http://www.saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/?utm_source=rss&utm_medium=rss&utm_campaign=keep-your-mitts-off-my-idea An outcome-driven leader, proven technology product developer, and marketer with over 20 years of hands-on experience including start-up, small and large business environments, and the board room. This is my blog. Thu, 26 Jan 2012 17:15:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-4690 Sutha Kamal Wed, 28 Mar 2007 18:41:23 +0000 http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-4690 Most VC's don't do this ... and to be clear: FUNDING a competitive startup is fair game... saying "hey, that's a good idea, let's CREATE a startup to do *just that*" isn't cool... and yes, I can think of at least one VC that's done precisely this. Most VC's don't do this … and to be clear: FUNDING a competitive startup is fair game… saying "hey, that's a good idea, let's CREATE a startup to do *just that*" isn't cool… and yes, I can think of at least one VC that's done precisely this.

]]> http://www.saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-4689 PaulSweeney Tue, 27 Mar 2007 10:25:40 +0000 http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-4689 Wow. For real? Very difficult to prove. Most (i.e. all) VC's don't sign NDA's for this very reason. If they have an "investment path" and are looking at a particular area of future value (say, security and Open-ID), they will speak to a lot of companies in that space before plumping for one or even two in the same space. The guys in Bessemer do a great job of explaining this approach on their own blogsite. Even on the edge of Europe, we will eventually get to hear about this particular example, so if a VC did this for real, it will hurt. Wow. For real? Very difficult to prove. Most (i.e. all) VC's don't sign NDA's for this very reason. If they have an "investment path" and are looking at a particular area of future value (say, security and Open-ID), they will speak to a lot of companies in that space before plumping for one or even two in the same space. The guys in Bessemer do a great job of explaining this approach on their own blogsite. Even on the edge of Europe, we will eventually get to hear about this particular example, so if a VC did this for real, it will hurt.

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