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Why NDAs are not worth the bother
Chris Dixon wrote a great post on why entrepreneurs with an idea should share it with everyone. He argues that there is very little downside and makes good points that you should read.
He ends with a coda on non-disclosure agreements.
- almost no experienced entrepreneurs/VCs will sign them (in fact, you asking them too is widely considered a sign of inexperience)
- It’s not clear they have any real value – are you really going to spend years suing someone who signed an NDA? I’ve personally never heard of it happening.
While the same may not be true of big corporations about to launch, for example, a new console, it is generally true for start-ups and even early-stage game ideas.
My personal mantra is that “ideas are nothing; execution is everything”. A great team can take a rubbish idea and make a good business, whereas a rubbish team can turn the most brilliant idea into so much wasted time.
In the end, though, I’m going to refer you back to Edison:
Do you agree?