Three Insight

The NDA (Non-Disclosure Agreement)

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Sinopsis

The Non-Disclosure Agreement. Metzger deals with startups - and a lot of them ask for signed NDAs. It makes doing business extremely difficult - they may have a client in the same business. The chances of Metzger taking an idea are zero. Michael says he launched Callisto.fm at Podcamp Boulder 2009 as an idea. A developer stepped up and offered to build it. If there were an NDA, that wouldn't have happened. What would happen to someone that stole that idea? The community is too small. That won't happen in San Francisco, people are more likely to steal idea due to the size of the space. Investors like teams, not ideas in general. Two companies Boulder Open Coffee Club asked for NDAs before they'd share ideas. No one did it. Startups face difficulty - do they share excitement with open betas, or do they keep it locked down until the last minute to fanfare? All agree that the former is better. CNET was recently in trouble for bypassing a press embargo with a hacked code. They were prepared to pan the idea, but en