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.

🖖🏻 I’m building out loud. Subscribe here: https://philmorle.medium.com/subscribe or follow me on Twitter @philmorle

Read this post and more on my Typeshare Social Blog

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Phil Morle

Phil Morle

2.6K Followers

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