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Privacy Notice

Last updated: September 16, 2026

Who we are

Memorandum is a newsletter and website operated by 405 Capital LLC at memorandum.media. For privacy questions or requests, email [email protected].

Information we collect and use

When you subscribe, we collect your email address and subscription information to deliver Memorandum and manage your subscription. We ask you to confirm your email address before receiving the newsletter.

We use beehiiv to host our website, manage subscriptions and send email. Subscription records include signup and confirmation information, subscription status, and information about how you found us, such as referral links and campaign parameters.

beehiiv provides delivery and engagement analytics, including email deliveries, opens, link clicks and related timestamps. Technical information can include IP address, device information and approximate location. We use these records to understand readership, improve our publication and troubleshoot delivery.

If you contact us, we use the information you provide to respond.

Our service provider

beehiiv processes subscriber information to provide its publishing service. It also processes some information for its own purposes, including platform security and abuse prevention. Its Privacy Policy explains those practices, including cookies and similar technologies, international processing and privacy choices.

You can manage cookies through your browser settings. Restricting cookies may affect some website features.

Subscription records and your choices

Use the unsubscribe link in any Memorandum email to stop receiving the newsletter. Unsubscribing does not automatically delete your subscriber profile or past engagement records from beehiiv.

To request access to, correction of, or deletion of your information, contact [email protected]. We may need to verify that the request comes from the person associated with the subscription.

Advertising measurement

If you accept cookies through our website's banner, we use the Meta Pixel to measure visits and help assess our advertising. This shares information with Meta, including pages visited, visit times, IP address, browser and device information, and cookie identifiers. Meta may combine this information with information it already holds and use it for advertising and other purposes described in its Privacy Policy. You can choose not to accept these cookies. For questions about our privacy practices, contact [email protected].

Other websites and changes

Links to other websites lead to services with their own privacy practices.

We will update this notice when our practices change and show the latest revision date above.