Venture Terms

These terms outline the commitments and expectations for ventures participating in Advisory5. By applying to Advisory5, you agree to these terms.

1. Participation

Advisory5 provides a platform for connecting early-stage health tech ventures with experienced advisors. Participation is free for ventures, but requires commitment to the program structure.

2. Venture Commitments

As a participating venture, you commit to:

• Attending monthly advisory board meetings (typically 1-2 hours)
• Maintaining responsive communication with advisors between meetings
• Providing quarterly progress updates to Advisory5
• Being transparent about challenges and opportunities with your advisors
• Treating advisor time as valuable and preparing for meetings accordingly

3. Advisory Relationship

Advisors are matched based on expertise and venture needs. The relationship is advisory in nature— advisors provide guidance and insights but do not make decisions for the venture. Founders retain full control and responsibility for their companies.

4. Confidentiality

Both ventures and advisors agree to maintain confidentiality of sensitive business information shared during advisory sessions. Specific NDAs may be arranged separately between ventures and individual advisors if needed.

5. Compensation

Advisory5 advisors volunteer their time. No equity, cash compensation, or other consideration is implied by participation in Advisory5. Any separate advisory agreements or compensation arrangements between ventures and individual advisors are outside the scope of Advisory5.

6. Directory Listing

Participating ventures will be listed in the Advisory5 public directory. Basic company information (name, one-liner, sector, stage, location) will be publicly visible. You may request removal from the directory at any time.

7. Termination

Either party may end participation in Advisory5 at any time with reasonable notice to advisors and Advisory5 administration. We encourage giving at least 30 days notice when possible.

8. Limitation of Liability

Advisory5 provides a platform for connection and does not guarantee any specific outcomes. Ventures are solely responsible for their business decisions. Advisory5 and its advisors are not liable for business outcomes resulting from participation.

9. Modifications

These terms may be updated from time to time. Participating ventures will be notified of significant changes.