please contact your local data protection authority in the EEA.

Chart 1: Long-term performance of venture capital compared to U.S. stocks

Sources: S&P 500 Index; Cambridge Associates (2017), “US Venture Capital Index and Selected Benchmark Statistics”, US Venture Capital Index, One Quarter Horizon Pooled Return as of December 31, 2017. Cambridge Associates (2020), “US Venture Capital Index and Selected Benchmark Statistics”, US Venture Capital Index, One Quarter Horizon Pooled Return as of June 30, 2020. 

Disclaimer: The S&P 500 Index performance includes the impact of reinvested dividends by illustrating its total return. The Cambridge Associates US Venture Capital Index is net of fees, expenses, and carried interests. All investing involves risk, and it cannot be done directly on these indexes. Past performance does not ensure future results and expected returns or projections may not accurately reflect future performance. 

Chart 2: Annual returns of venture capital vs. US stocks

Sources: S&P 500 Index. Cambridge Associates, 2017 “US Venture Capital Index and Selected Benchmark Statistics”, US Venture Capital Index, One Quarter Horizon Pooled Return as of December 31, 2017. Cambridge Associates, 2020 “US Venture Capital Index and Selected Benchmark Statistics”, US Venture Capital Index, One Quarter Horizon Pooled Return as of June 30, 2020. 

Disclaimer: The S&P 500 Index performance includes the impact of reinvested dividends by illustrating its total return. The Cambridge Associates US Venture Capital Index is net of fees, expenses, and carried interests. All investing involves risk, and it cannot be done directly on these indexes. Past performance does not ensure future results and expected returns or projections may not accurately reflect future performance.

Venture capital investments over time

Source: NVCA, 2021. “NVCA 2021 Yearbook”.

Disclaimer: Analysis period 2002-2020. Data was provided by PitchBook, and it includes the total capital raised for each year and the number of deals signed. 

Risk and return across different asset classes

Source: Robert S. Harris, Tim Jenkinson, and Steven N. Kaplan, “How Do Private Equity Investments Perform Compared to Public Equity?” Journal of Investment Management, Vol. 14, No. 3, Third Quarter 2016, 1-24; Steve Kaplan, “What Do We Know About Private Equity Performance?” Guest Lecture at Miami Herbert Business School, January 31, 2020; Steve Kaplan, “What Do Venture Capitalists Do? How Well Have They Done?” University of Chicago Booth School of Business; FactSet; NAREIT; Refinitiv; and Aswath Damodaran, in Morgan Stanley (2020),  “Public to Private Equity in the United States: A Long-Term Look”.

Disclaimer: Past performance does not ensure future results and expected returns or projections may not accurately reflect future performance. All asset classes correspond to the period 1984-2015, except for venture capital funds, which reflect the period 1984-2013. Return for buyout and venture capital is measured by the weighted average internal rate of return (IRR). All asset classes are for the U.S. except for Non-U.S. Equities and Commodities (Buyout and VC have a North American focus).

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