For members who download and install our App, we collect information for research purposes aimed at understanding how you interact with your device and browse the internet, including the types of entertainment you watch or advertisements you see or the searches you conduct. Member Data will be passively collected as long as you keep the App installed and active on your device. The App will continually send us data in real-time as you use the device. We will periodically send surveys that must be attempted in order for your Member account to be deemed active for validation. See the section titled “Securities Being Offered—Consideration” in our Offering Circular for further information on our data collection policies for the App.
For members who provide Member Data via surveys or other methods of participation, we may collect information such as, but not limited to, Personal Data revealing racial or ethnic origin, political opinions, religious or philosophical beliefs, or trade union membership, data concerning health or data concerning your sex life or sexual orientation. You must explicitly consent to our data policies associated with each survey to be completed by agreeing to the terms and conditions of the survey prior to starting the survey. See the section titled “Securities Being Offered—Consideration” in our Offering Circular for further information on our data collection policies for surveys.
We require information about your signup and current location, which we get from signals such as your IP address or device settings to prevent fraud and to securely and reliably set up and maintain your account. Subject to your settings, we may collect, use, and store additional information about your location—such as your current precise position to operate or personalize our services including with more relevant surveys and additional research opportunities.
A member may at any time terminate his or her Purchaser Consent, or elect to have selected Member Data removed, which will have the effect of revoking his or her Purchaser Consent as it relates to such Member Data (but not any other Member Data not removed). See the section titled “Our Limited Liability Company Operating Agreement—Redemption Rights” in our Offering Circular. Please note that your continued consent to our use of your Shared Data is required for your continued ownership of any shares issued to you in connection with the contribution of that Shared Data. If you elect to remove selected Shared Data for which you were issued ownership shares in our company, we will redeem (i.e., cancel) those shares, and you may also elect to cancel certain other shares that may have been issued to you. See the section titled “Our Limited Liability Company Operating Agreement—Redemption Rights—Additional Redemptions” in our Offering Circular. If you terminate your Purchaser Consent or delete your SavvyShares account, we will redeem all shares issued to you. We believe this is the best way to be fair to other members of our community who have not revoked access to their Member Data. Additionally, if, for any period of time, for any reason, we are unable to issue shares pursuant to this offering, we, or an affiliate, reserve the right to offer cash in exchange for Member Data to members during such period.