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Protecting your Idea without an NDA

Dorian Collier is Founder & CEO of Deesea (http://deesea.com/). In this video he discusses protecting your idea without and NDA (Non-Disclosure Agreement).

  1. Convey that you;ve already received feedback
  2. Explain that you're serious about the idea
  3. Exude confidence

When first, you know, starting a company or coming up with the idea, a lot of people think that, you know, somebody is going to go out there and steal their idea. You know, they’re extremely concerned with getting NDA signed and, you know, how do I protect myself moving forward from the space and, you know, if they approached investors. A lot of investors will not touch NDAs. A lot of tech firms and technical people that hear new ideas on a regular basis, if all you have is idea, they’re not going to touch your NDA. So, you know, you have to figure out ways to protect your idea, right, or to feel comfortable sharing your idea without an NDA. A lot of times you just not need. Here are a few tips that can get you past that.

One is let the person know that you’ve gotten feedback from others already, all right? And what that does is it lets them know that you’re out there and you’re sharing the idea. It’s not exclusive to them. Other people know that is your idea so there’s some security in that. If the community knows that, “Hey, this is so and so’s idea,” you know, it’s your idea, you already own that, right, and that could be a deterrent and provide you a little bit of confidence, right?

Next, let the person know that you’re serious about the idea. You know, when building a company or taking your idea to the next level, you know, it takes a lot of hard work and if they see that you’ve already put in the hard work or you’re willing to put in the hard work, you know, somebody is going to be a lot, a lot, you know, they’re not going to be willing to really mess with that. You already have a head start on them, you know, let them know that, you know, and it’s all good. So let them know you’re very serious about the idea and you fully intend on doing it moving forward full steam ahead.

And last but not the least, show confidence. You know, let them know that you are willing to take on the challenges that come with this idea, all right. And if they know that, they’re more than likely going to get on board with you or not but they’re going to take your idea and do it on their own.

These are ways that you can protect your idea without an NDA.