Quote from investor and friend Glenn Bachman for start-ups:
“If you are creating something, don’t bother to ask people to execute a non-compete because if it can be replicated that easy you probably don’t have something special anyway”.
This goes for investors, strategic partners, etc. These may not be his exact words. But, you get the point.
Let’s be part of the Solution.
brian patrick cork
Related articles
- Startups: How to Share Data with Academics (hilarymason.com)
- The Anatomy Of A Crappy Startup (bootstrappist.com)
- I will take your non, and raise you another! (dealarchitect.typepad.com)
Unless of course what you have required three years of your life to figure out how to do, a year to create a marketable solution, and then after you showed it to a very large company who “never signs NDAs” that decide they want to steal it without compensating you, by putting their resources behind it to recreate your solution, and then you are screwed because your little company does not have the resources to enter into a legal battle with a multibillion dollar company! Ask me how I know. It’s not often I disagree with you Brian, but on this one I think there is a large gray area that requires more careful consideration by the founders/investors/etc.
That’s a common concern, Chuck.
However, I’ll counsel know your target. If a company is that close to your business, don’t let them look under the hood if they pose that level of threat. If they have a not Non-compete policy then you are making an informed decision if you risk going forward, eh.
- Cork