From Full Disclosure by Alex Gove (Red Herring 10-Aug-99),"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'."
From Cult of the Non-Disclosure Agreement by Anthony Cerminaro (San Francisco Chronicle 5-Aug-05), "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 Scott Allen's Entrepreneurs Blog (About.com 8-Aug-05), "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 VCs and Non-Disclosure Agreements (Ask the VC 16-Jan-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 Why a VC Will Take a Lighter to Your NDA (Start-Up Lawyer 17-Oct-07), "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."
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. | .gif)
