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Please note that, in accordance with the
generally accepted practices of the venture capital industry, Venture-Net Partners neither reviews nor executes Non-Disclosure Agreements (NDAs).
All materials received by Venture-Net Partners are handled in a confidential and professional manner. In the event that a decision is made not to move forward, all materials previously received are promptly destroyed.
If you are in doubt concerning the disclosure of sensitive information, we recommend that you redact all such items from your business plan and supporting documents and defer the disclosure of such material until later stages of discussion.
For more on NDAs in general, please link to the following.
From
Will Investors Steal My Ideas? (Fox Business 24 November 2011),
"Venture capital funds just
don’t have the time to negotiate [non-disclosure] agreements with every
entrepreneur who seeks venture funding."
From Why a VC Will Take a Lighter to Your NDA
(Start-Up Lawyer 17 October 2007),
"Asking a VC to sign a NDA is tantamount to splitting 10’s at the blackjack table. You just don’t do it. In the least, it will show that you do not understand the mechanics of how VCs operate. At worst, the VC will burn your NDA and dump your submission in the trash."
From VCs and Non-Disclosure Agreements (Ask the VC 16 January 2007),
"VCs don’t sign NDAs. It’s not that we are trying to pull a fast one or do anything nefarious, rather in today’s over-litigious world, it is a necessary protection."
From Scott Allen's Entrepreneurs Blog (About.com 8 August
2005),
"So I can see both sides to this, but as an entrepreneur, be prepared that you probably won't get prospective investors to sign NDAs. In fact, you'll look amateurish to them for even asking, so don't."
From Cult of the Non-Disclosure Agreement by Anthony Cerminaro (San Francisco Chronicle 5 August
2005),
"In our culture, we've elevated the creative new idea to be the core factor in determining whether a startup succeeds or fails. Unfortunately, nothing could be further from the truth."
From Full Disclosure by Alex Gove (Red Herring 10 August
1999),
"The overwhelming majority of venture capitalists will not sign NDAs. In fact, Promod Haque of Norwest Venture Partners says that entrepreneurs who push NDAs on VCs
look 'amateurish'."
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