article thumbnail

6 Guidelines On How And When To Use Non-Disclosures

Startup Professionals Musings

As an advisor to entrepreneurs, I often have to deal with people who are convinced that they must get me to sign a non-disclosure agreement (NDA) before they begin talks about their new venture. Most often, your best partners are in some way a competitor, or already in a business complementary to yours.

article thumbnail

NDA Stealth Mode and Sharing Your Startup Concept

SoCal CTO

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.? This will only be disclosed when there is an NDA in place. Lots of thoughts here. How Stealthy Should You Be? Long live stealth mode!

NDA 211
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NDA Stealth Mode and Sharing Your Startup Concept

SoCal CTO

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.? This will only be disclosed when there is an NDA in place. Lots of thoughts here. How Stealthy Should You Be? Long live stealth mode!

NDA 198
article thumbnail

Non-Disclosures Can Protect Your Idea, Or Destroy It

Startup Professionals Musings

If you are approaching a recognized venture capital group, or even an accredited angel investor, a non-disclosure agreement is counter-productive. Discussions with potential strategic partners. Most often, the best potential partners are already in a business complementary to yours. Build trust first.

article thumbnail

Startup Non-Disclosure Agreements are Overrated

Startup Professionals Musings

Entrepreneurs often get the advice from their lawyers and friends to always get a Non-Disclosure Agreements (NDA or CDA) signed before disclosing anything about their new venture. If you are totally risk-averse, then push to always get signed NDAs. Strategic partner. Who is right? Unknown interested party.

article thumbnail

Pitching A Startup To Investors: Ways To Legally Protect Your Ideas

YoungUpstarts

Use an NDA. A non-disclosure agreement (NDA) is a standard document that you can use to commit prospective investors to secrecy over the ideas you reveal in your pitch, whether or not they actually choose to put money in after the event. Consider reputations & backgrounds.

article thumbnail

When is a Startup Non-Disclosure Really Required?

Startup Professionals Musings

Entrepreneurs often get the advice from their lawyers and friends to always get a Non-Disclosure Agreements (NDA or CDA) signed before disclosing anything about their new venture. If you are totally risk-averse, then push to always get signed NDAs. Strategic partner. Who is right? Unknown interested party.