4 reasons your business needs a non-disclosure agreement (but shouldn’t ask a VC to sign one)

"It’s every entrepreneur’s worst nightmare. You pitch an amazing new business idea to a potential partner or employee, only to turn around and discover that they’ve stolen it and created their own rival company, using your exact idea (or something very similar). It’s happened before. One of the most well known cases of this is what happened at Facebook. Tyler and Cameron Winklevoss had hired Mark Zuckerberg to develop their “UConnect” social network while they were all at Harvard, and they later claimed that Zuckerberg stole their idea when he created Facebook." Read more

Lachlan McKnight, BRW, 24 July 2015