If I submit an idea for venture capital, how do I know this idea is not sent to someone else? In this case, how to process a non-disclosure agreement with a venture capital firm?
What Is Venture Capital & What Are Some Vc Firms? I am doing a project for my microeconomics class an venture capital. I have been searching and searching for some lists of popular/well known venture capital firms. What vc firms...
James, it really is a risk you take – that is your idea being stolen. You can have them sign a non-disclosure or confidentiality agreement, but good luck proving who, when and how it was violated. And even if you think they did steal your idea, they probably have more financial staying power in any type of lawsuit. This is the inherent risk in these types of endeavors. Try hard to give as little specific data as possible, ie how things actually work – try and give your presentation at 30,000 feet so to speak. Then on a subsequent meeting you reveal more – after you know their character better. Good luck
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got it
January 28th, 2010 at 3:21 am
1James, it really is a risk you take – that is your idea being stolen. You can have them sign a non-disclosure or confidentiality agreement, but good luck proving who, when and how it was violated. And even if you think they did steal your idea, they probably have more financial staying power in any type of lawsuit. This is the inherent risk in these types of endeavors. Try hard to give as little specific data as possible, ie how things actually work – try and give your presentation at 30,000 feet so to speak. Then on a subsequent meeting you reveal more – after you know their character better. Good luck
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