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rvdebby

posts: 107

Dec 16, 2006 6:00 PM ET Quote Report Abuse

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OK... It`s not easy being Green ! I am going to ask the stupid question again. For all of us that are really just getting started, can someone explain what is "NDA"? From everything I am reading I am guessing it has something to do with non-disclose, am I right??

Deb

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"If you`ve got a frog to swallow, don`t look at it too long. And if you`ve got more than one to swallow, swallow the biggest one first"--Danny Cox

Steve

posts: 921

Dec 16, 2006 6:08 PM ET Quote Report Abuse

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You`re right. NDA stands for non-disclosure agreement.

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CraigL

posts: 9051

Dec 17, 2006 12:12 AM ET Quote Report Abuse

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:-) Not to be confused with a DNR -- Do Not Resuscitate.

katt33

posts: 484

Dec 17, 2006 1:05 PM ET Quote Report Abuse

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From an investor group point of view I understand their policy of not signing an NDA right up front. If Mr. Jones signs that, then he can`t share the info with the rest of the team or their advisors on certian matters of business. At some point, I beieve, that both the entreprenuer and the investor/s do sign such an agreement, but not up front. Since I have decided to use a third party to get the funding and put them on as consultant, my NDA will be signed by them and the investors as well once the intermidiary firm has secured my firm the funds.

onlineeater

posts: 144

Dec 17, 2006 5:38 PM ET Quote Report Abuse

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This is not a group...just one individual.

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katt33

posts: 484

Dec 18, 2006 3:05 PM ET Quote Report Abuse

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What I am saying is I understand their view and if my firm were at a point of investing in other firms, I would not sign an NDA because then my firm couldn`t share the information with others that are part of the decision making progress for one, and just in terms of time consuming, I would most likely have the same policy. Even if it were just me running the firm, I probably wouldn`t sign at the executive summary stage and it would have to say I can share the information with my key advisors on such matters or something to that effect.

Val1967

posts: 11

Dec 08, 2008 9:26 PM ET Quote Report Abuse

Points: 0 Vote

All, I understand your point about NDAs and investors. I never feared investors to take on your idea. I want to put the question out in a different way. I want to build a business that is based on idea implemented via a web site. Last thing I want is premature publicity. However, I do need to talk to people, get feedback, run an alpha and a beta programs, but limit it to the preselected audience. What would you recommend in this case? It is very easy to kill a site that depends on content but did not develop enough to go public all the way.

Would appreciate your input.

Val,
entrepreneur

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