The rules of the road.

Verdict is an AI investment-memo generation product. You upload a pitch deck or business plan. We return a partner-grade investment memo calibrated to your fund thesis (for VC users) or to your fundraise context (for founder users). The memo includes verdicts, prose sections, market sizing with citations, a risk matrix, and diligence questions.

Verdict is a tool. The memo is AI-generated analysis based on the documents you provide and the public sources our chain consults. It is not investment advice, not a substitute for your own diligence, and not a regulated financial product. See section 09 for the full disclaimer.

You must be at least 18 years old, legally able to enter a contract in your jurisdiction, and using Verdict for a lawful purpose. If you sign up on behalf of a fund, company, or other organization, you represent that you have authority to bind that organization to these terms.

You agree not to: (a) upload content you don’t have the right to share with us, (b) reverse engineer the service, (c) use Verdict to generate content for resale as a competing memo product, (d) scrape, crawl, or harvest data from Verdict, (e) attempt to bypass usage limits or access controls, or (f) use the service in violation of any applicable law (including export controls and sanctions).

Sign-up. Account creation is handled by Clerk via email or OAuth. You are responsible for keeping your credentials secure. You are responsible for all activity on your account.

One human per account.Accounts are for individual people. Sharing one account across a team isn’t supported on the current plans. Team plans with seat management are on the roadmap; email us if you need one before they ship.

Termination. You can close your account any time (see section 07 for the deletion path). We can suspend or terminate accounts that violate these terms, with notice where reasonable.

Verdict offers a free tier and several paid tiers. All pricing is in USD. Current plans:

• Free. 1 memo lifetime (5 memos if your account is whitelisted by us during a launch campaign).
• Solo. $35/month. Recurring monthly subscription billed via Stripe.
• Pro. $150/month. Recurring monthly subscription billed via Stripe.
• Single Memo. $20 one-time. Grants one memo and 30 days of access to read or export it.
• Fundraise Pass. $99 one-time. Grants founder-tier access for 90 days.
• Warm Pipeline. $0. A complimentary tier granted at our discretion to specific accounts.

We may add, change, or retire plans. If we change the price of a recurring plan you’re on, you’ll get at least 30 days’ email notice before the new price takes effect on your next billing cycle. Live pricing is always at /pricing.

Billing. Stripe handles all payments. We never see or store your card number. Stripe stores a tokenized payment method linked to your Verdict customer ID.

Auto-renewal. Solo and Pro subscriptions auto-renew monthly until cancelled. Single Memo and Fundraise Pass are one-time purchases and do not auto-renew.

Cancellation. Cancel any time from the Stripe billing portal linked at /settings/billing, or by emailing lishaorui82@gmail.com. Cancellation takes effect at the end of the current paid period. You keep access through the period you’ve paid for.

Failed payments. If a renewal payment fails, Stripe will retry per its standard dunning schedule. If retries fail, the subscription pauses and paid features become unavailable until you update the payment method.

We handle refund requests case-by-case. As a default policy: if you’re inside the first 30 days on a paid tier and the product didn’t do what you expected, email lishaorui82@gmail.com and we’ll refund the most recent charge. After 30 days we don’t typically refund prior charges, but we’ll talk through any specific situation.

One-time purchases (Single Memo, Fundraise Pass) are non-refundable once a memo has been generated against the entitlement. Before generation, the 30-day refund window above applies.

We do not pro-rate refunds for partial months on Solo or Pro.

You keep your inputs. Pitch decks, business plans, fund profile, portfolio data, and any other content you upload to Verdict remain your property. You grant Verdict a limited license to process that content for the purpose of operating the service (running it through the analyst chain, storing it per the DPA retention policy, displaying it back to you).

You get a license to the memos.The memos generated by Verdict are a derivative product of the service. We grant you a perpetual, worldwide, non-exclusive license to use, share, export, and adapt the memos generated under your account, for both internal and external purposes (sharing with LPs, partners, founders, advisors). You don’t need to credit Verdict, though we appreciate it.

What Verdict can do with Verdict output. We may retain anonymized, aggregated metrics about Verdict (latency, cost, error rates, structural coverage) to operate and improve the service. We do not train AI models on your content. The no-training commitment is covered in detail in the DPA.

Trademarks.“Verdict,” the Verdict wordmark, and the editorial design system are ours. You don’t get a trademark license under these terms. You can reference Verdict by name when describing how a memo was produced.

Account deletion. You can delete your account and all associated content by emailing lishaorui82@gmail.com or by triggering the deletion flow at /api/account/delete. Retention and deletion mechanics live in the DPA.

Don’t upload content that is illegal, infringing, defamatory, or that contains malware. Don’t use Verdict to generate material targeting a specific person in a harassing or deceptive way. Don’t attempt to extract another user’s data, probe for vulnerabilities outside of a coordinated disclosure channel (email us first), or run automated load against the service.

If you discover a security issue, please email lishaorui82@gmail.com with the subject line above. We’ll respond and won’t pursue legal action against good-faith researchers who follow standard responsible-disclosure norms.

AI output is not investment advice. The memos Verdict generates are produced by AI models analyzing the inputs you provide. They can contain errors, omissions, hallucinated facts, or mis-calibrations. Treat the memo as a fast first draft, not a final diligence document.

No fiduciary or advisory relationship. Verdict is software. We are not your investment advisor, legal counsel, tax advisor, or fiduciary. Decisions you make based on a Verdict memo are your own. Apply your own judgment and (where appropriate) your own counsel before acting.

Sources and citations.Where the memo cites public sources, those citations are generated by the model from real searches but should still be verified before quoting in a downstream document. We’re working to improve citation precision over time; the underlying responsibility for verification is yours.

As-is.Verdict is provided on an “as-is” and “as-available” basis. We disclaim, to the maximum extent permitted by law, all implied warranties including merchantability, fitness for a particular purpose, and non-infringement.

To the maximum extent permitted by law, Verdict and its officers, contractors, and affiliates will not be liable for any indirect, incidental, special, consequential, exemplary, or punitive damages, including lost profits, lost opportunity, lost data, or reputational harm, arising out of or related to your use of the service, even if we’ve been advised of the possibility.

Our total aggregate liability for any claim arising out of or related to these terms or the service is capped at the greater of (a) the fees you paid Verdict in the 12 months preceding the event giving rise to the claim, or (b) one hundred US dollars ($100). This cap applies in the aggregate across all claims.

Some jurisdictions don’t allow the exclusion of certain warranties or liabilities. In those jurisdictions, the exclusions above apply to the maximum extent permitted by law.

You agree to indemnify and hold Verdict harmless from claims, damages, and expenses (including reasonable attorneys’ fees) arising out of: (a) content you upload that infringes a third party’s rights, (b) your breach of these terms, or (c) your use of the service in violation of applicable law.

This indemnity does not apply to claims arising solely from Verdict’s gross negligence or willful misconduct.

We may update these terms as the product evolves. For material changes (pricing structure, liability cap, governing law, IP allocation, new data uses) we’ll email registered users at least 30 days before the change takes effect, and we’ll bump the version + Last updated date on this page. Continued use after the effective date counts as acceptance of the new terms. If you don’t accept them, close your account before the effective date.

These terms are governed by the laws of the Commonwealth of Pennsylvania, without regard to conflict of laws principles. Any dispute arising out of or related to these terms or the service will be resolved exclusively in the state or federal courts located in Pennsylvania. You and Verdict each consent to personal jurisdiction and venue there.

Before filing anything formal, please email lishaorui82@gmail.com. Most disputes can be resolved by a conversation, and we’ll always try that first.

Entire agreement. These terms, together with the Privacy Policy and the DPA, are the entire agreement between you and Verdict regarding the service.

Severability. If any provision is held unenforceable, the rest of the terms remain in effect and the unenforceable provision is reformed to the minimum extent necessary.

No waiver. Our failure to enforce a right is not a waiver of that right.

Assignment.You can’t assign these terms without our written consent. We may assign them in connection with a merger, acquisition, or sale of substantially all of our assets.

Force majeure. Neither party is liable for delays caused by events outside reasonable control (natural disaster, war, infrastructure outage, government action).

Contact. lishaorui82@gmail.com.