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Terms of Service

Effective Date: April 1, 2025

 

1. Introduction

 

These Terms and Conditions (“Terms”) govern your participation as a member (“ICAN Angel”) of the International Collegiate Angels Network (ICAN). ICAN is a wholly-owned subsidiary of PushRock Venture Partners, LLC, a Texas limited liability company. By applying for membership, you agree to these Terms and acknowledge your role as an ICAN Angel.

 

2. Membership Eligibility and Fee

 

2.1 Eligibility: Membership is open to accredited investors as defined by the U.S. Securities and Exchange Commission (SEC). Each ICAN Angel must self-certify their accredited status upon application.

 

2.2 Membership Fee: ICAN Angels pay a non-refundable annual membership fee of $499. This fee grants access to curated deal flow, investor events, and member communications.

 

3. Deal Sourcing and Investment Opportunities

 

3.1 Sourcing Model: ICAN sources early-stage ventures from leading campus entrepreneurship programs around the world. These Campus-Born Ventures are led by current students, faculty, and alumni founders who meet ICAN’s eligibility standards.

 

3.2 Deal Volume Commitment: ICAN will present no fewer than 16 Campus-Born Ventures per year through its Investor Day events. Ventures selected for these events are chosen by the ICAN Investment Committee, based on diligence, investment readiness, and alignment with ICAN’s mission.

 

3.3 Investment Discretion: All investment decisions are made solely at the discretion of ICAN Angels. ICAN does not provide financial advice, guarantees, or recommendations on specific deals.

 

4. Carried Interest Structure

 

4.1 ICAN-Only Rounds: For deals fully subscribed by ICAN Angels, ICAN will retain a 12% carried interest on any realized profits.

 

4.2 Syndicated Rounds: For deals that require external syndication beyond ICAN Angels, ICAN will retain a 20% carried interest on any realized profits.

 

5. Confidentiality

 

5.1 Non-Disclosure: ICAN Angels must treat all deal materials, venture data, pitch decks, videos, and event discussions as confidential. Unauthorized sharing or public distribution is strictly prohibited and may result in termination of membership.

 

6. Indemnification

 

6.1 Member Responsibility: Each ICAN Angel agrees to indemnify and hold harmless ICAN, its directors, officers, employees, affiliates, and agents from any claims, liabilities, or losses arising from participation in ICAN activities or investment decisions.

 

7. Limitation of Liability

 

7.1 No Warranty or Guarantee: ICAN provides no warranty regarding the financial performance, outcomes, or suitability of any Campus-Born Venture. ICAN disclaims liability for any damages, including direct or consequential losses, arising from participation or investment activity.

 

8. Amendments

 

8.1 Modifications: ICAN reserves the right to modify these Terms at any time. Material changes will be communicated to all ICAN Angels. Continued participation constitutes acceptance of the revised Terms.

 

9. Governing Law

 

9.1 These Terms shall be governed by and interpreted under the laws of the State of Texas, without regard to its conflicts of laws principles.

 

10. Acknowledgment

 

By submitting your membership application and paying the membership fee, you confirm that you:

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  • ​Are an accredited investor

  • ​Understand and accept the carried interest model

  • ​Acknowledge ICAN’s role as a facilitator, not a broker-dealer

  • ​Agree to comply with these Terms as an ICAN Angel

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