After a phone call, I had my first meeting with a VC 2 weeks ago. He sounded very, very positive, wanted to send me a contract w/ a term sheet etc; and since he has been pretty unresponsive and non-committal...and i'm questioning how much I should have shared...
Now, I have another big meeting this week with a more prominent firm, and I'm curious if it's viable to walk in, share the market research, the size of the opportunity, why competition has failed, and then only show some of my solution. I don't want to continuously disclose my unique approach to everyone with cash... Anyone have any insight to this? It seems like VCs have all the power, and can do what they want with your ideas (like pitch it to their portfolio)...Do they ever sign NDAs up front?
Thanks!