NDA

“I mean, NDAs, non-disclosure agreements are great, but they're very hard to defend in court. Whereas a patent is an absolute right, and it can be super helpful, especially when dealing with a bigger competitor.”

“And so a lot of people don't want to sign the NDAs because they don't want to get sued for something that is actually not a violation, but looks like a violation from the outside. Not because they're concerned they're going to lose the lawsuit because it's exp…”

“The former sorts of NDAs, sort of the business opportunity ones, Tend to be pretty enforceable for a pretty long time. The latter tend to be enforceable for a limited period of time. Usually that period of time is on the order of a couple of years, and usually…”

“The workaround is like, if we're doing something like software and the secret sauce is really in the algorithms, then we're probably as an investor group, we're going to contract with an outside third party that the entrepreneur agrees with that's not investin…”

“Every investor that we've ever trained, we've said never sign an NDA because you have no idea what you're limiting yourself to, and that will preclude you from being able to look at anything else in the future.”