StepStone Angels is not a venture fund, an investment bank, a broker dealer, investment clearing-house, or an investment advisor, but rather a forum in which investors may be educated on aspects of investment and business, as well as introduced to companies for possible investment.

StepStone Angels is not registered with the Securities Exchange Commission or any state securities commission. Each member of StepStone Angels is responsible for his or her own investment decisions, and StepStone Angels is not recommending any particular company for investment. All investments in entrepreneurial companies involve a high degree of risk, and investors should be able to bear the risk of complete financial loss. The choice to use and manner of utilization of information and knowledge gained through StepStone is each member’s individual and personal choice. No guidance shall be given, nor shall any person affiliated with StepStone Angels (or StepStone Angels itself) be responsible for an individual member’s use of the information, investment decision, or the results of any investment.

StepStone Angels does not conduct any investigation to verify the factual information submitted to potential investors by individual entrepreneurs. Hence, StepStone Angels makes no representations or warranties regarding these companies. Investors must conduct their own due diligence and negotiate the terms of any investment they elect to make.