Terms of Service

The website https://www.letsplaymoney.com/, and webapp app.letsplaymoney.com, collectively the (“Application”) is owned and operated by Play Money Studios, Inc. (“Play Money,” “we,” “our,” or “us”). The Application provides a platform that provides accredited investors the ability to learn about and invest in early-stage companies (the “Services”). 

These Terms of Use (as amended from time to time, “Terms”) constitute a binding agreement between you and Play Money. Please read carefully through all sections of these Terms. Your registration with the Application or your access to and use of the Application is subject to these Terms and all applicable laws.Play Money reserves the right to terminate your access to the Application if you violate these Terms. If you do not agree to these Terms, then you may not use the Application. These Terms may be changed by us from time to time without notice to you and the governing version will be posted on the Application. Please review the posted terms on a regular basis as your use of the Application will be governed by the then-current Terms. 

1. Your Account

You will be required to register for an account (“User Account”) in order to access and use the Application. You will choose, or be provided with, a username and password for your User Account. You are responsible for keeping your username and password confidential. You are responsible for all activities (whether by you or others) that occur under your User Account. You agree to notify us immediately of any unauthorized access or use of your User Account. Play Money cannot and will not be liable for any loss or damage sustained, directly or indirectly by you, arising from your failure to protect your User Account information or any other unauthorized access.

By registering for an account, you represent and warrant that any information submitted to us in connection with such registration  is true and accurate in all respects.. You agree not to submit false information or omit any information that would be misleading if omitted when registering a User  Account or accessing the Services.

Play Money has the right to disable any username, password, or other identifier in respect of your User Account , whether chosen by you or provided by us, at any time in our sole discretion for any reason, including if, in our opinion, you have violated any provision of these Terms. 

2. Authorized User Requirements

In order to register for an account and use the Application, you must satisfy each of these requirements (collectively, the “Investor Requirements”).

  • You are an Accredited Investor (as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended).

  • You are not disqualified from participating in the investment as a bad actor under Rule 506(d) under the Securities Act. 

  • You are an individual (no entities, trusts, etc.). 

  • You are a U.S. citizen that resides in the United States and is a taxpayer in the United States.

  • You are 21 years of age or older.

Each time you access and use the Application, you represent and warrant that you meet the Investor Requirements.  If you do not meet all of the Investor Requirements above, then you may not register with, use or continue to use the Application.

3. Terms Governing Particular Investments

The Application will display available investment opportunities.  You may select the opportunities you would like to invest in using the Application.  Play Money will facilitate your investment using a SPV (defined below).

In order to have access to and participate in specific investments on the Application (“Investments”) through Special Purchase Vehicles (SPVs),.  you will be required to enter into separate agreements with individual SPVs which will set forth the particular terms and conditions governing that particular Investment. You are responsible for verifying the accuracy of any information that you may be provided through the Application regarding any other users, deals, opportunities, Play Money, the targeted entity or any other information you obtain through your use of the Application and such information is provided to you “as-is.”  You agree and acknowledge that you are responsible for verifying information related to the companies you invest in and that you disclaim any liability and hereby waive all claims against Play Money for providing you such information.

When you confirm an investment, you appoint Play Money as your agent in fact for the purpose of auto-signing the SPV documents on your behalf.  You agree that when you confirm an investment on the Application, you authorize Play Money and its third-party service providers, Plaid and Astra, to transfer the amount you confirmed for your investment from the bank account that you have linked to your investment account through the Application.

Further, you may not use any form of digital  cryptocurrency to invest, and you may only contribute to an investment though an account at a U.S. bank and in U.S. dollars only.  We will perform a “Know your Customer” and/or “Know your Business” review for all users of the Application.  Further, you agree that the Application can share your participation in an investment deal on the Application publicly. 

4. Qualifying as an Accredited Investor. 

In some cases, you may be requested to provide information that establishes your classification as an “Accredited Investor” or similar status under applicable securities laws. You agree that all information or self-attestation you provide to Play Money will be true and correct.

5. Third-Party Service Provider Terms.  

Play Money may employ or contract with other third party partners, companies, or individuals to perform certain functions or services on its behalf. Examples of these services from such third parties, companies, or individuals, may include ID verification, electronic document signing, payment storing and processing, sending postal mail and email, escrow services, disbursement of funds, analyzing data, providing marketing assistance, and providing customer service. As such, these third party partners, companies, or individuals may have access to your information, including Non-Personally Identifiable Information or Personally Identifiable Information, needed to perform their functions or services, and may not use it for other purposes..  By using the Application, you agree to the terms and conditions of these services:

  1. Astra – Identity Verification and Money Transfer Application; https://astrafi.com/terms/ 

  2. Plaid – Identity Verification and Bank Account Linking; https://plaid.com/legal/#end-user-services-agreement-us

In the event that Play Money terminates your User Account or access to the Application, it may result in the termination of your use of and access to any of the services provided by our third-party service providers. Provided, however, the SPV will continue to exist and your investment will not be lost.

6. Confidential Information

All information, content, communications, documents, data and other information that you are provided access to through the non-public portions of the Application are confidential information of Play Money, fund sponsors, other Investors, and other users of the Application. This includes, but is not limited to, (a) information relating to the identification of other users, customers, deal sponsors, investment targets, companies seeking funding, persons and entities relating to any of the foregoing; (b) the terms of any deal, including that a company is seeking financing and other information relating to deals, funds and opportunities, and any information related to the participants or sponsors of such deal; (c) financial, corporate, operational, historical, performance, qualification, valuation, structural, legal, or other diligence information relating to users, customers, deal sponsors, companies, or opportunities, (d) the content of all communications, documents, messages and other content you receive or become aware of through the Application, and (e) compilations, derivatives, summaries, excerpts, analyses, benchmarking, performance, or other information or data derived from any confidential information, regardless of form or format or who, how or where produced. 

You shall protect and safeguard the confidentiality of such confidential information with at least the same degree of care as you would protect your own confidential information, but in no case less than a reasonable degree of care.  You may not use the confidential information, or allow it to be accessed or used, for any purpose other than to use the Application. You shall not disclose any such confidential information to any other person or entity except to other registered users of the Application and only for the purpose of making investments through the Application.

7. Proprietary Rights

You may not use the contents of the Application in any manner or for any purpose that would constitute infringement of Play Money’s, its licensors’, or the Application’s other user’s intellectual property rights. Play Money may provide images on the Application and grants you a limited license to make a copy and use the image solely for your personal or internal business purposes. Except as otherwise provided herein, you may not copy, distribute or publicly display any image for any other purpose or in any other public forum without the written consent of Play Money, including public forums such as other websites, web services, or print publications. Play Money owns all trademarks and service marks appearing on the Application. The unauthorized use or misuse of these trademarks and service marks is prohibited. 

You agree that we may use your name and logo in listings of Play Money customers on the Application and in other public statements or disclosures for the purposes of marketing the Services.

8. Use of Personal Data

You agree to provide any information, including personal information, required by the Application and its service providers to access or provide the Services.  The terms and conditions governing Play Money’s collection and use of your personal information is described in Play Money’s Privacy Policy which can be accessed here.  You agree to keep your account and personal information up-to-date.

9. Payments

By agreeing to these Terms, you authorize Play Money’s third-party payment processor to charge or debit your designated payment method, and to credit any returns on Investments processed through the Application. All fees associated with the payment will be provided on the investment confirmation. Unless otherwise provided herein, all payments are final.  

To the extent that a payment or distribution is made to you or your account due to an error by a Play Money or a service provider, or other error, you agree that we may reverse that payment or distribution only to the extent to correct such error.

10. Your Content

You represent and warrant that you have the right to post any and all information, data, text, music, sound, photographs, graphics, video, messages, goods, products, services, reviews, or other materials you post via our Services (“Content”). You are responsible for all Content that you upload, post, transmit, or otherwise make available via our Services. Play Money does not control the Content you post. 

Play Money does not claim ownership of your Content, but you agree to provide us with your permission to host your Content on our Application and Services and to perform all necessary acts to host your Content. You grant us and our affiliates, and successors a worldwide, non-exclusive, transferable, irrevocable, perpetual, and sub-licensable right to use, reproduce, adapt, modify, publish, prepare derivative works of, publicly perform, distribute, and publicly display your Content for any legal purpose related to the Services.  

11. Content Standards

These content standards apply to any and all Content and use of the Services. Your Content must in its entirety comply with all applicable federal, state, local, and international laws and regulations. Without limiting the foregoing, Content must not:

  • Contain any material that is defamatory, obscene, indecent, abusive, offensive, harassing, violent, hateful, inflammatory, or otherwise objectionable.

  • Promote violence, or discrimination based on race, sex, religion, nationality, disability, sexual orientation, or age.

  • Infringe any patent, trademark, trade secret, copyright, or other intellectual property or other rights of any other person.

  • Violate the legal rights (including the rights of publicity and privacy) of others or contain any material that could give rise to any civil or criminal liability under applicable laws or regulations or that otherwise may be in conflict with these Terms and our Privacy Policy.

  • Be likely to deceive any person.

  • Promote any illegal activity, or advocate, promote, or assist any unlawful act.

  • Cause annoyance, inconvenience, or needless anxiety or be likely to upset, embarrass, alarm, or annoy any other person.

  • Impersonate any person or misrepresent your identity or affiliation with any person or organization. 

  • Involve commercial activities or sales, such as contests, sweepstakes, and other sales promotions, barter, or advertising.

  • Give the impression that they emanate from or are endorsed by us or any other person or entity if this is not the case.

12. Monitoring and Enforcement; Termination 

Play Money will not be liable for your Content or the content of any third party, including but not limited to, any errors or omissions, or any loss or damage of any kind incurred as a result of the use of any Content posted, transmitted, or otherwise made available through our Services. Play Money has the right to:

  • Remove all or any portion of Content for any or no reason in our sole discretion.

  • Take any action with respect to any Content that Play Money deems necessary or appropriate in our sole discretion, including if Play Money believes that such Content violates the Terms, including the Content Standards, infringes any intellectual property right or other right of any person or entity, threatens the personal safety of users of the Services or the public, or could create liability for us.

  • Disclose your identity or other information about you to any third party who claims that material posted by you violates their rights, including their intellectual property rights or their right to privacy.

  • Take appropriate legal action, including referral to law enforcement, for any illegal or unauthorized use of the Services. 

  • Terminate or suspend your access to all or part of the Application for any reason, including any violation of these Terms.

Without limiting the foregoing, Play Money has the right to cooperate fully with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone posting or providing any materials or other information on or through the Application. YOU WAIVE AND HOLD HARMLESS PLAY MONEY AND ITS AFFILIATES, EMPLOYEES, AGENTS, REPRESENTATIVES, LICENSEES, AND SERVICE PROVIDERS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.

However, Play Money cannot review all material before it is posted on the Application or through our Services and cannot ensure prompt removal of objectionable material after it has been posted. Accordingly, Play Money assumes no liability for any action or inaction regarding transmissions, communications, or content provided by any user or third party. Play Money has no liability or responsibility to anyone for performance or nonperformance of the activities described in this section. 

13. Your Communications to the Application and with Play Money

Except to the extent your Content or communications to Play Money includes Personal Information (defined in the Privacy Policy), by forwarding any Content or communications to Play Money through the Application or by other electronic means, you thereby grant Play Money a perpetual, royalty-free, world-wide, irrevocable, non-exclusive license to use, reproduce, modify, adapt, publish, translate, create derivative works from, redistribute, and display such Content and communications in any form for the purposes of providing the Services and any purpose tangentially related to the Services. No compensation will be paid to you with respect to Play Money’s or its sublicensees’ use of your communications. By providing or submitting Content, you represent and warrant that you own or otherwise control all of the rights to your submitted Content and communications as described in this section including, without limitation, all the rights necessary for you to submit the Content and communications and grant the license above.

Visiting the Site, sending us emails, and completing online forms constitute electronic communications. You consent to receive electronic communications and further consent to the E-SIGN Act Consent (Consent for Use of Electronic Records and Signatures) for all Services. You certify, warrant and represent that the email address you have provided to us is your email and not someone else’s.

Further, you consent to receive SMS messages (including text messages), and telephone calls (including prerecorded and artificial voice and autodialed) from us, our agents, representatives, affiliates or anyone calling on our behalf at the specific number(s) you have provided to us, with Services-related information such as alerts, account verification, or questions about your use of the Services. You agree to promptly alert us whenever you stop using a telephone number that you have provided to us. Play Money and our agents, representatives, affiliates and anyone calling on our behalf may use such means of communication described in this Section even if you will incur costs to receive such phone messages, text messages, emails or other means. Standard message and data rates may apply to all SMS messages (including text messages). We may modify or terminate our SMS messaging services from time to time, for any reason, and without notice, including the right to terminate SMS messaging with or without notice, without liability to you.

14. Prohibited Activities and Uses

The following activities are expressly prohibited from the Application: 

  • Engaging in activity that is unauthorized advertisements or promotions, including unauthorized solicitation of other users of the Application.

  • Engaging in any activity through the Application that is intended to deceive, exploit, or defraud Play Money, any other user of the Application, or any other person.

  • Collecting Personal Information of other users of the Application without that user’s consent.

  • Engaging in activity that compromises the Application. Such activity may include, but is not limited to hacking, IP attacks, worms, viruses, spamming, phishing, cancel bots, Trojan horses, mail bombing or crashing, or introducing malware.

  • Engaging in any activity designed to impede the use of the Application by other users, including overloading and flooding.

  • Framing or deep linking into the Application.

  • Accessing the Application by means of automated process, spiders, bots or similar device without Play Money’s consent.

  • Accessing any information or Play Money’s system for which you do not have authorization.

15. Federal and State Laws

The Application is operated from the United States and is intended to be used solely in the United States. When using the Application, on the Application, or when using any content provided by Play Money, you must obey all applicable U.S.-based federal, state, and local laws.

16. Disclaimer of Warranties

The information and materials on the Application are intended for informational purposes only and are not intended to be treated as financial and/or trading advice. 

TO THE FULLEST EXTENT PROVIDED BY LAW AND EXCEPT AS OTHERWISE PROVIDED HEREIN OR ON THE APPLICATION, THE INFORMATION, SERVICES, AND PRODUCTS OFFERED ON OR THROUGH THE APPLICATION AND ANY REFERENCED THIRD-PARTY APPLICATION ARE PROVIDED “AS IS” AND WITHOUT WARRANTIES OF ANY KIND, EITHER EXPRESS OR IMPLIED. ANY THIRD-PARTY GOODS OR SERVICE PROVIDERS ARE SUPPLIED AS A CONVENIENCE TO YOU AND LISTING DOES NOT CONSTITUTE SPONSORSHIP, AFFILIATION, PARTNERSHIP, OR ENDORSEMENT. TO THE FULLEST EXTENT ALLOWED BY LAW, PLAY MONEY DISCLAIMS ALL EXPRESS AND IMPLIED WARRANTIES, INCLUDING BUT NOT LIMITED TO IMPLIED WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT. 

TO THE FULLEST EXTENT ALLOWED BY LAW, PLAY MONEY DOES NOT WARRANT OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF THE USE OF THE APPLICATION, SERVICES, PRODUCTS, OR OTHER POSTED MATERIAL ON THE APPLICATION IN TERMS OF ITS CORRECTNESS, ACCURACY, TIMELINESS, RELIABILITY OR OTHERWISE.

BY PROVIDING THE SERVICES ON THE APPLICATION, PLAY MONEY DOES NOT IN ANY WAY PROMISE THAT THE SERVICES WILL REMAIN AVAILABLE TO YOU. PLAY MONEY IS ENTITLED TO TERMINATE ALL OR PART OF ANY OF THE APPLICATION AT ANY TIME, IN ITS SOLE DISCRETION WITHOUT NOTICE TO YOU.

17. Limitation of Liability

YOU ACKNOWLEDGE THAT INVESTING IN EARLY STAGE COMPANIES CARRIES SUBSTANTIAL RISKS, INCLUDING LOSING ALL OF A PARTICULAR INVESTMENT.  YOU ASSUME ALL RISK AND HEREBY WAIVE ANY CLAIMS AGAINST PLAY MONEY OR ITS SERVICE PROVIDERS ARISING OUT OF AND RELATED TO YOUR USE OF THE APPLICATION AND THE INVESTMENTS THAT YOU SELECT AND CONFIRM TO PARTICIPATE IN WHILE USING THE PLATFORM, INCLUDING DUE TO ANY UNAVAILABILITY OF THE APPLICATION OR THIRD-PARTY SERVICES.

THE LIABILITY OF PLAY MONEY AND ITS AFFILIATES, EMPLOYEES, AGENTS, REPRESENTATIVES AND THIRD-PARTY SERVICE PROVIDERS WITH RESPECT TO ANY AND ALL CLAIMS ARISING OUT OF YOUR USE OF THE APPLICATION, THE CONTENT OR SERVICES OBTAINED THROUGH THE APPLICATION, WHETHER BASED ON WARRANTY, CONTRACT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, SHALL NOT EXCEED, IN THE AGGREGATE, THE GREATER OF THE AMOUNTS PAID BY YOU TO PLAY MONEY FOR USE OF THE SERVICES WITHIN THE PREVIOUS NIETY (90) DAYS, OR FIFTY DOLLARS ($50).  

IN NO EVENT WILL PLAY MONEY BE LIABLE TO YOU OR ANY PARTY FOR ANY DIRECT, INDIRECT, SPECIAL OR OTHER CONSEQUENTIAL DAMAGES FOR ANY USE OF THE APPLICATION, INVESTMENTS MADE ON THE APPLICATION, OR ON ANY OTHER HYPERLINKED WEBSITE, INCLUDING, WITHOUT LIMITATION, ANY LOST PROFITS, BUSINESS INTERRUPTION, LOSS OF PROGRAMS OR OTHER DATA OR OTHERWISE, EVEN IF PLAY MONEY IS EXPRESSLY ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.  

18. Indemnification

You agree to indemnify, defend and hold harmless Play Money and its affiliates, employees, agents, representatives and third-party service providers, for any and all claims, demands, actions, liability, fines, penalties and expenses that may arise related to your use of the Application, which may include, but are not limited to (i) your use (including any misuse) of the Application and Services, (ii) providing Content to or communicating with us or our affiliates, (iii) unauthorized use of material obtained through the Applications, (iv) engaging in a prohibited activity, or (v) any other action that breaches these Terms. 

19. Third-Party Links

The Application may contain links to other third-party websites. Such third-party websites are maintained by persons or organizations over which Play Money exercises no control. Your use of these third-party websites is governed by the terms of use and privacy policy of such websites.  Play Money expressly disclaims any responsibility for the content or results from your use of such third-party websites.

20. Copyright Complaints 

Play Money respects the intellectual property of others. If you believe that your work has been copied in a way that constitutes copyright infringement, please provide Play Money’s copyright agent with the following information.

  • An electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest;

  • Description of the copyrighted work that you claim has been infringed;

  • The location on the Application of the material that you claim is infringing; 

  • Your address, telephone number and e-mail address;

  • A statement that your claim of infringement is based on a good faith belief; and 

  • A statement made under penalty of perjury that the information you have provided is accurate and that you are the copyright owner or authorized to act on the copyright owner’s behalf.

Play Money’s agent for notice of claims of copyright infringement on the Application can be reached as follows: hello@letsplaymoney.com

21. Dispute Resolution

If a dispute arises from or relates to this Agreement or the breach thereof, and if the dispute cannot be settled through direct discussions, the parties agree to endeavor first to settle the dispute by mediation administered by the American Arbitration Association under its Commercial Mediation Procedures before resorting to arbitration. The parties further agree that any unresolved controversy or claim arising out of or relating to this contract, or breach thereof, shall be settled by binding arbitration administered by the American Arbitration Association in accordance with its Commercial Arbitration Rules and judgment on the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof.  Claims shall be heard by a single arbitrator. The place of arbitration shall be Denver, Colorado.  BY AGREEING TO THIS ARBITRATION PROCEDURE, BOTH YOU AND COMPANY WAIVE THE RIGHT TO RESOLVE ANY SUCH DISPUTES THROUGH A TRIAL BY JURY OR JUDGE OR THROUGH AN ADMINISTRATIVE PROCEEDING.

You and the Company agree that any claim brought in connection with a dispute, whether resolved through arbitration or not, will be brought between the Company and you individually, and that you may not assert any such claim against Company as plaintiff or class member in any purported class or representative proceeding.

You may opt out of the arbitration provisions of this Section by notifying Play Money in writing within thirty (30) days of the date you first registered for your Account. To opt out, you must send a written or email notification to Play Money that includes (i) your Account name, (ii) your name, (iii) your address, (iv) your email address and (v) a statement indicating that you wish to opt out of the arbitration provisions of the Terms. Opting out of these arbitration provisions will not affect any other terms of the Terms. If you do not opt out as provided in this paragraph, then your continued use of your Account, the Site or the Services constitutes mutual acceptance of these arbitration provisions.

22. Miscellaneous Provisions

Severability. If any term or provision in these Terms is found to be void, against public policy, or unenforceable by a court of competent jurisdiction and such finding or order becomes final with all appeals exhausted, then the offending provision shall be deemed modified to the extent necessary to make it valid and enforceable. If the offending provision cannot be so modified, then the same shall be deemed stricken from these Terms in its entirety and the remainder of these Terms shall survive with the said offending provision eliminated.

Application Availability. Play Money cannot guarantee the Application will be available 100% of the time because public networks, such as the internet, occasionally experience disruptions. Although Play Money strives to provide the most reliable websites reasonably possible, interruptions and delays in accessing the Application are unavoidable and Play Money disclaims any liability for damages resulting from such problems. 

Typographical Errors. Information on the Application may contain technical inaccuracies or typographical errors. Play Money attempts to make the Application’s postings as accurate as possible, but Play Money does not warrant the content of the Application is accurate, complete, reliable, current, or error-free.  

Headings. Condition and section headings are for convenience of reference only and shall not affect the interpretation of these Terms.

Controlling Law and Venue. It is understood and agreed that all the construction and interpretation of these Terms and the relationship between the parties shall at all times and in all respects be governed by the internal laws of the State of Delaware, without giving effect to the conflict of laws provisions thereof. Venue of any action brought to enforce or relating to these Terms or arising out of the relationship between the parties that cannot be handled through the Dispute Resolution provisions set forth herein shall be brought exclusively in the courts of Delaware. 

No 3rd Party Beneficiaries. You agree that, except as otherwise expressly provided in these Terms, there shall be no third-party beneficiaries to these Terms.

23. Questions

If you have any questions or comments about these Terms or the Application, please contact us by email at hello@letsplaymoney.com. 

These terms of service were last updated on October 2, 2024.