Terms of Use
Effective Date: February 2, 2026
User Agreement
Welcome to the Sierra Ventures Management III, LLC (“Sierra Ventures”, “we”, “us” or “our”) website
(“Website”). This User Agreement governs your access to and use of the public-facing Website and does
not apply to any other platform, investor portal, or service we may offer, which are governed by
separate agreements. By accessing the Website, you agree to comply with this binding user agreement
(“User Agreement”) between you and Sierra Ventures. If you do not accept the terms and conditions of
this User Agreement, do not use the Website. Your use of the Website indicates your full acceptance of
this User Agreement in its then-current form each time you use the Website. Sierra Ventures reserves
the right to change the terms and conditions at any time. If we change this User Agreement, we will give
you notice by posting the revised User Agreement on the Website. The changes will go into effect on the
effective date shown in the revised User Agreement. If you do not agree with the changes in the User
Agreement, your sole remedy is to discontinue the use of the Website. By continuing to use the Website
after the new effective date, you agree to be bound by such changes.
The information that we provide is for your information only. Some information provided may not be
current, or may have changed since the last time you viewed or downloaded it. All information is
subject to change without notice. We do not in any way represent or warrant the accuracy or reliability
of any information provided, and all information is provided subject to the disclaimers and limitations of
liability set forth below.
No General Solicitation or General Advertising of Security Interests
The material contained in the Website is intended only for financially sophisticated investors and is for
their private use. The material contained in the Website does not constitute any offer or sale or any
form of general solicitation or general advertising of interests in Sierra Ventures private investment
funds. Such private investment funds rely on private placement exemptions to registration under the
Securities Act of 1933 (or the securities laws of any states) and have not been registered as investment
companies under the Investment Company Act of 1940. In addition, neither Sierra Ventures nor any
affiliate thereof is registered with the United States Securities and Exchange Commission as an
investment adviser under the Investment Advisers Act of 1940.
Informational Purposes Only
Nothing on the Website is an offer or solicitation to buy or sell any security, and Sierra Ventures is not
soliciting any action based on the Website. Nothing on the Website is a recommendation that you
purchase, sell or hold any security, or that you pursue any investment style or strategy. Nothing on the
Website is intended to be, and you should not consider anything on the Website to be, investment,
accounting, tax or legal advice. The past performance of any investment, investment strategy or
investment style is not necessarily indicative of future performance.
Ownership and Proprietary Rights to Content
The Website is owned and operated by Sierra Ventures. Any claims or concerns regarding the Website
should be addressed to: Sierra Ventures Management III, LLC, 1400 Fashion Island Blvd., Suite 1010, San
Mateo, CA 94404; phone (650) 854-1000; or email info@sierraventures.com.
You acknowledge and agree that the Website contains information, data, software, photographs,
graphics, text, images, logos, icons, typefaces, audio and video material, and/or other material
protected by copyrights, trademarks, or other proprietary rights, and that these rights are valid and
protected in all forms, media, and technologies existing now or hereinafter developed. The content of the Website is the property of Sierra Ventures or that of our suppliers or licensors and is protected by
U.S. and international copyright laws. You may not modify, remove, delete, augment, add to, publish,
transmit, participate in the transfer of, license, sell, create derivative works from, or in any way exploit
any of the content, in whole or in part. You may not upload, post, reproduce, perform, or distribute in
any way any content without obtaining permission of the owner of the copyright, trademark or other
proprietary right.
Trademarks
Sierra Ventures Management, Sierra Ventures, and its logos are trademarks of Sierra Ventures. They
may not be used or displayed without Sierra Ventures’ prior written consent. All other trademarks,
product names and company names and logos appearing on the Website are the property of their
respective owners, and may be used only with the permission of the particular owner.
Password-Protected Areas of Website
Access to certain areas of the Website is reserved for investors in Sierra Ventures private investment
vehicles who have been provided a password. If you have been provided a password, use of that
portion of the Website is governed additionally by the confidentiality provisions in the offering
documents of the particular fund or funds in which you are an investor.
Online Privacy
Sierra Ventures does not collect any personally identifiable information about visitors to the publicly
available areas of the Website, including names, addresses, phone numbers or social security numbers.
Sierra Ventures may collect and store any personal information that you knowingly provide to us. We
do not disseminate the non-public personal information of our investors to any third parties unless in
the furtherance of servicing their accounts or as required by law or regulation as described in our
privacy policy.
Disclaimers
You expressly understand and agree that:
(a) Your use of the Website is at your sole risk. The Website is provided on an “as is” and “as available”
basis. To the fullest extent permissible pursuant to applicable law, we expressly disclaim all warranties
of any kind, whether express or implied, including, but not limited to the implied warranties of
merchantability, fitness for a particular purpose, and non-infringement.
(b) We do not warrant or represent that (i) the Website will meet your requirements, (ii) the Website
will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of
the Website will be accurate or reliable, (iv) the quality of any services, or information, or other material
obtained by you through the Website will meet your expectations, (v) the server that makes the Website
available is free of viruses or other harmful components; or (vi) any errors in any software or in the
Website will be corrected.
(c) Any material downloaded or otherwise obtained through the use of the Website is done at your own
discretion and risk and you will be solely responsible for any loss or damage incurred, including, without
limitation, damage to your computer system or loss of data that results from the download of any such
material. You (and not us or any of our affiliated entities or any of our or their respective licensors or
suppliers) assume the entire cost of all necessary servicing, repair or correction to restore your system.
(d) No advice or information, whether oral or written, obtained by you from us or through or from the
Website shall create any warranty not expressly stated in this User Agreement.
Applicable law may not allow the exclusion of implied warranties, so the above exclusion may not apply
to you.
Limitation of Liability
TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN NO EVENT SHALL SIERRA VENTURES, ITS
AFFILIATES, OR THEIR RESPECTIVE SUPPLIERS BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL,
SPECIAL, OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, USE, DATA OR OTHER INTANGIBLES, ARISING OUT OF OR IN CONNECTION WITH YOUR USE OF OR INABILITY TO USE THE WEBSITE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED HEREIN, OUR TOTAL AGGREGATE LIABILITY TO YOU FOR ANY AND ALL CLAIMS ARISING FROM THE USE OF THE WEBSITE IS LIMITED TO ONE HUNDRED US DOLLARS ($100.00).
Because some states do not allow the exclusion or limitation of liability for consequential or incidental
damages, in such states liability is limited to the fullest extent permitted by law.
If you are dissatisfied with any portion of the Website or service you receive through it, or with any
portion of this User Agreement, your sole and exclusive remedy is to discontinue using the Website.
Governing Law; Dispute Resolution
This User Agreement is governed by the laws of the State of California, without regard to conflict of law
principles. Any dispute, claim, or controversy arising out of or relating to this User Agreement or the
breach, termination, enforcement, interpretation, or validity thereof, shall be determined by binding
arbitration in San Mateo County, California. The arbitration shall be administered by JAMS pursuant to
its Comprehensive Arbitration Rules and Procedures. The parties expressly waive their right to a jury
trial. Judgment on the award may be entered in any court having jurisdiction. This clause shall not
preclude parties from seeking provisional remedies in aid of arbitration from a court of appropriate
jurisdiction. This arbitration provision shall not apply to claims of infringement or misappropriation of
intellectual property rights, which may be brought in the state or federal courts located in the Northern
District of California.
You agree that any claim or dispute you may have against us must be resolved on an individual basis
and that you may not bring a claim as a plaintiff or a class member in a class, consolidated, or
representative action. You waive any right to a trial by jury or to participate in a class action.
International Use
We make no representation that materials on the Website are appropriate or available for use in
locations outside the United States, and accessing them from territories where their contents are illegal
is prohibited. Those who choose to access the Website from other locations do so on their own
initiative and are responsible for compliance with local laws.
Other Third-Party Websites
The Website may contain links to websites controlled and maintained by third parties. We do not have
any control over the content of these websites, and we assume no liability or responsibility for such
sites, the content contained in them, or the manner in which any information collected on such sites is
used.
Termination
We may terminate your access, or suspend any user’s access to all or part of the Website, without
notice, for any conduct that we, in our sole discretion, believe is in violation of any applicable law or is
harmful to the interests of another user, a third-party provider, a service provider, or us.
Prohibited Uses
You agree not to use the Website for any unlawful purpose or any purpose prohibited by this User
Agreement. You agree not to: (a) use any automated system, including without limitation “robots,”
“spiders,” or “offline readers,” to access the Website in a manner that sends more request messages to
our servers than a human can reasonably produce in the same period by using a conventional web
browser, provided that public search engines may use spiders to copy materials from the Website for
the sole purpose of creating publicly available searchable indices of the materials, but not caches or
archives of such materials, subject to parameters set forth in our robots.txt file; (b) attempt to gain
unauthorized access to any portion of the Website; (c) introduce any viruses, trojan horses, worms, logic
bombs, or other material that is malicious or technologically harmful; or (d) otherwise attempt to
interfere with the proper working of the Website.
Feedback and Submissions
If you provide us with any feedback, suggestions, or submissions (collectively, “Submissions”), you agree
that such Submissions are non-confidential. You hereby grant Sierra Ventures a perpetual, irrevocable,
worldwide, royalty-free, fully-paid-up license to use, reproduce, modify, distribute, and otherwise
exploit the Submissions for any purpose, without any compensation or attribution to you.
Miscellaneous
If any provision of this User Agreement should be held to be unenforceable or invalid for any reason,
then such provision or portion thereof shall be modified or deleted in such manner as to render this
User Agreement, as modified, legal and enforceable to the maximum extent permitted under applicable
laws. This User Agreement, and any rights and licenses granted hereunder, may not be transferred or
assigned by you, but may be assigned by Sierra Ventures without restriction.