NDA? You need a PDA!

In venture capital, a common question is whether or not to share a deck or initial presentation without the other party signing an NDA — a Non-Disclosure Agreement.

INVESTORS WON’T DO THIS. We hear thousands of first pitches, often with similar companies. Signing NDAs at this level would be impossible for a VC to function.

Your first encounter should not reveal details that concern you if they are shared.

In fact, you need a PDA!

PDA — Please Disclose Agreement

Create an introduction to your company that everyone is excited to share.

Write in the footer: “Please feel free to share this pack with anyone you think would be excited to join our mission.”

That’s it. You’re done.

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Phil Morle

Phil Morle


Deep tech VC — Main Sequence Ventures. Ecosystem builder. Maker. Director. Startup Scientist.