Terms of Use

Last updated: April 21, 2025

Stage Capital Management, LLC dba Edited Capital Management (“Edited Capital” or “we” or “us”) is providing this website, www.editedcapital.com, as an information service. By accessing www. editedcapital.com and any of the memorandums, text, information, materials, or other content therein (the “Site”) and/or using the information, tools, content, and features located on it, you accept and agree to be bound by this terms of use agreement (“Terms”), as may be amended from time to time. It is your responsibility to be aware of, and to comply with, these Terms and all applicable laws and regulations of any relevant jurisdiction, when using the Site and related services. If you do not agree to be bound by these Terms, including the mandatory arbitration provision and class action waiver in Section 18, you may not access or use our Site.

ANY DISPUTE OR CLAIM RELATING IN ANY WAY TO YOUR USE OF THE SITE WILL BE GOVERNED AND INTERPRETED BY AND UNDER THE LAWS OF THE STATE OF COLORADO, CONSISTENT WITH THE FEDERAL ARBITRATION ACT, WITHOUT GIVING EFFECT TO ANY PRINCIPLES THAT PROVIDE FOR THE APPLICATION OF THE LAW OF ANY OTHER JURISDICTION.

In addition to these Terms, we may ask you to accept additional terms that apply to specific features, products or services. To the extent any additional terms conflict with these Terms, the additional terms govern with respect to your access to or use of the applicable feature, product or service.

If you have any questions about these Terms or our Site, please contact us at hello@editedcapital.com.

1) Eligibility and Authority

You must be at least 18 years of age or older to access or use our Site. If you are accessing or using our Site on behalf of another person or entity, you represent that you are authorized to accept these Terms on that person or entity’s behalf and that the person or entity agrees to be responsible to us if you or the other person or entity violates these Terms.

2) Privacy

Please refer to our Privacy Policy for information about how we collect, use and disclose information about you.

3) Business Plans and Other Information Provided By You

We welcome you to reach out to us. However, any information or materials that you consider trade secrets, confidential or proprietary should not be submitted to us. Absent an express written agreement to the contrary, any information or materials that you provide to us will not be considered confidential or proprietary and will not be returned or safeguarded. We reserve the right to turn down investment opportunities in our sole discretion. We receive many similar plans and ideas, and your idea may already have been submitted to us or be under consideration by us. We are not limited or restricted in any way from pursuing opportunities with others.

4) No Solicitation or Investment Advice

The purpose of this Site (including any portion of this Site available only to investors) is limited to providing you with general information on our services and philosophy. We do not render or offer to render investment advice through this Site. Nothing on this Site, including any investment memorandums, constitutes or forms a part of any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities or other financial instruments, nor should it or any part of it form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. We may only transact business or render investment advice in those jurisdictions where we are appropriately registered and/or licensed or where we are otherwise excluded or exempted from registration and/or licensing requirements. The investments highlighted on this Site were selected for illustrative purposes in order to underscore the investment themes utilized by Edited Capital. The selected investments are not meant to imply the returns of any fund on an individual or aggregate basis. The information provided on the Site is illustrative and no assurance can be provided that any of the future events referenced herein will occur on the terms contemplated herein or at all. We do not speak on behalf of any company where information is highlighted for illustrative purposes. Any statistical information contained on the Site has been supplied for information purposes only and is not intended to be and does not constitute investment advice or an opinion regarding appropriateness of an investment in any Edited Capital fund. There is no implication that any information contained on this Site, such as our investment memorandums, is accurate or that there has been no change in such information since the date first posted. Certain places on this Site may contain information created and published by institutions or organizations independent of us. We do not endorse, approve, certify, or control these materials. In addition, we do not guarantee or assume responsibility for the accuracy, completeness, efficacy, timeliness or correct sequencing of information in any material on our website. Use of such information is voluntary, and reliance on it should be undertaken after an independent review of its accuracy, completeness, efficacy, and timeliness. Finally, reference in this Site to any specific commercial product, process, or service by trade name, trademark, service mark, manufacturer, or otherwise does not constitute or imply endorsement, recommendation, or favoring by us.

5) Forward Looking Statements

The contents of the Site may contain forward-looking statements that are based on beliefs, assumptions, current expectations, estimates, and projections about the financial industry, the economy, Edited Capital itself or its investments. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence, and may not prove to be correct. Therefore, actual results and outcomes may materially differ from what may be expressed or forecasted in such forward-looking statements. Furthermore, Edited Capital undertakes no obligation to update, amend or clarify forward-looking statements, whether because of new information, future events or otherwise.

6) Our Content

The information and content posted on this Site is provided for informational and discussion purposes only and is not intended to be, and shall not be regarded or construed as, a recommendation for a transaction or investment or financial, tax, legal, or other advice of any kind. Edited Capital makes no warranty or representation regarding any such information or the data presented in such materials. In addition, it does not constitute or imply any commitment whatsoever, including without limitation an offer to purchase, sell or hold any security investment, loan or other financial product or to enter into or arrange any type of transaction.

7) Intellectual Property

As between you and us, we own all rights, title and interest in and to this Site, all the content (including, without limitation, all text, audio, photographs, images, renderings, RSS feeds, podcasts, reports, memorandums, charts, logos, widgets, gadgets, applets, and video), software, code, data and other materials thereon (collectively, the “Site Content”), the look and feel, design and organization of the Site, and the compilation of the Site Content. Your use of the Site does not grant to you ownership or title of, in, or to any Site Content or any other part of the Site.

Subject to these Terms, you may access, view, use and display the Site and Site Content on your computer or other Internet-capable device for your own, non-commercial purposes, provided that you comply fully with these Terms. You may not copy or display for redistribution to third parties any portion of the Site or the Site Content without the prior written permission of Edited Capital.

The trademarks associated with Edited Capital and of any other companies that are published on our Site, including those of our portfolio companies, are owned by their respective owners. You are not permitted to use any trademarks, logos, service marks and trade names (“Marks”) that are displayed on the Site without our prior written consent or the consent of such third party which may own the Marks.

8) Security

While we endeavor to protect the security and integrity of the information we may collect from you via the Site, as described in our Privacy Policy, due to the inherent nature of the Internet as an open global communications vehicle, we cannot guarantee that any information, during transmission through the Internet or while stored on our system or otherwise in our care, will be absolutely safe from intrusion by others, such as hackers. A third party could view the information you send in transit by electronic means. We will have no liability for disclosure of your information due to errors or unauthorized acts of third parties during or after transmission.

9) Prohibited Conduct

9.1) Prohibited Activities on the Site

You will not violate any applicable law, contract, intellectual property or other third-party right or commit a tort, and you are solely responsible for your conduct while accessing or using our Site. When you access or use our Site, you will not:

Engage in any harassing, threatening, intimidating, predatory or stalking conduct;
Impersonate any person or entity, including without limitation, any Edited Capital official, employee, or falsely state or otherwise misrepresent your affiliation with such a person or entity;
Use or attempt to use another user’s account without authorization from that user and Edited Capital;
Access the Site by any means other than through the standard industry-accepted or Edited Capital-approved application program interfaces;
Use our Site in any manner that could interfere with, disrupt, negatively affect or inhibit other users from fully enjoying our Site or that could damage, disable, overburden or impair the functioning of our Site in any manner;
Delete or revise any material posted by another person or entity;
Delete or modify any author attributions, legal notices or proprietary designations or labels that you upload to any communication feature;
Register, subscribe, attempt to register or subscribe, unsubscribe or attempt to unsubscribe, any party for any Edited Capital product or service if you are not expressly authorized by such party to do so;
Reverse engineer any aspect of our Site or do anything that might discover source code or bypass or circumvent measures employed to prevent or limit access to any part of our Site;
Attempt to circumvent any content-filtering techniques we employ or attempt to access any feature or area of our Site that you are not authorized to access;
Develop or use any third-party applications that interact with our Site without our prior written consent, including any scripts designed to scrape or extract data from our Site;
Bypass or ignore instructions contained in our robots.txt file that controls automated access to portions of our Site; or
Use our Site for any illegal or unauthorized purpose, or engage in, encourage or promote any activity that violates these Terms.

9.2) Compliance with Laws

You represent and warrant that your access to and use of the Site will comply with all applicable laws, rules and regulations, including but not limited to Export Control and Sanctions Laws (defined below) and those that relate to privacy and data protection and to the sending of electronic communications. You also represent and warrant (i) that your access to and use of the Site will comply with all applicable U.S. securities laws, rules, or regulations, including the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940, and (ii) that you have not received notice of any investigation or inquiry, or any subpoena or a document request relating to an investigation or inquiry, from any securities regulator. Moreover, you agree to notify us in the event that you receive notice of any investigation, inquiry, or any subpoena or a document request relating thereto, from any securities regulator.

9.3) Reporting Abuse

If you think anyone using the Site is violating any of these Terms, please notify us immediately by emailing hello@editedcapital.com.

10) Third Party Content and Services

We may display content, advertisements and promotions from third parties (“Third Party Content”). We do not control, endorse or adopt any Third Party Content, and we make no representations or warranties of any kind regarding such Third Party Content, including, without limitation, regarding its accuracy or completeness. You acknowledge and agree that your interactions with third parties providing Third Party Content are solely between you and such third parties, and that Edited Capital has no responsibility or liability for any Third Party Content. If Edited Capital requires you to accept additional terms, conditions, or obligations in connection with your use of third party services or third party integrations (“Third Party Terms“), we will provide you advanced notice and obtain your authorization or acceptance of such Third Party Terms, which shall include your continued use of such services or integrations.

11) Feedback

Any questions, comments, suggestions, ideas, original or creative materials or other information you submit about Edited Capital (collectively, “Feedback“), is non-confidential and will become the sole property of Edited Capital. We will own exclusive rights, including, without limitation, all intellectual property rights, in and to Feedback and will be entitled to the unrestricted use and dissemination of Feedback for any purpose, commercial or otherwise, without acknowledgment or compensation to you.

12) Indemnification

To the fullest extent permitted by applicable law, you will indemnify, defend, and hold harmless Edited Capital, our parent, subsidiaries and affiliates, and each of our respective officers, directors, agents, partners and employees (individually and collectively, the “Edited Capital Parties”) from and against any loss, liability, claim, demand, damages, expenses or costs (“Claims“) arising out of or related to (a) your access to or use of our Site; (b) your violation of these Terms; (c) your violation, misappropriation or infringement of any rights of a third party (including intellectual property rights or privacy rights) or (d) your conduct in connection with our Site. You agree to promptly notify Edited Capital Parties of any third party Claims, cooperate with Edited Capital Parties in defending such Claims and pay all fees, costs and expenses associated with defending such Claims (including, but not limited to, attorneys’ fees). You also agree that Edited Capital Parties will have control of the defense or settlement of any third party Claims. This indemnity is in addition to, and not in lieu of, any other indemnities set forth in a written agreement between you and Edited Capital or the other Edited Capital Parties.

13) Disclaimers

YOU EXPRESSLY UNDERSTAND AND AGREE THAT TO THE EXTENT PERMITTED BY APPLICABLE LAW, YOUR USE OF THE SITE IS AT YOUR SOLE RISK, AND THE SITE AND SITE CONTENT ARE PROVIDED ON AN “AS IS” AND “AS AVAILABLE” BASIS, WITH ALL FAULTS. EDITED CAPITAL EXPRESSLY DISCLAIMS ALL WARRANTIES, REPRESENTATIONS, AND CONDITIONS OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OR CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE AND NON-INFRINGEMENT ARISING FROM USE OF THE SITE.

YOU EXPRESSLY AGREE THAT YOUR USE OF THE SITE AND SITE CONTENT IS AT YOUR SOLE RISK. NEITHER WE NOR ANY OF OUR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR CONTENT OR SERVICE PROVIDERS WARRANT THAT USE OF THE SITE WILL BE UNINTERRUPTED OR ERROR FREE. THE SITE MAY BE SUBJECT TO DELAYS OR OTHER DISRUPTIONS. IN ADDITION, ALTHOUGH THE INFORMATION PROVIDED TO YOU ON THIS SITE IS OBTAINED OR COMPILED FROM SOURCES (INCLUDING, WITHOUT LIMITATION, INFORMATION FROM THIRD PARTIES) WE BELIEVE TO BE RELIABLE, NEITHER WE NOR ANY OF OUR DIRECTORS, OFFICERS, EMPLOYEES, AGENTS, OR CONTENT OR SERVICE PROVIDERS MAKE ANY WARRANTY AS TO (I) THE RESULTS OR ANALYSIS THAT MAY BE OBTAINED FROM YOUR USE OF THE SITE OR SITE CONTENT, (II) THE ACCURACY, CURRENCY OR COMPLETENESS OF THE INFORMATION ON OUR SITE, OR (III) THE RELIABILITY OF ANY ADVICE, ANALYSIS, OPINION, STATEMENT OR OTHER MATERIALS DISPLAYED ON, OR DISTRIBUTED THROUGH, OUR SITE. NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED FROM EDITED CAPITAL OR THROUGH THE SITE WILL CREATE ANY WARRANTY NOT EXPRESSLY MADE HEREIN.

YOU ACKNOWLEDGE AND AGREE THAT EDITED CAPITAL IS NOT LIABLE, AND YOU AGREE NOT TO HOLD EDITED CAPITAL LIABLE, FOR THE CONDUCT OF THIRD PARTIES, INCLUDING OPERATORS OF EXTERNAL SITES THAT ARE LINKED TO THE SITE, AND THAT THE RISK OF INJURY FROM SUCH PARTIES RESTS ENTIRETY WITH YOU. YOU ARE SOLELY RESPONSIBLE FOR ALL OF YOUR COMMUNICATIONS AND INTERACTIONS WITH OTHER USERS OF THE SITE. YOU UNDERSTAND THAT EDITED CAPITAL DOES NOT MAKE ANY ATTEMPT TO VERIFY THE STATEMENTS OF USERS OF THE SITE.

14) Limitation of Liability

EDITED CAPITAL AND THE OTHER EDITED CAPITAL PARTIES WILL NOT BE LIABLE TO YOU UNDER ANY THEORY OF LIABILITY—WHETHER BASED IN CONTRACT, TORT, NEGLIGENCE, WARRANTY, COPYRIGHT, STRICT LIABILITY OR ANY OTHER LEGAL THEORY—FOR ANY INDIRECT, CONSEQUENTIAL, EXEMPLARY, INCIDENTAL, PUNITIVE OR SPECIAL DAMAGES OR LOST PROFITS, ARISING FROM, OR DIRECTLY OR INDIRECTLY RELATED TO, THE USE OR INABILITY TO USE THE SITE OR ANY OTHER MATTER RELATED TO THE SITE, EVEN IF EDITED CAPITAL OR THE OTHER EDITED CAPITAL PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THE TOTAL LIABILITY OF EDITED CAPITAL AND THE OTHER EDITED CAPITAL PARTIES, FOR ANY CLAIM ARISING OUT OF OR RELATING TO THE USE OR INABILITY TO USE THE SITE OR ANY OTHER MATTER RELATED TO THE SITE, REGARDLESS OF THE FORM OF THE ACTION, IS LIMITED TO THE AMOUNT PAID, IF ANY, BY YOU TO ACCESS OR USE OUR SITE.

15) Release

To the fullest extent permitted by applicable law, you release Edited Capital and the other Edited Capital Parties from responsibility, liability, claims, demands, and/or damages (actual and consequential) of every kind and nature, known and unknown (including, but not limited to, claims of negligence), arising out of or related to disputes between users and the acts or omissions of third parties. You expressly waive any rights you may have under California Civil Code § 1542 as well as any other statute or common law principles that would otherwise limit the coverage of this release to include only those claims which you may know or suspect to exist in your favor at the time of agreeing to this release.

16) Electronic Communications

The communications between you and Edited Capital use electronic means, whether you visit the Site or send Edited Capital e-mails, or whether Edited Capital posts notices on its properties or communicates with you via e-mail. For contractual purposes, you (1) consent to receive communications from Edited Capital in an electronic form; and (2) agree that all terms and conditions, agreements, notices, disclosures, and other communications that Edited Capital provides to you electronically satisfy any legal requirement that such communications would satisfy if it were to be in writing. The foregoing does not affect your statutory rights.

17) Transfer and Processing Data

By accessing or using our Site, you consent to the processing, transfer and storage of information about you in and to the United States and other countries, where you may not have the same rights and protections as you do under local law.

18) Dispute Resolution; Binding Arbitration

Please read the following section carefully because it requires you to arbitrate certain disputes and claims with Edited Capital and limits the manner in which you can seek relief from us.

Except for small claims disputes in which you or Edited Capital seek to bring an individual action in small claims court located in the county of your billing address or disputes in which you or Edited Capital seeks injunctive or other equitable relief for the alleged unlawful use of intellectual property, you and Edited Capital waive your rights to a jury trial and to have any dispute arising out of or related to these Terms or our Site resolved in court. Instead, all disputes arising out of or relating to these Terms or our Site will be resolved through confidential binding arbitration held in Denver, Colorado in accordance with the Streamlined Arbitration Rules and Procedures (“Rules“) of the Judicial Arbitration and Mediation Services (“JAMS“), which are available on the JAMS website and hereby incorporated by reference. You either acknowledge and agree that you have read and understand the rules of JAMS or waive your opportunity to read the rules of JAMS and any claim that the rules of JAMS are unfair or should not apply for any reason.

You and Edited Capital agree that any dispute arising out of or related to these Terms or our Site is personal to you and Edited Capital and that any dispute will be resolved solely through individual arbitration and will not be brought as a class arbitration, class action or any other type of representative proceeding.

You and Edited Capital agree that these Terms affect interstate commerce and that the enforceability of this Section 18 will be substantively and procedurally governed by the Federal Arbitration Act, 9 U.S.C. § 1, et seq. (the “FAA“), to the maximum extent permitted by applicable law. As limited by the FAA, these Terms and the JAMS Rules, the arbitrator will have exclusive authority to make all procedural and substantive decisions regarding any dispute and to grant any remedy that would otherwise be available in court; provided, however, that the arbitrator does not have the authority to conduct a class arbitration or a representative action, which is prohibited by these Terms. The arbitrator may only conduct an individual arbitration and may not consolidate more than one individual’s claims, preside over any type of class or representative proceeding or preside over any proceeding involving more than one individual. You and Edited Capital agree that for any arbitration you initiate, you will pay the filing fee and Edited Capital will pay the remaining JAMS fees and costs. For any arbitration initiated by Edited Capital, Edited Capital will pay all JAMS fees and costs. You and Edited Capital agree that the state or federal courts of the State of Colorado and the United States sitting in Denver, Colorado have exclusive jurisdiction over any appeals and the enforcement of an arbitration award.

Any claim arising out of or related to these Terms or our Site must be filed within one year after such claim arose; otherwise, the claim is permanently barred, which means that you and Edited Capital will not have the right to assert the claim.

You have the right to opt out of binding arbitration within thirty (30) days of the date you first accepted the terms of this Section 18 by emailing us at hello@editedcapital.com. In order to be effective, the opt out notice must include your full name and clearly indicate your intent to opt out of binding arbitration. If you opt out of this binding arbitration, all other parts of these Terms will continue to apply to you.

19) Governing Law and Venue

These Terms and your access to and use of our Site will be governed by and construed and enforced in accordance with the laws of State of Colorado, without regard to conflict of law rules or principles (whether of Colorado or any other jurisdiction) that would cause the application of the laws of any other jurisdiction. Any dispute between the parties that is not subject to arbitration or cannot be heard in small claims court will be resolved in the state or federal courts of Colorado and the United States, respectively, sitting in Denver, Colorado.

20) Changes to these Terms

We may make changes to these Terms from time to time. If we make changes, we will post the amended Terms to our Site and update the “Last Updated” date above. We may also attempt to notify you by sending an email notification to the address associated with your account or providing notice through our Site. Unless we say otherwise in our notice, the amended Terms will be effective immediately and your continued access to and use of our Site after we provide notice will confirm your acceptance of the changes. If you do not agree to the amended Terms, you must stop accessing and using our Site.

21) Termination

We reserve the right, without notice and in our sole discretion, to terminate your right to access or use our Site. We are not responsible for any loss or harm related to your inability to access or use our Site.

22) Severability

If any provision or part of a provision of these Terms is unlawful, void or unenforceable, that provision or part of the provision is deemed severable from these Terms and does not affect the validity and enforceability of any remaining provisions.

23) Miscellaneous

These Terms constitute the entire agreement between you and Edited Capital relating to your access to and use of our Site. Any additional or different terms proposed by you in any purchase order, request for proposal or other document are hereby objected to by Edited Capital and shall be void. The failure of Edited Capital to exercise or enforce any right or provision of these Terms will not operate as a waiver of such right or provision. The section titles in these Terms are for convenience only and have no legal or contractual effect. Except as otherwise provided herein, these Terms are intended solely for the benefit of the parties and are not intended to confer third party beneficiary rights upon any other person or entity. These Terms may not be assigned or transferred by you except with our prior written consent. These Terms may be executed and delivered electronically and in one or more counterparts, each of which shall, when taken together, constitute a single document.