Ok – so I may have accepted and proposed at least 1000 NDA’s so far.
Each time an NDA is exchanged:
- Finance/Legal teams get involved for tweaks
- Folks from each party go thru the NDA’s carefully (hmm…do they?)
- Signatures are scrawled and then documents scanned and e-mailed
I keep wondering – what the hell?!
Do we even know where are NDA’s are stored? For deals that have gone nowhere, who has checked if the items disclosed were kept undisclosed by the other folks?
Did we inadvertently mention stuff that we shouldn’t have despite having signed NDA’s?
Do NDA’s matter or are they just a COLOSSAL waste of Money???
I think NDA’s are Toilet Paper – Today, who cares about ideas and concepts – its all about the execution…
And here I mean even revolutionary designs and ideas…even if Steve Jobs would have forgotten the entire Blue Prints of the iPod in Sony’s office or dropped off the iPhone’s designs into Nokia’s HQ – could then have made what’s out there??
Infact, the biggest IP battles fought today (Blackberry Vs. Rest of the world), Oracle Vs. Hp etc are fought post products, services and designs are launched, sold, marketed etc.
Its IMPOSSIBLE to prove what was discussed or shared or revealed in meets and mails that led to actual design and product IP infringement.
World War 2 ended in 1945 and so did the concepts of ‘secrets’. The biggest secret today is EXECUTION – and that is fought in the Open.
Just BURN THE NDA and MOVE….
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