Privacy Policy

Last updated: January 8, 2025

1. Introduction

Shapiro Venture Law PLLC ("we," "us," or "our") operates VentureCounsel.AI (the "Service"). This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our Service.

Please read this Privacy Policy carefully. By using the Service, you consent to the data practices described in this policy. If you do not agree with the terms of this Privacy Policy, please do not access the Service.

Important Notice Regarding Confidentiality

The information you submit to VentureCounsel.AI is NOT protected by attorney-client privilege. This Service is an AI-powered informational tool, not a legal service. Before submitting any information:

  • Ensure you have authorization to share such information
  • Consider whether the information is subject to confidentiality agreements or obligations
  • Understand that information may be processed by third-party AI services
  • Do not submit information you would not want disclosed

2. Information We Collect

2.1 Information You Provide

We collect information you voluntarily provide when using the Service, including:

  • Document Content: Term sheets, compensation documents, and other materials you upload or paste into the Service for analysis
  • Form Inputs: Information you enter into our tools, such as company details, role information, compensation figures, and preferences
  • Chat Messages: Queries and conversations you have with our AI chat functionality
  • Contact Information: Email address or other contact details if you reach out to us

2.2 Information Collected Automatically

When you access the Service, we may automatically collect:

  • Device Information: Browser type, operating system, device type
  • Usage Data: Pages visited, features used, time spent on the Service
  • IP Address: For rate limiting, security, and analytics purposes
  • Cookies and Similar Technologies: As described in Section 7 below

3. How We Use Your Information

We use the information we collect for the following purposes:

  • Provide the Service: Process your documents and inputs to generate analyses and recommendations
  • Improve the Service: Analyze usage patterns to enhance functionality and user experience
  • Security: Detect and prevent fraud, abuse, and security incidents
  • Rate Limiting: Enforce usage limits to ensure fair access for all users
  • Communications: Respond to your inquiries and provide customer support
  • Legal Compliance: Comply with applicable laws and legal obligations

4. Third-Party Service Providers

We use third-party services to operate the Service. These providers may process your information as follows:

4.1 AI Processing Services

We use Anthropic's Claude API and/or OpenAI's API to power our AI analysis features. When you submit content for analysis:

4.2 Analytics Services

We use Google Analytics to understand how users interact with our Service. Google Analytics collects information such as:

  • Pages visited and features used
  • Time spent on the Service
  • Geographic location (country/region level)
  • Device and browser information

You can opt out of Google Analytics by installing the Google Analytics Opt-out Browser Add-on.

4.3 Hosting Services

The Service is hosted on Vercel. Vercel may collect and process certain technical information as part of providing hosting services.

5. Data Retention

Our data retention practices are as follows:

  • Document Content: We do not persistently store the documents or text you submit for analysis. Content is processed in real-time and not retained after your session ends.
  • Usage Logs: We may retain anonymized usage logs for analytics purposes for up to 24 months.
  • IP Addresses: IP addresses used for rate limiting are retained temporarily (typically 24 hours) and then deleted.
  • Third-Party Retention: Our AI service providers may retain data according to their own policies. Please review their privacy policies for details.

6. Data Security

We implement reasonable technical and organizational measures to protect your information, including:

  • HTTPS encryption for all data transmission
  • Rate limiting to prevent abuse
  • Regular security assessments

However, no method of transmission over the Internet or electronic storage is 100% secure. We cannot guarantee absolute security of your information.

7. Cookies and Tracking Technologies

We use cookies and similar tracking technologies to:

  • Remember your preferences
  • Analyze usage patterns
  • Improve the Service

Types of cookies we use:

  • Essential Cookies: Required for basic Service functionality
  • Analytics Cookies: Help us understand how users interact with the Service

You can control cookies through your browser settings. Note that disabling cookies may affect Service functionality.

8. Your Rights and Choices

Depending on your location, you may have certain rights regarding your personal information:

  • Access: Request information about the data we hold about you
  • Deletion: Request deletion of your personal information
  • Correction: Request correction of inaccurate information
  • Opt-Out: Opt out of certain data processing activities

To exercise these rights, please contact us using the information provided in Section 13.

9. California Privacy Rights

If you are a California resident, you may have additional rights under the California Consumer Privacy Act (CCPA), including:

  • The right to know what personal information we collect and how it is used
  • The right to delete personal information
  • The right to opt out of the sale of personal information (we do not sell personal information)
  • The right to non-discrimination for exercising your privacy rights

10. International Users

The Service is operated from the United States. If you are accessing the Service from outside the United States, please be aware that your information may be transferred to, stored, and processed in the United States where our servers are located.

By using the Service, you consent to the transfer of your information to the United States, which may have different data protection laws than your country of residence.

11. Children's Privacy

The Service is not intended for individuals under the age of 18. We do not knowingly collect personal information from children. If you believe we have collected information from a child, please contact us immediately.

12. Changes to This Privacy Policy

We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the "Last updated" date. Your continued use of the Service after any changes indicates your acceptance of the updated Privacy Policy.

13. Contact Us

If you have questions or concerns about this Privacy Policy or our data practices, please contact us at:

Shapiro Venture Law PLLC
Email: privacy@venturecounsel.ai

14. Additional Disclosures

14.1 Do Not Track

Some browsers have a "Do Not Track" feature. We do not currently respond to Do Not Track signals.

14.2 Third-Party Links

The Service may contain links to third-party websites. We are not responsible for the privacy practices of these websites. We encourage you to review the privacy policies of any third-party sites you visit.