Disclaimers

Any documents, communications, content by Alternative Financial Corporation, its subsidiaries, works, affiliates, or other such entity (together referred to hereinafter as the “Company”) as well as any entities and/or vehicles that make use its administrative and/or software services (referred to hereinafter as the “Funds”) are intended to be confidential unless specifically indicated otherwise and shall not constitute an offer to sell or the solicitation of any offer to buy which may only be made at the time a qualified offeree receives a subscription agreement or securities purchase agreement which may contain important information (including investment objective, policies, risk factors, fees, tax implications and relevant qualifications), and only in those jurisdictions where permitted by law. Contents on this site and made available by the Company — as well as content available on any associated distribution platforms and any public Company or Fund online social media accounts, platforms, and sites (collectively, “Content Distribution Outlets”) — should not be construed as or relied upon in any manner as investment, legal, tax, or other advice. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment. Any projections, estimates, forecasts, targets, prospects and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

An investment in any Fund is speculative and involves a high degree of risk. Opportunities for redemptions and transferability of interests may be restricted, so investors may not have access to capital when it is needed. There may be no secondary market for the interests and none may be expected to develop. the Company’s or Fund’s investments, which are under the sole trading authority of the designated investment manager (assuming the entities or vehicles designate such a manager), may be primarily concentrated in the technology, media, and/or telecommunications sectors and this lack of diversification may result in a higher risk. A portion of the trades executed may take place on non-U.S. Exchanges. Leverage may be employed in the portfolio, which can make investment performance volatile. An investor should not make an investment unless it is prepared to lose all or a substantial portion of its investment. The fees and expenses charged in connection with investments may be higher than the fees and expenses of other investment alternatives and may offset profits.

There is no guarantee that any investment objectives described by the Company or any Fund will be achieved. Moreover, the past performance (if any) of the relevant investment team should not be construed as an indicator of future performance. Any projections, market outlooks, or estimates presented by the Company or a Fund may be forward-looking statements and/or based upon certain assumptions. Events which were not taken into account may occur and may significantly affect the returns or performance of the fund. Any projections, outlooks, or assumptions should not be construed to be indicative of the actual events which will occur. Further, any statements of opinion contained herein constitute only current opinions of the investment manager or administrator, where relevant, which are subject to change and which the investment manager or administrator does not undertake to update.

While all the information prepared in Company and/or Fund documents is believed to be accurate, the Company makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors, appearing in the document. In particular, certain factual information contained herein may have been, or may be, obtained from third parties, and neither the Company nor the Fund may have independently verified such information. Any charts provided here or on Company of Fund content distribution outlets are for informational purposes only, and should not be relied upon when making any investment decision. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. In addition, posts may include third-party advertisements; the Company has not reviewed such advertisements and does not endorse any advertising content contained therein. All content speaks only as of the date indicated.

Any fund portfolio report or mark is for illustrative purposes only. Generally, the portfolio views referenced by the Company or any Fund may not yet closed and may be subject to material changes relating to its holdings and allocations. Neither the Company nor any Fund may be able to guarantee the accuracy or completeness of information relating to investments at any time, and neither the Company nor the Fund assume liability for damages resulting from or arising out of the use of such information. Any information contained in this report relating to pricing has been gathered from sources in good faith but with the express understanding that such sources are unlikely to be reliable. As such, the Company and the Funds do not guarantee the accuracy or completeness of such information, and we assume no liability for damages resulting from or arising out of the use of such information. The performance numbers displayed in any materials conveyed by the Company or Funds may have been adversely or favorably impacted by events and economic conditions that will not prevail in the future. Certain information contained herein may be based upon hypothetical performance. Hypothetical performance results may have inherent limitations, some of which are described herein. No representation is being made that any account will or is likely to achieve profits similar to those shown. In fact, there are frequently significant differences between hypothetical performance results subsequently achieved by following a particular strategy. One of the limitations of hypothetical performance results is that they are prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk associated with actual trading, including changing objectives and constraints on the management of the account. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategy that cannot be fully accounted for in the preparation of hypothetical performance results, all of which can adversely affect actual results.

Views expressed in “posts” (including podcasts, videos, and social media) are those of the individual Company personnel quoted therein and are not the views of the Company.