10/18/2021 Tip: VCs and NDAs | Growthink

10/18/2021 Tip: VCs and NDAs

Today’s Quote

“Most of the important things in the world have been accomplished by people who have kept on trying when there seemed to be no hope at all.”
~Dale Carnegie

 

Today’s Tip

It’s important to know that most venture capitalists (VC’s) don’t sign non-disclosure agreements (NDAs).

Guy Kawasaki wrote a good comment about this subject a few years ago as follows:

“Before you even start addressing the hard stuff, never ask a venture capitalist to sign a non-disclosure agreement (NDA). They never do. This is because at any given moment, they are looking at three or four similar deals. They’re not about to create legal issues because they sign an NDA and then fund another, similar company–thereby making the paranoid entrepreneur believe the venture capitalist stole his idea. If you even ask them to sign one, you might as well tattoo “I’m clueless!” on your forehead.”

 

Today’s Resource

Forget Old School!

The “old-school” way of raising venture capital is DEAD! 

And that’s why I created this page for you… to show you how to do it right.

See the right way to raise venture capital <– 

There’s a common mistake almost every entrepreneur makes… and if you approach venture capitalists like most entrepreneurs, you’ll NEVER get funded. 

Here’s how to do it right <—

 

Trivia

Today’s Question: Through how many states does U.S. 80–the main northern route from New York to California —pass?

Previous Question: Why was the entire village of Hibbing, Minnesota, relocated?

Previous Answer: For Mining. The village was sitting atop huge beds of iron ore. 

After it was moved south, the original site became one of the largest open-pit iron mines in the world–covering over 1,600 acres and running 535 feet deep.

 

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