How to share a pitch deck without an NDA?
The debate about asking for NDAs is an old one. Yet, many first-time entrepreneurs and founders still struggle with this.
They want to demand NDAs are signed before sharing anything about their startup idea with anyone.
Yet, most of the best startups don’t require them. It’s not even on their minds.
So, if you really do have intellectual property that you want kept secret, how do you get your pitch deck in front of investors?
How do you protect what’s valuable and you fear will be stolen and still raise the funding your company needs?
Are NDAs a complete waste of time, or worse? What other options for controlling your pitch deck and data may work instead?
The Purpose Of A Pitch Deck
To get clarity on the value or detriment the concept of NDAs have when it comes to fundraising, it pays to first get clear on the foundational question of what’s a pitch deck for anyway?
Of course, one of the main reasons to create a pitch deck in the first place is to get investors to put in their capital. Though it is certainly no longer the only reason to build one.
A pitch deck is all about getting your company and product idea in front of people.
Considering that it can often take dozens or hundreds of noes to get to a yes, the more people that can see your deck the better, right?
If viewers can share that with others, and come back and view it again if they are interested and ready to make a funding decision that should be great.
Making it too difficult, time-consuming, and not streamlined may be problematic.
Often, secondary purposes of creating pitch decks are simultaneously, to boost branding, product visibility, to get people engaged, and even to make sales.
To accomplish these things, it needs the maximum possible visibility and needs to be brief, exciting, and actionable.
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