Before you leave a company, McGuigan counsels, tell a new employer if you re covered under such a non-compete. He or she may decide it s not applicable, and then it s his fight. Confidentiality is an overblown concept. VCs as a matter of course won t sign one, Jacobson said. They get so many plans, they don t want to confuse one plan for one they might have heard of.
Confidentiality is an overblown concept.
I assure you that in the Internet space, at least 500 people have the same idea you have and will finish it first. If the start-up s management signed it, the partner promised more money than if they didn t. He countered with a two-page agreement. You have to accept the reality to share information carefully, Ballantine said. More to the point, he questioned whether these perceived trade secrets are really treated as such inside a company.