http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/ A daily round table on the tech industry with experts and callers from all over the globe. Join us as we pick apart the news and get to the meat of what\'s happening out there. Tue, 07 Oct 2008 17:44:11 +0000 http://wordpress.org/?v=2.6 http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-180258 Sutha Kamal Wed, 28 Mar 2007 22:41:23 +0000 http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-180258 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://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-178468 PaulSweeney Tue, 27 Mar 2007 15:25:40 +0000 http://saunderslog.com/2007/03/26/keep-your-mitts-off-my-idea/#comment-178468 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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