The pitfalls of asking an investor to sign an NDA
There’s one way to lose a potential investor before you even start: demand that they sign a non-disclosure agreement (NDA).
It happens all the time. Someone thinks they have a great idea but won’t send the pitch deck without an NDA first. They’re terrified that the “billion dollar blueprint” will be stolen by some unscrupulous VC guy.
It’s a classic amateur mistake. It means you probably have no knowledge of how the startup ecosystem works. Worse, it means my first impression of you is that you’re an idiot.