Should you ask your investor to sign an NDA?

There’s a common question among first-time entrepreneurs: Should I ask [insert person here] to sign a Disclosure Agreement? These “idea people” think they have a highly profitable idea, and want to make sure it’s protected before talking to anyone.

When someone asks my opinion on whether they should present an NDA to a potential investor or mentor, I have one emphatic reply: No. No no no. No no no no no no no. NO.

I made a video to explain why.

Note: Obviously don’t take my advice over a lawyer’s.

Share what you think