Forgo the NDA: Find Support Where You Can
The third thing, and I’ve already alluded to this a bit here, is you really need to - in my case I found it very, very helpful to get support from people. Involve people in your problems. So many entrepreneurs sit down and say, "Ok, I've got this idea I'm going to keep it secret." Right? I can't tell you how many people to come to me and say, "I want your advice, Jeff. You're a successful entrepreneur, I want your advice. But I need you to sign this NDA, or I can't tell you what the product is." What, are you crazy? You should be telling everybody what you are doing. You're trying to get anybody to listen to you, you should be happy about that. My favorite story - I'll probably get in trouble saying this on tape. But anyway, a good friend of mine is Dean Kamen, brilliant guy, a really amazing guy. I don't know if you know him. He's an incredible inventor and he was the guy who invented that wheelchair and this infusion device for diabetics and he also did the Segway. Well, before the Segway came out, Dean called me up and said, "Jeff, I want to come talk to you about a new product." So he brought this whole team from his new company, which was unnamed, which turned out to be Segway. And they showed up in my office one day, like eight of them, and they said, "Ok, Jeff we're going to grill you about how you introduce a consumer product." I said "Ok, what's the product?" "I can't tell you." And I said, "What category is this in?" "We can't tell you." "Well, can you say anything about this product?" "No, we can't tell you anything about the product but we want to know keys to success." And like, they say it's going to be expensive, Oh great, that's really helpful. So I couldn't really give them any advice. If they'd just told me that it was a two-wheeled thing like this, I could have had a whole bunch of ideas. I would say, "You know what, you have trouble here, you have trouble here, you're going to here." It's like this. I always have ideas. As soon a...
Please note that Find Internet TV does not host any videos or allow users to upload videos. The video is provided and hosted from a third party server. The source is noted to the right of the video and depending on the source, the author and copyright may be listed as well. The information provided here is aggregated from the source and provided by video search engines. Find Internet TV does not host and is not responsible for the content.