PitchBook for Startups: program terms

These terms govern your company’s participation in PitchBook for Startups (the “Program”), which PitchBook Data, Inc. (“PitchBook”) offers to eligible early-stage companies.
In short: PitchBook will give your company free access to the PitchBook platform for recurring three-month periods if (A) your company has not raised capital from an institutional investor, (B) your company sends PitchBook updated company information every quarter, and (C) your company meets the other eligibility criteria in Section 2 below.

1. Accepting these terms

By submitting your information for this Program, you agree to all of the following:
(a) these Program terms;
(b) PitchBook’s Content License Agreement, which governs your use of the PitchBook platform and its content; and
(c) PitchBook’s Privacy Policy.
If these Program terms conflict with the Content License Agreement, these Program terms control for the Program. The Content License Agreement otherwise applies in full to your use of the PitchBook platform.
Checking the box and submitting the form is your electronic signature. You must have authority to bind your company.

2. Who is eligible

Your company may join the Program only if, on the date you accept these terms:
(a) your company has not raised capital from an institutional investor (a venture capital, corporate venture capital, private equity, or institutional seed fund). Funding from founders, friends and family, angel investors, grants, and accelerators is not institutional capital;
(b) neither the company nor any founder named in your application has held a paid PitchBook contract in the past 12 months;
(c) PitchBook can verify the company and its founders through their work email addresses, website, and LinkedIn profiles;
(d) you provide accurate data as detailed in Section 4, below; and
(e) you have given PitchBook a link to a working demo, prototype, or product mockup.
The Program is open to companies worldwide, subject to applicable law, including sanctions and export controls.
PitchBook decides whether your company is eligible, based on the information you provide and its own verification. Applying does not guarantee access. PitchBook may decline an application, or end access later, if the company does not meet these conditions.

3. What you receive

If PitchBook accepts your company, it provides free access to the PitchBook platform for three months, starting on the date PitchBook sets up your access. Your access will renew for subsequent three-month periods if your company remains eligible under Section 2 and complies with these terms. The access has these features and limits:
(a) 2 seats, one for each of 2 founders that your company chooses. A seat belongs to one named person, and you must not share login credentials.
(b) A modified version of the platform. It does not include credit features, news, ratings, alerts, consensus estimates, or third-party equity research.
(c) Downloads of up to 10 lines of data per day and 25 lines per month.
(d) Access to PitchBook’s MCP Select Connector, limited to 75 tool calls per hour and 150 tool calls per day.
(e) Access to PitchBook Support, the Help Center, and Pioneer.
PitchBook does not provide custom analysis or a dedicated account team to Program participants. The features and limits in this section describe the Program as PitchBook currently offers it, and PitchBook may change them by giving you 30 days’ notice, but only if it makes the same change for all Program participants. In general, the Program is intended to give your company 2 seats to the core PitchBook platform experience.
The Content License Agreement’s use restrictions apply to everything you access through the Program.

4. What you provide each quarter

In exchange for free access, you must give PitchBook accurate and current information about your company and its founders. “Submitted Information” means all information that you, your founders, or anyone acting for your company gives PitchBook through the Program, including in your application. You must:
(a) complete every required field on each form PitchBook sends you, entering “N/A” or “0" where a field does not apply;
(b) submit an update every quarter, by the date in PitchBook’s request; and
(c) tell PitchBook within 30 days after your company closes a new funding round.
Submitted Information may include, among other things: employee count, annual revenue, margin, burn rate, cash balance, customer count, active users, customer acquisition cost, net renewal rate, churn rate, average contract value, lifetime value, capital raised, investors, and the employment history of up to 3 founders.
You promise that:
(a) Submitted Information is accurate and complete to the best of your knowledge, and you will correct anything that becomes inaccurate;
(b) you have the right to give PitchBook the Submitted Information and to let PitchBook use it as these terms describe; and
(c) the Submitted Information does not include anything that you must keep confidential for someone else, such as terms an investor or customer has asked you not to disclose.

5. What happens if you miss an update

If a quarterly update is late, PitchBook must send you a reminder 1 week and 2 weeks after the due date. If you still have not submitted the update 3 weeks after the due date, PitchBook may suspend your access.
PitchBook may restore your access after you submit a complete update. A suspension does not extend your current three-month access period. If an update remains overdue for 30 days, PitchBook may end your participation in the Program, and you will lose access to the PitchBook platform under this Program.

6. How PitchBook uses your information

Subject to Section 8 of these terms, you grant PitchBook a worldwide, perpetual, irrevocable, non-exclusive, royalty-free, transferable license to use, modify, sell, license, and otherwise exploit Submitted Information in any way and for any purpose. PitchBook owns anything it creates from Submitted Information. This license survives the end of your participation and of the Program.
PitchBook does not have to use, display, or verify any Submitted Information. It may edit, label, or remove Submitted Information at any time, and it owes you no duty of confidentiality for it.
PitchBook is not a broker-dealer, investment adviser, or funding portal. It does not offer, sell, or solicit securities for you, and it does not recommend your company to anyone. PitchBook is not responsible for any communication or transaction between you and anyone who sees Submitted Information. You are solely responsible for complying with securities laws in connection with Submitted Information, including any rules on general solicitation.

7. Term, renewal, and ending

Term and renewal. Your free access runs in three-month periods, as Section 3 describes. Each period renews only if your company remains eligible, and PitchBook will re-test eligibility under section 2 at each renewal and each time your company raises a funding round.
Moving to a paid plan. If your company no longer meets the funding condition in section 2(a), you must tell PitchBook within 30 days. PitchBook may then end free access, or move your company to a paid plan, on 30 days’ notice.
Ending by you. You may end your participation at any time by writing to PitchBook at [email protected].
Ending by PitchBook. PitchBook may suspend or end your participation immediately if:
(a) your company is no longer eligible;
(b) you give inaccurate Submitted Information or otherwise breach these terms; or
(c) you breach the Content License Agreement.
PitchBook may also end the Program. If it does, it must give you at least 30 days’ notice, and your access continues until the notice period ends.
PitchBook may also end your participation at any time, for any reason or no reason, by giving you notice.
When your participation ends, your access to the PitchBook platform stops. Sections 4 (promises), 6, 8, and 9 continue after that.

8. Privacy

PitchBook handles personal data collected through the Program, including the names, email addresses, and LinkedIn profiles of founders and co-founders, as described in its Privacy Policy. The Privacy Policy also explains the rights people have over their personal data and how to exercise them.
If you give PitchBook personal data about a co-founder or anyone else, you must have the right to do so, and you must give that person a link to the Privacy Policy before you submit their details.

9. Disclaimers and general terms

Disclaimers and liability. The Content License Agreement’s disclaimers and limits of liability apply to the Program. Because you pay no fee, PitchBook’s total liability for all claims relating to the Program will not exceed $100.00. Nothing in these terms limits liability that the law does not allow PitchBook to limit.
Your responsibility for Submitted Information. You will defend and indemnify PitchBook and its affiliates from all third-party claims arising out of or relating to (a) your breach of your promises in Section 4 or your obligations in Section 8, or (b) any claim that Submitted Information, or PitchBook’s use of it as these terms permit, violates a third party’s rights.
Publicity. PitchBook may identify your company as a Program participant and use your company’s name and logo for that purpose in any medium, including on its website and in marketing materials.
Changes. PitchBook may update these Program terms by giving you at least 30 days’ notice by email. If you do not agree to an update, you may end your participation under section 7.
Notices. PitchBook may give you notice at the email address you provided in your application. You may give PitchBook notice at [email protected].
Governing law and disputes. The governing law, venue, and dispute provisions of the Content License Agreement apply to these Program terms.
Entire agreement. These Program terms, the Content License Agreement, and the Privacy Policy are the entire agreement between you and PitchBook about the Program. You may not assign your rights under these terms without PitchBook’s written consent. If a court finds a provision unenforceable, the rest of these terms remain in effect.