Terms, Conditions & FAQs

Refund Policy

Only selected applicants will be charged the event fee. To request a refund, please email hello@madronavl.com. After January 23 we will not refund the event fee.

Legal Terms

By participating in the Launchable: Foundation Models program, each Participant grants the Organizers (Madrona Venture Labs) and its licensees, successors and assigns a non-exclusive, perpetual, non-cancelable, royalty free, fully paid up, worldwide right and license to edit, modify, adapt, translate, exhibit, publish, transmit, participate in the transfer of, reproduce, copy, create derivative works from, distribute, perform, display and otherwise use all and/or any part of such Participant’s names, likenesses, photographs, voices and images of all persons referenced and/or appearing in materials generated at the event, without limitation, anywhere in the world in any form (tangible or intangible, permanent or ephemeral, including, without limitation, audio, video, print, electronic, written, and photographic) and via any transmission medium (including, without limitation, television, radio, Internet, and print) now existing or that may exist in the future for advertising, trade, promotion, publicity and other related purposes without compensation and without notice to or consideration, review or approval from Participant.

Each Participant further agrees to (i) be questioned or interviewed (whether in person or by other means such as email or phone), filmed and/or photographed and available for interviewing, filming, photography and for other public relations, marketing and promotional activities associated with the Event, as reasonably required and directed by the Organizers, (ii) allow the Organizers to make contact with the Participant (whether in person, by phone, email or otherwise) for the purpose of requesting further information from the Participant in relation to their participation or for any other purpose related to the Launchable: Foundation Models program. Each Participant represents and warrants that neither its participation, nor the Organizer’s exercise of any of the rights granted to it under these Terms will (a) infringe or violate any rights of any third party or entity, including, without limitation, those relating to patents, copyrights, trademarks, trade secrets, moral rights, mask works, defamation, privacy, publicity, false light, misappropriation, confidentiality, and/or any contractual or other rights recognizable under any applicable law, rule, regulation, ordinance, judgment or decree (collectively, “Law”), or (b) otherwise violate any applicable Law.

Participants agree to act professionally, treat everyone with respect, and treat the event facilities with proper care. Participants agree that they are responsible for any accidents or damages that they cause. They also agree to not hold the Organizers, the organizing team, or any of the event supporters liable for any loss, damage, injury, or any other unforeseeable incident.

Frequently Asked Questions

Will the organizers own IP in any companies that are formed as a result of Launchable: Foundation Models?

No, the organizers will not own any IP in the resulting companies, unless already an MVL founder or in partnership with MVL.

Who owns the IP?

The idea lead will retain IP ownership throughout the event and beyond. Unless explicitly agreed upon, there is no commitment of equity or compensation for contributions by other team members during the Launchable event.

All rights concerning the entries shall remain with the idea/team lead. Participants agree to share their ideas with all others at Launchable: Foundation Models. Madrona Venture Labs does not accept any responsibility to protect participants’ ideas, works, and results disclosed or generated during Launchable: Foundation Models. Participants will, upon request, sign additional documentation that may reasonably be requested to reflect the ownership of the IP by the idea lead.

Participant acknowledges and agrees that Madrona Venture Labs or other participants or third parties may have developed or commissioned ideas, works or results which are similar to the entry of the participant's team, or may develop something similar in the future. Each participant waives any claims that the participant may have against Madrona Venture Labs resulting from any similarities to the entry of the participant’s team.

We are an early stage startup pre-revenue and pre-funding, can we participate?

Yes, we would love to have you join the event. Early ideas and companies are welcome.

What are the requirements to receive the $250K investment from MVL?
We will work in good faith to partner with the winning team on the SAFE and awesome mentorship.

If you have additional questions, please contact us.