25 July 2010
NDA means "No Deal Actually"
07/30/10 21:19 Filed in: Technology
Everyone knows what an NDA is...it is a non-disclosure agreement.
According to Wikipedia, "A non-disclosure agreement (NDA), also known as a confidentiality agreement, confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties."
To any investor, it means "No Deal Actually". An investor sees so many pitches that no good investor will entertain signing an NDA. They do not want to get involved in any unnecessary legal issues, particularly if they fund a similar company. Moreover, if you do push an NDA, then the investor will assume you don't understand how venture financing works.
However, you should ensure that the information that you provide to the VCs doesn't include any trade secret information at least in the early stages of the dance. Also, documenting what you disclosed to the VCs is a sound practice. Marking your information as confidential is another good practice.
Having consternations about no NDA? Well, your invention is either the greatest IP since sliced bread and you shouldn't have any problems getting funded or it is too easy to copy so you need to revisit your business plan if your purported competitive advantage is IP-related.
According to Wikipedia, "A non-disclosure agreement (NDA), also known as a confidentiality agreement, confidential disclosure agreement (CDA), proprietary information agreement (PIA), or secrecy agreement, is a legal contract between at least two parties that outlines confidential material, knowledge, or information that the parties wish to share with one another for certain purposes, but wish to restrict access to by third parties."
To any investor, it means "No Deal Actually". An investor sees so many pitches that no good investor will entertain signing an NDA. They do not want to get involved in any unnecessary legal issues, particularly if they fund a similar company. Moreover, if you do push an NDA, then the investor will assume you don't understand how venture financing works.
However, you should ensure that the information that you provide to the VCs doesn't include any trade secret information at least in the early stages of the dance. Also, documenting what you disclosed to the VCs is a sound practice. Marking your information as confidential is another good practice.
Having consternations about no NDA? Well, your invention is either the greatest IP since sliced bread and you shouldn't have any problems getting funded or it is too easy to copy so you need to revisit your business plan if your purported competitive advantage is IP-related.
Cotswold - A Cheese Worth Trying
07/26/10 09:54 Filed in: Cooking
I have picked up this cheese multiple times from my local Whole Foods supermarket. It is definitely worth trying.
Coming from Gloucestershire County in England, Cotswold is a whole milk cheese to which chopped onions and chives are added. It is orange in color and taste like a cheddar cheese, but with a kick! The onions and chives make it a winner. In England it is called "Pub Cheese".
I usually eat it alone or with some grapes. A good red wine would be a great compliment. For the price, you are looking at about US$16 per pound.
