[cosmo7]

Wow, Hacker News is playing by Fox News rules.

The warning is to avoid situations where someone has sent intellectual property without legal basis and then feels that that property has been misappropriated. It's entirely normal for a VC to not want to hear secrets until a relationship is established precisely to avoid the possibility of being suspected of stealing ideas.

A better headline would be Google Ventures Launches with "Don't Tell Us Stuff And Then Try To Sue Us" Caveat.