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by zaroth
4117 days ago
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What confidential material is the investor providing you that you are afraid you might have to disclose in the future? NDAs don't prevent you from disclosing your own confidential data. It prevents you from disclosing someone else's confidential data. Basically the only thing you're looking for in the NDA is that only explicitly identified as confidential material is covered, for how long, and who can you tell. It sounds like you might be confusing non-compete with NDA. An NDA can't prevent you from entering a market because a market is not confidential by definition. |
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If the investor is introducing you to a portfolio company and disclosing data that you would not otherwise be able to obtain solely so you may enter into a developing market and/or sell to his/her other portfolio companies creating said market, it is potentially not as cut and dry. It is the place I would think only an attorney would be able to really answer with some authority.
Either way, I still stick to if you already feel the investor isn't a net positive then you should walk away. Just remember, you can be 100% in the right, still get sued and have to prove your way out of it. Do you have the cash to deal with that? Is the investors market that lucrative it would be worth a potential risk there? My guess is no.