How to Sell Your Idea Without Fearing Someone Will Steal It
When startups look for investors, it's essential that the company put forward its best ideas, but that's increasingly being done without legal protections that prevent investors from taking those ideas for themselves.
What's the Latest?
When startups look for investors, it's essential that the company put forward its best ideas, but that's increasingly being done without legal protections that prevent investors from taking those ideas for themselves. A once-popular protection known as a Non-Disclosure Agreement (NDA), which prevented potential investors from revealing new companies' ideas to others, has fallen out of favor. It may come as a surprise that both investors and new companies often prefer the less regulated marketplace of ideas, but with sufficient self-control, new companies can protect their ideas and reach speedier business agreements without NDAs.
What's the Big Idea?
So what's the problem with NDAs? Observers of the venture capital world say that each signed NDA puts business negotiations on hold by a week as all the necessary forms are processed. "In the life of a start-up company," said Victor W. Hwang, chief executive of the investment firm T2 Venture Creation. "You might have to sign 30 to 50 NDAs. That’s a week each time and a year of holdups. The risk of going slow is bigger than the risk of being copied." Besides, venture capital firms must live on their reputation and startups, which come to the table looking for their next meal, are rarely equipped to fight the kind of legal battle that accusations over stolen ideas requires.
Read more at the New York Times
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Here's the science of black holes, from supermassive monsters to ones the size of ping-pong balls.
- There's more than one way to make a black hole, says NASA's Michelle Thaller. They're not always formed from dead stars. For example, there are teeny tiny black holes all around us, the result of high-energy cosmic rays slamming into our atmosphere with enough force to cram matter together so densely that no light can escape.
- CERN is trying to create artificial black holes right now, but don't worry, it's not dangerous. Scientists there are attempting to smash two particles together with such intensity that it creates a black hole that would live for just a millionth of a second.
- Thaller uses a brilliant analogy involving a rubber sheet, a marble, and an elephant to explain why different black holes have varying densities. Watch and learn!
- Bonus fact: If the Earth became a black hole, it would be crushed to the size of a ping-pong ball.
Protected animals are feared to be headed for the black market.
In a breakthrough for nuclear fusion research, scientists at China's Experimental Advanced Superconducting Tokamak (EAST) reactor have produced temperatures necessary for nuclear fusion on Earth.
- The EAST reactor was able to heat hydrogen to temperatures exceeding 100 million degrees Celsius.
- Nuclear fusion could someday provide the planet with a virtually limitless supply of clean energy.
- Still, scientists have many other obstacles to pass before fusion technology becomes a viable energy source.
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