Surf 11 » Entrepreneurs and Non Disclosure Agreements

Finding the best waves on the web.

The frozen north has a good blog entry about NDA's or non disclosure agreements.

Do the math. If you had an idea, odds are that a sizable fraction of the people with the required expertise and who worry about similar problems have had the same idea at some point. For the vast majority, it will just be a passing thought, but a few will take the time to do their homework, and maybe even put together a business plan.

Good venture capitalists understand this, and many will refuse to sign an NDA before looking at a business plan. Few entrepreneurs understand it, and many get wrapped up in "protecting their idea" so someone else doesn't steal it.

Via Bizz Bang Buzz



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