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. Here are my guidelines for when a signed agreement is required, versus other alternatives: Insist on a two-way NDA for partner negotiations.

article thumbnail

Worked Up about Unrealistic Venture Capital Valuation

Growthink Blog

So, Mike tells me he wants to raise a first round of venture capital based on a $100 million valuation. Now, anyone who knows anything about venture capital will literally laugh when they read a line like that. Getting a $100 Million valuation is impossible for a startup. So, I reviewed the NDA.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Someone Stole My Startup Idea – Part 3: The Best Defense is a Good IP Strategy

Steve Blank

That changed when I joined the board of a startup, and we sued Microsoft and Sony on the same day for patent infringement – and won $120 million. At one of my entrepreneurship classes at Stanford, Dan Dorosin , of Fenwick & West LLP guest lectures about startups and Intellectual Property. Contract, NDA. _. Outside the U.S.

article thumbnail

Someone Stole My Startup Idea – Part 2: They Raised Money With My.

Steve Blank

Posted on December 7, 2009 by steveblank In my 21 years of startups, I had my ideas “stolen” twice. We consciously didn’t ask potential customers to sign a Non-Disclosure Agreement (NDA). We concluded that, at least for us in this market, an NDA would be a bigger impediment than asset. This time it was serious.

article thumbnail

Non-Disclosures Can Protect Your Idea, Or Destroy It

Startup Professionals Musings

Thus, based on my experience as an entrepreneur as well as a startup investor, there are indeed situations where a non-disclosure is highly recommended, and others where the potential good far outweighs the risk. CDA entrepreneur idea NDA non-disclosure startup' Marty Zwilling First published on Entrepreneur.com on 1/16/2015.

article thumbnail

I'll Fund a Startup n00b But Here's How Not to Look Like One

This is going to be BIG.

The same is true in the startup world, where there are definitely things that signal that someone is pretty unfamiliar and inexperienced with this space. Yes, yes it is… but that’s also the startup equivalent of putting “MBA” after your last name on a business card. There will be others—like don’t ask a VC to sign an NDA.

NDA 88
article thumbnail

Why you shouldn’t keep your startup idea secret

cdixon.org

Why you shouldn’t keep your startup idea secret. I have a personal diligence rule that when speaking to people at large companies, the facts that they tell you are very useful but their opinions about startup ideas no more valuable than any other smart person’s opinions). Peter Coles. Jon Russell. Jonah Peretti. Lauren Leto.

Stealth 68