On Monday, October 13, 2014 2:18:02 PM UTC-7, Cathal (Phone) wrote:
-- Yea, there is a certain message that someone sends when they ask you for
perfect, legally enforceable secrecy instead of trusting you on your
word. They don't trust you, and that's not a good place to start from
when you want to enter a mutually beneficial partnership. Communication
and collaboration are key, and when someone starts locking a partner
out, both parties lose out.
Sorry, but I've got to call bullshit on that. NDA's are not a sign of a lack of trust. They are completely standard business practice whenever you're working between partners that have some IP rights to protect. They *allow* you to open up to each other to a far greater extent than you would otherwise.
It's just that the power balance between VC and startup is so extremely lopsided that the VCs can set whatever terms they damn well like. Sure, they have no intention of stealing your ideas. But why should they bother with an NDA when there's a dozen other startups in line behind you who are willing to waive the NDA? I bet they also feel that signing all those NDAs would overly constrain themselves in being able to give good advice to the companies they back (in other words: some of that good advice may actually have come from conversations they've had with *other* startups...)
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