Will venture capital firms sign non-disclosure agreements?
James, it really is a risk you take – that is your idea being stolen. You can have them sign a non-disclosure or confidentiality agreement, but good luck proving who, when and how it was violated. And even if you think they did steal your idea, they probably have more financial staying power in any type of lawsuit. This is the inherent risk in these types of endeavors. Try hard to give as little specific data as possible, ie how things actually work – try and give your presentation at 30,000 feet so to speak. Then on a subsequent meeting you reveal more – after you know their character better.
