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A note about NDAs: 1) almost no experienced entrepreneurs/VCs will sign them (in fact, you asking them too is widely considered a sign of inexperience), 2) It’s not clear they have any real value – are you really going to spend years suing someone who signed an NDA? Have any candidate sign an NDA. link] Stan James.
But knowing how to outsource that, how to partner with the right firm, how to interview those people how to present to them the right information so they can set up the right creative and run the right traffic is really complicated. The only thing I'll get into in, if they want me to sign an NDA, that's fine. I'm much more interested.
Startup Myths #1 – You Need an NDA. You Need an NDA. The Myth: You need an NDA to protect your intellectual property. The Truth: A Non-Disclosure Agreement (NDA) can be a useful document. If you take an NDA to any Venture Capitalist or serious Angel Investor… they will immediately stop taking you seriously.
How many entrepreneurs opening words are about how stealth their project is, followed by a 10-page NDA to hear word one? At first, we tend to see the business and our partners at their best, full of promise, and cant conceive that they will ever be anything but their best. Guarding The "Big Idea".
Your product must solve an actual need, have a profitable market size, differentiate itself from the competition, generate sufficient interest from your target market, be cost-effective to produce in a timely manner, and have a clear marketing path. Sign that person to an NDA if necessary. Test your prototype in your target market.
The kinds of places where you have to sign an NDA when you walk in the lobby… When I lived and worked in the bay area (2000-2005) virtually all the startups were down on the peninsula somewhere. Also all the big anchor companies that a startup might want to partner with at that time (eBay, Google, Oracle, Yahoo!,
Two things happened there: I found the perfect person to partner with: Nisha Dua. Why is your differentiation also a competitive advantage? Many venture funds lack a female partner, let alone gender balance. But I’m pretty appalled reading about the NDA’s and ignored complaints that preceded the press coverage.
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