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How do you protect a brilliant idea when founding a startup?

Answer15 hZWZmZhgmm-YlZuExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5eTlYad2Z5om1vFxtbS1sWamYhsz2yWca3j
Minh Nguyen's picture
1315464931

Everybody says before inception you should talk to as many people as possible and get as much feedback, true, but do you think any measures should be taken to ensure no one grabs your precious idea under your nose? Should some ideas better be kept under the radar?

Answer15 hZWZmZhgmm-YlZuExaBkb-GkoGOYcFLJpMWoq4DHo5ifmatXc6xsmGVrUr98qKellJ--oJ_Tj6PNo5mMrs7PxrDF3N-wn8KdpcbWzNPUU3DZa55siJyl1JvYnqemiHCnbWVtb1qlm9CVcpPXoaWgfYeArlVx12ptnlqkkdTG0dSGn8Ogl2rcrJ6Uk52Gy5-pz6XfkdqvoMtan6hycKBXpaiZrKmhqKCHa6RqnHJYl6OnnNaslc2UWZ-rbmOch5eTlYad2Z5om1vFxtbS1sWamYhsz2yWca3j

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  • Pho Pham's picture
    Pho Pham
    1331117154

    From IDGVV, we have not funded 1 idea to date. We have only funded companies and people who have executed well on ideas - sometimes ordinarily sounding ideas, like how to publish games in Vietnam or how to map the streets. Do share to people you trust, or as Thanh said, share with people who are experienced in that sector - because chance is you'd need a partner who believes in the same idea. And please don't ask investors to sign NDA. "If they are willing to sign your NDA just to hear your idea, you probably wouldn't want their money" (Guy Kawasaki).

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  • CSABA Bundik's picture
    CSABA Bundik
    1333514001

    If you have only an Idea, you lost. Idea itself rarely generates money. But if you have a value proposition, business model, team, promising market, sustainable competitive advantage you can answer a "market pain", besides you are HARD working entrepreneur, it's feasible, you can be successful. One advice: Talk about WHAT can you solve, and keep for yourself HOW. Best, Csaba

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  • Hòa AM's picture
    Hòa AM
    1315476863

    Like any other matters, telling an idea to friends always comes with "Risks and Benefits". While you gain the BENEFITS such as some good advices, you may be facing some RISKS as your business idea is likely to be stolen. SO, just consider what you may get and what you may loose to act.

    You should tell the idea to your closed friends and partners that you trust in. This is not always right but at least you can reduce the risks, and maximize your benefit of getting good advices.

    If your idea is unique and special, you may reserve the copyrights before telling it to other people.

    Good luck!

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  • Thanh Nguyen's picture
    Thanh Nguyen
    1315544731

    Anphabe organize an event 2 month ago about "From idea to successful business model". Most of attendance are "current employees" who have a dream to open a business someday. Many of them have the same concern that they should keep the inception idea a secret to avoid idea stealing. However ALL the speakers who are very successful entrepreneur disagree with this way of thinking. Today, to be a successful start up, there are much more knowledge that you need to know. Any only by asking (of course THE RIGHT PEOPLE - who has the knowledge and experience that you don't have and you trust their view), you can sharpen you idea and increase the chance to make it work.

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  • Phat Minh Tran's picture
    Phat Minh Tran
    1315635197

    .cơ hội thật sự không bao giờ biến mất .chỉ sợ là mình không có đủ "lực" (tài chính) để thực thi ý tưởng đó thôi .sau này bạn sẽ còn tìm thấy rất nhiều cơ hội tràn ngập trong thế giới này để bạn kinh doanh .và có thể ý tưởng đó quan trọng và hay đối với bạn nhưng đối với người khác lại không

    .riêng với mình thì rất may mắn vì có quen biết được một anh bạn trong một buổi hội thảo hồi tháng 6, và đến giờ vẫn thường xuyên liên lạc với nhau để trao đổi thông tin .vì anh ta vừa là giảng viên khóa đầu tư chiến lược, vừa làm trong ngành tư vấn, nên mình không ngại chia sẻ những ý tưởng của mình và sau mỗi buổi gặp mình cũng gặt được một hai lời khuyên rất bổ ích

    .nói chung là bạn nên tìm cho mình một hai người (cố vấn) để thúc đẩy, mổ xẻ và khuyên bạn những gì nên và không nên làm

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  • Aaron Everhart's picture
    Aaron Everhart
    1336212137

    Pascal and Pho Pham have great advice. You can learn a lot about start-ups from Guy Kawasaki. His talks are on iTunesU and garage.com. I'll add to the conversation, a summarizing angle: Everybody has ideas. Innovations are ideas worked on and brought to life. So be innovative: bring the idea to life. And the best way to capitalize on it is to move FAST. I know a group in VN running a start-up incubator, a pre-seed-capital stage; such a group can help you move your project along faster. One more thing: This is a new age of crowd-sourcing / open-source; so like Pho Pham says, it's not so much about an original idea that makes you successful, but executing an idea simply, and appealing to a granular customer segment.

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  • Trang Huynh's picture
    Trang Huynh
    1315534049

    One, you don't have to tell everybody everything. You can talk broadly about the problem you're solving. And you can give specifics that relate to the person you're talking to. But you don't have to reveal the
    special sauce to everybody you meet.
    Two, talking with people is part of how you figure out what really needs building. For any initial idea, there are many, many businesses that might get created. Just a few will actually work out. It's only by talking with potential customers, fellow entrepreneurs, domain experts, potential partners, and future employees that you'll figure out where best to start, and what to look out for as you go

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