Comments on: Why most VCs don’t sign NDAs

By: brisbourne

brisbourne — Tue, 30 Nov 2010 17:41:00 +0000

That makes sense to me. As we VCs we recognise our duty of confidentiality.

By: brisbourne

brisbourne — Wed, 14 Apr 2010 16:05:51 +0000

Hi Nick – fair point about the tone of the article, and also about knowing where the business plan is going. However, an NDA is overkill for that concernt – a face to face conversation where you look the VC in the eyes and say please ask before you share would do it in most cases.

By: Nick

Nick — Wed, 14 Apr 2010 04:19:03 +0000

It's actually for me not about “protecting the idea” that's clearly amateur hour. That said I do want to know when VCs are sending my deck around to other investors that I may already know me or worse to their “buddy at [insert competitor company name here]“. Whilst some VCs have the integrity to ask or at least inform you, not all do. Basic courtesy for the entrepreneur is not something to be sneered at by the VC community as this article and some of the VC replies to it tend to do. In that respect an NDA does have worth.

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By: brisbourne

brisbourne — Tue, 10 Nov 2009 06:30:40 +0000

Yes – once you are n serious DD the above arguments fall away and it is only fair to sign an NDA. For us that point is when the termsheet is signed.

By: brisbourne

brisbourne — Tue, 10 Nov 2009 06:30:40 +0000

Yes – once you are n serious DD the above arguments fall away and it is only fair to sign an NDA. For us that point is when the termsheet is signed.

By: Iain

Iain — Mon, 09 Nov 2009 21:56:29 +0000

As a principle I don't sign NDAs primarlily because of the time involved and the number of opportunites that come through the door each month. I mostly agree on this post although I think if you get to the point of doing serious due diligence on a company it is only fair that one is in place – both for the company and their customers. Indeed, the customer you are talking to in DD can be more sensitive than the company.

By: Why most VCs don’t sign NDAs – The Equity Kicker « Tech4buziness – Eng

Mon, 09 Nov 2009 15:47:20 +0000

[...] I’d have to keep track of all the NDA’s I signed. It’s “yet another legal document” in the pantheon of documents we have to keep track of. Hmmm – maybe we should consider funding a startup to automate the creation and tracking of NDA’s. Nah. In 20 years of high tech (as an entrepreneur, angel investor, and VC), I’ve never been involved in a situation where an NDA in enforced except in an M&A context. It’s simply a waste of paper and time for anything but M&A. via theequitykicker.com [...]

By: brisbourne

brisbourne — Mon, 09 Nov 2009 14:13:43 +0000

Agreed. For most start-ups the risk of obscurity is greater than the risk of having their idea ripped off.