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One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? What is Stealth? The reality is that Stealth is defined differently in each case. Lots of thoughts here.
One of the readers asked my opinion around sharing your startup concept: My first question has always been - how do you protect your idea while shopping around for feedback, partners, developers, etc.? What is Stealth? The reality is that Stealth is defined differently in each case. Lots of thoughts here.
Stealth Mode Startup. If youve read my Cult of the NDA article (which, by the way, remains one of the most-read articles on this blog), then you know that I think good luck and good execution are far more important to success in a startup than a Really Big Idea. They didnt even offer to sign an NDA. Categories. Statistics.
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? I’ve personally never heard of it happening.
Ensure staff, partners, customers, and board understand the business technological vision. Design and maintain a roadmap of projects to meet demanding business objectives, taking advantage of trends and new technology where appropriate.
“Stealth Mode&# = FAIL. Outcome: last night a Biz Dev guy from Disney/ABC sent me an email asking about partnering with some of their online properties. The dude turned out to be a senior partner at a major international corporate law firm, and 6 weeks later he offered to take me on as a pro bono client. Love yammer.
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".
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