As required by the U.S. Securities and Exchange Commission, this password-protected website may only be accessed by existing clients of Summit Action LLC, and prospective clients of Summit Action LLC who, among other requirements, are qualified as accredited investors or who generally are sophisticated in financial matters such that they are capable of evaluating the merits and risks of prospective investments.
If you have any questions as you navigate this web portal, please feel free to contact our Client Services team at 804-578-4508.
All NON-US INVESTORS agree to reference the applicable disclaimers presented herein.
PERSONAL AND NON-COMMERCIAL USE LIMITATION
You are prohibited from using the Website to advertise or perform any commercial solicitation. You also are prohibited from using any robot, spider, scraper or other automated means to access the Website for any purpose without the prior written permission of the Company. You may not take any action that imposes, or may impose, in our sole discretion, an unreasonable or disproportionately large load on our infrastructure, interfere or attempt to interfere with the proper working of the Website or any activities conducted on the Website, or bypass any measures that we may use to prevent or restrict access to the Website. Any rights not expressly granted herein are reserved.
NO SECURITIES OFFERING OR INVESTMENT ADVICE
SUMMIT ACTION LLC operates under an exemption from registration as a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended. The material contained in this web site is intended to present a general summary of the Company’ venture capital investments and is not soliciting any action based upon it.
The information on the Website is intended to enable investors to understand the nature of the Company’s financial advisory services. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any securities to any person or a solicitation of any person of any offer to purchase any securities. The information in the Website should not be construed as the Company's endorsement, recommendation or sponsorship of any company or security. There are inherent risks in relying on, using or retrieving any information found on the Website, and the Company urges you to make sure that you understand these risks before relying on, using or retrieving any information on the Website. You should evaluate the information made available through the Website, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information. The Company's services are designed to integrate with the services provided by its clients' other financial, legal and tax advisers, not to replace their services.
You acknowledge that any of your requests for information are unsolicited and any information shall neither constitute nor be construed as investment advice from the Company to you or to form an investment advisory relationship, or any other client relationship between you and the Company or any of its affiliates or employees. The Company strongly recommends that you seek outside advice from a qualified securities professional. The Company does not guarantee the suitability or potential value of any particular investment or information source. The Company (including principals, affiliates and entities related to them) may invest or otherwise hold an interest in Company or securities that may be discussed on the Website. Further, products advised by the Company contain substantial capital that is directly or indirectly from proprietary sources.
Information on the Website is not to be construed as an offer to sell or the solicitation of an offer to buy any security. Any such offer or solicitation can only be made by means of the delivery of a Confidential Memorandum, which contains a description of the significant risks involved in such an investment. All figures are estimated and unaudited unless otherwise noted and are shown net of all expenses, management fees and estimated incentive allocations/carried interest. All figures reflect the reinvestment of dividends and other earnings, where applicable. Actual returns may differ from the reported results due to differences in contribution dates, fee structures and new issue eligibility. All portfolio companies shown are those held in products managed by the Company since inception which have total investment over $300,000; other portfolio companies held in such products not meeting this criteria are not displayed. All investments past and present are available on request.
Notwithstanding the foregoing, please note the following with respect to products managed by the Company: Investments in any product are meant for sophisticated investors and involve a high degree of risk. Investors can lose all or a substantial portion of their investment. Investment returns may be volatile. Investments in may not be diversified and will be highly illiquid. Products have substantial fees and expenses which may offset profits. Investments are subject to significant restrictions on transfers. There is no secondary market for interests in any product managed by the Company and none is expected to develop. Any use of leverage could exacerbate losses.
PAST PERFORMANCE IS NOT COMPARABLE
If applicable, performance data presented on the Website reflect net figures, including the deduction of expenses, management fees and carried interest/ incentive fees and allocations.
The Company believes that investments shown on the Website were generated with an investment philosophy and methodology similar to that described in the funds' respective Confidential Private Offering Memoranda and that the Company would expect to use in the future. Future investments, however, will be made under different economic conditions and in different securities and may be made using different investment strategies than were used during the times discussed herein. Furthermore, any performance or investments discussed herein reflects a limited investment period during specific economic or market cycles that could vary markedly in the future. One should not assume that any product that the Company advises will experience returns, if any, comparable to those described herein, if applicable. Past performance does not indicate future returns. The performance results have not necessarily been compiled, reviewed or audited by an independent accountant. Results are based on the internal books and records of the Company and are subject to adjustment when that fund's financial statements for the current year are audited.
As a condition to your use of the Website, you represent and warrant to, and agree with, the Company that, all of the information that you provide shall be truthful, accurate and complete.
DISCLAIMERS AND LIMITATION OF LIABILITY
THE INFORMATION, SOFTWARE AND SERVICES PUBLISHED ON THIS WEBSITE MAY INCLUDE INACCURACIES OR TYPOGRAPHICAL ERRORS. DUE TO VARIOUS FACTORS, INCLUDING THE INHERENT POSSIBILITY OF HUMAN AND MECHANICAL ERROR, THE ACCURACY, COMPLETENESS, TIMELINESS AND CORRECT SEQUENCING OF SUCH INFORMATION, SOFTWARE AND SERVICES AND THE RESULTS OBTAINED FROM THEIR USE ARE NOT GUARANTEED BY THE COMPANY OR ANY PERSONS CREATING OR TRANSMITTING SUCH INFORMATION, SOFTWARE AND SERVICES.
THE COMPANY AND/OR ITS RESPECTIVE SUPPLIERS MAY MAKE IMPROVEMENTS AND/OR CHANGES IN THE CONTENT AND OPERATION OF THE WEBSITE AT ANY TIME WITHOUT NOTICE. THE WEBSITE MAY BE TEMPORARILY UNAVAILABLE FROM TIME TO TIME DUE TO REQUIRED MAINTENANCE, TELECOMMUNICATIONS INTERRUPTIONS OR OTHER REASONS.
THE COMPANY AND/OR ITS SUPPLIERS MAKE NO REPRESENTATIONS ABOUT THE SUITABILITY OF THE INFORMATION, SOFTWARE, PRODUCTS AND SERVICES CONTAINED ON THIS WEBSITE FOR ANY PURPOSE. ALL SUCH INFORMATION, SOFTWARE, PRODUCTS AND SERVICES ARE PROVIDED "AS IS" WITHOUT WARRANTY OF ANY KIND. THE COMPANY AND/OR ITS RESPECTIVE SUPPLIERS HEREBY DISCLAIM ALL WARRANTIES AND CONDITIONS WITH REGARD TO THIS INFORMATION, SOFTWARE, PRODUCTS AND SERVICES, INCLUDING ALL IMPLIED WARRANTIES AND CONDITIONS OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT AND AVAILABILITY. BECAUSE SOME STATES/JURISDICTIONS DO NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.
OWNERSHIP OF CONTENT
While the Company uses reasonable efforts to update the information on this Website, the Company makes no representations or warranties as to the accuracy, reliability or completeness of any information at this Website. Any contents contained in this Website are subject to change without notice.
MATERIAL TO BE CONSULTED IN ITS ENTIRETY
All materials in this Website are meant to be reviewed in their entirety, including any footnotes, legal disclaimers, restrictions or disclosures, and any copyright or proprietary notices. Any disclaimers, restrictions, disclosures or hedge clauses apply to any partial document or material in the same manner as they do to the whole, and will be deemed incorporated in the portion of any material or document that you consult or download.
NO UNLAWFUL OR PROHIBITED USE
REFERENCES TO PUBLICATIONS AND OTHER COMPANY
References to any publication or any other company in the Website are for reference and informational purposes only and are not intended to suggest that any of such Company endorse, recommend or approve of the services, analysis or recommendations of the Company or that the Company endorse, recommends or approves the services or products of such Company. Links to outside commentary, if application, reflect only the author's opinion and not necessarily that of the Company.
LINKS TO THIRD PARTY WEBSITES
The Website may contain hyperlinks to websites operated by parties other than the Company, which the Company may not have been screened or reviewed and which may contain inaccurate, inappropriate or offensive material, products or services. The Company does not control such websites, and they assume no responsibility or liability regarding the accuracy, reliability, legality or decency of such third-party websites, content, products or services. Such hyperlinks are provided for your convenience only. The Company’s inclusion of hyperlinks to such websites does not imply any endorsement of the material on such websites or any association with their operators.
MODIFICATION AND MONITORING OF WEBSITE
TERMINATION AND CANCELLATION
The Company may modify or terminate the Website and terminate user access to the Website, without notice at any time and for any reason.
JURISDICTIONAL ISSUES AND APPLICABLE LAW
Unless otherwise specified, the Company controls and operates the Website from the Commonwealth of Virginia, United States of America.
The Company does not claim that materials in the Website are appropriate or available for use in locations other than Virginia. If you choose to access the Website from other locations, you do so on your own initiative, and you are responsible for compliance with any applicable local laws.
Software from the Website is further subject to United States export controls. Software from the Website may not be downloaded or otherwise exported or reexported outside the United States. By downloading or using such software, you represent and warrant that you are not located in, under the control of, or a national or resident of any country or territory outside of the United States.
All users agree to be bound by any agreement or consent it transmits to or through the Website via any media or electronic device, including internet, telephone and wireless devices.