Should I Disclose my Idea?

You feel you have a great idea and are scared to tell it to anyone fearing that the person might copy it. What should you do?


This is not the right way approach. Hiding your idea may not be appropriate because of a lot of factors.

It may not be Unique: You may feel your idea is unique. They say that if you have this feeling, there would atleast 10 other teams working on the exact same idea.

An Idea without Good Execution is Worthless: Most startups fail because of bad execution.

Investors are in the Business of Investing: A lot of entrepreneurs wonder if they should send their pitch to investors without knowing them before hand or interacting with them first. I strongly believe that investors are in the business of investing and not executing.

Feedback makes a Product Better: Without exposing the idea, you cannot get feedback on it. Feedback is the biggest tool to make your idea better and more marketable.

Anyone can anyways Copy once you are Live: A player with more resources can anyways copy and implement the idea once you live.

To summarise, just focus on your idea and your plan to execute it in the best possible way. If you are really concerned, you can resort to ways like signing NDAs, patenting the business model (or some part of it) etc.

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