RoyalPoison
PARKED
- Joined
- Aug 3, 2013
- Messages
- 5
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$25
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I am in the very early stages of learning to code. I do not plan on coding my software idea to the fullest extent whatsoever. My intentions are to be able to understand the basics so I can communicate with programmers about what I want.
So, here's my dilema: I have an idea for a HUGE (in size) piece of software that fulfills every bit of need, entry, and every other commandment of entrepreneurship - I know this idea is gold. Since I can't code the software, I need a programmer and eventually capital. I have bounced the idea off some of my close entrepreneur friends, and one even suggested I take part of his incubator at a major University to receive investments from a VC firm. My problem with that idea is since I don't have a MVP, I'm sure the VC will want control of the idea (breaking commandment C). In addition, since I have such a passion for the 'need' part of this software, I don't want it to become adulterated by a large company thus minimizing its value to the customer.
Yesterday, I had a telephone discussion with a very well known entrepreneur who is a long-time programmer and co-founder of a company that I'm positive that everyone on this forum knows very well. Needless to say, this person has the programming skills and the capital to accomplish this. To boot, this person has the same passion for the 'need' aspect of the idea as I do and lives 10 minutes from my house. Over the phone, the entrepreneur asked me to tell him what the idea was because he, 'gets pitched crap all the time and is a very busy person'. While I completely understand his position, I can't just simply tell him what it is. I asked if we could meet under a NDA and discuss things. He said sure if I want to pay the exorbitant fees for his lawyers to go over the NDA and whenever he has time (which won't be for a while). He suggested I email him and we left things at that.
So, here's my question: I realize that it's very difficult to protect software IP since the laws aren't really specific enough yet and I absolutely want to prevent a FB occurrence, becoming a third 'twin'. Other than hoping for the possibility of meeting in person under a NDA in the distant future letting this opportunity slip, will emailing him the idea offer any type of IP protection for myself?
Thanks for your consideration in advance.
So, here's my dilema: I have an idea for a HUGE (in size) piece of software that fulfills every bit of need, entry, and every other commandment of entrepreneurship - I know this idea is gold. Since I can't code the software, I need a programmer and eventually capital. I have bounced the idea off some of my close entrepreneur friends, and one even suggested I take part of his incubator at a major University to receive investments from a VC firm. My problem with that idea is since I don't have a MVP, I'm sure the VC will want control of the idea (breaking commandment C). In addition, since I have such a passion for the 'need' part of this software, I don't want it to become adulterated by a large company thus minimizing its value to the customer.
Yesterday, I had a telephone discussion with a very well known entrepreneur who is a long-time programmer and co-founder of a company that I'm positive that everyone on this forum knows very well. Needless to say, this person has the programming skills and the capital to accomplish this. To boot, this person has the same passion for the 'need' aspect of the idea as I do and lives 10 minutes from my house. Over the phone, the entrepreneur asked me to tell him what the idea was because he, 'gets pitched crap all the time and is a very busy person'. While I completely understand his position, I can't just simply tell him what it is. I asked if we could meet under a NDA and discuss things. He said sure if I want to pay the exorbitant fees for his lawyers to go over the NDA and whenever he has time (which won't be for a while). He suggested I email him and we left things at that.
So, here's my question: I realize that it's very difficult to protect software IP since the laws aren't really specific enough yet and I absolutely want to prevent a FB occurrence, becoming a third 'twin'. Other than hoping for the possibility of meeting in person under a NDA in the distant future letting this opportunity slip, will emailing him the idea offer any type of IP protection for myself?
Thanks for your consideration in advance.
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