There’s a popular misconception amongst first-time entrepreneurs that sharing an idea without signing a non-disclosure agreement (NDA) will lead to some version of The Social Network, where Mark Zuckerberg, played by Jesse Eisenberg, steals the Facebook idea and becomes a billionaire.
The mythology sounds horrifying, but the reality is much different.
In short – investors don’t sign NDAs. They won’t sign your NDA. Asking them to will make you look like you don’t know what you’re doing, and there are a few reasons for that.
No One Wants Your Idea
You may have the world’s most amazing idea. It may be a complete pile of rubbish. Either way, it’s not about ideas.
Investors want entrepreneurs, not ideas. Anyone can come up with a great idea, but...