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For the last 2-3 weeks we had some sort of arguments and conflicts with my class mates at KTH/Stockholm about when and where to use NDAs. Some of them really believe that; if they have a business idea and plan to start-up on it, before talking to a business angel or a venture capital they should sign the NDA. But some others including me, believe that signing a NDA is not really the best way to protect your idea, furthermore it is not that legal to use it in court.

Last week while i was talking with a venture capitalist in Stockholm, i asked the same question to him and he said; “i never sign that kind of papers, you should trust me. What ever you do, i probably have more lawyers then you do.” Another example about this was a professor from KTH who worked for Stanford Univ. in USA and have been very close to silicon valley, she also said the same; “no one sign that kind of papers in silicon valley”.

All in all; i also believe that signing a NDA means nothing and moreover, ideas are just the 3-5% of the whole business, i can find you 10s of ideas everyday but the most important and the difficult part if execution not the idea.

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