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.signing an NDA or not to "protect" your startup/biz idea before pitching it
[A THREAD]
[A THREAD]
.1) NDA agreements are used to protect IP.
.2) this IP has to be in a tangible form
.3) if it& #39;s in your head, forget about protection
.4) translate the idea/concept into a format we can identify, some date stamp to it (email self if need be)
.5) a trademark, copyright or patent
.2) this IP has to be in a tangible form
.3) if it& #39;s in your head, forget about protection
.4) translate the idea/concept into a format we can identify, some date stamp to it (email self if need be)
.5) a trademark, copyright or patent
.now that we have the basics aside.
.6) investors review a 1000s pitches
.7) startups try raise capital from a # of investors
.8) investors rarely ever asks detailed technical info @ beginning stages
.9) startups& #39; pitch deck shouldn& #39;t contain sensitive info early but later
.6) investors review a 1000s pitches
.7) startups try raise capital from a # of investors
.8) investors rarely ever asks detailed technical info @ beginning stages
.9) startups& #39; pitch deck shouldn& #39;t contain sensitive info early but later
.10) investor will NOT sign NDA b/c signing it says creates conflict in examining opportunities or managing portfolio
.11) this isn& #39;t to say it& #39;s about the investor, entrepreneur also holds power but if u& #39;re raising external $, it& #39;s about trust
.12) NDA tends to = I don& #39;t trust u
.11) this isn& #39;t to say it& #39;s about the investor, entrepreneur also holds power but if u& #39;re raising external $, it& #39;s about trust
.12) NDA tends to = I don& #39;t trust u
.13) NB startups conduct own DD on potential investors
.14) if u& #39;re doing public pitching, forget about NDA, tailor elevator pitch to avoid divulging sensitive info but commit to share @ later stage
. 15) the more established u are, easier to insist on NDA for select pitches
.14) if u& #39;re doing public pitching, forget about NDA, tailor elevator pitch to avoid divulging sensitive info but commit to share @ later stage
. 15) the more established u are, easier to insist on NDA for select pitches
