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Think Big. Move Fast.

Two good posts today on why VC’s don’t sign NDAs, one from Brad Feld at Ask the VC and the other from Rick Segal at The Post Money Value.

When I was VP of Strategic Planning at IAC and SVP of Corporate Development at AOL we didn’t like signing NDAs, but we did it reasonably frequently. In those cases though, we were looking at buying companies and we were getting pretty deep into the financial and operational details of a company very quickly.

Now that I’m on the Venture side, we hardly ever sign an NDA. As both Brad and Rick point out, there shouldn’t be a need to disclose confidential information at a first meeting to determine whether or not there is interest in moving forward.