Thoughts from Steve Blank, Chris Dixon, John Greathouse, and Jason Lemkin on this topic.
· Steve Blank http://www.steveblank.com
“Worries from the garage
One of the worries I hear from entrepreneurs (not just my students) is that Customer Development means getting out of the building and sharing what you are working on. What if, gasp, someone steals my idea? Then all my hard work will be for nothing.
This actually happened to me twice in my career.”
http://bit.ly/fCzNAt Steve Blank – Someone stole my startup idea Part 1
http://bit.ly/hUUOS8 Steve Blank – Someone stole my startup idea Part 2
http://bit.ly/gkKBac Steve Blank – Someone stole my startup idea Part 3
· Chris Dixon http://www.chrisdixon.org
http://bit.ly/e2HpyL Chris Dixon - Why you shouldn’t keep your startup idea secret
“The handful of people in the world who might copy your idea are entrepreneurs just starting up with a very similar idea. You can probably just explicitly avoid these people, although by talking to lots of people your ideas will likely seep through to them.”
· Jason M. Lemkin CEO @ EchoSign esignature
http://b.qr.ae/f0Ne8y from Quora - How do entrepreneurs & startups deal with the risk of getting their ideas stolen when pitching to angels & venture capitalists pre-launch?
Lot's of good responses but see Jason Lemkin’s answer which ties back to Steve Blank’s comments in his “Someone stole my startup idea” blog series.
“However, what they can do and in fact often do – no matter what they say – is forward what you give them in PDF or other soft copy to a competitor” ……”This is actually much more troubling than stealing the idea for your company [meaning the VC’s would steal your idea and launch a company], as what you probably are in fact doing is a novel take on an old/known idea, and the most successful aspects of that novel take are likely non obvious (or they would have already been done).
· John Greathouse VC http://infochachkie.com
http://bit.ly/dRjDrC Spilling the Beans - When is it safe to talk about your Entrepreneurial ideas?
“As noted in Your Personal Pitch [see blog post], entrepreneurs must take chances and judiciously discuss their ideas, plans and dreams in order to bring their adVentures to life. If an entrepreneur does not share her thoughts, it will be impossible to marshal the necessary resources, recruit investors and inspire employees to join her adVenture.
Simply talking about your idea is seldom risky. As long no propriety information is disclosed, such discussions will almost never result in adverse consequences. However, as noted in the discussion of Big Bad VC, below, you must consider the capability of your audience (and their surrogates) to take advantage of your idea when deciding with whom to speak and how much detail to include in each discussion.”
· Chris Dixon
Just a cool blog post on startup ideas…
http://bit.ly/ib6C48 – Developing New Startup Ideas
Food for Thought.