you have to share your idea if you want people to come on board finance your
people to come on board finance your
people to come on board finance your investment bring on a team bring on
investment bring on a team bring on
investment bring on a team bring on suppliers you have to let people know
suppliers you have to let people know
suppliers you have to let people know what it is that you’re doing and not be
what it is that you’re doing and not be
what it is that you’re doing and not be afraid you can do some research make
afraid you can do some research make
afraid you can do some research make sure that the people you’re dealing with
sure that the people you’re dealing with
sure that the people you’re dealing with are reputable but if you hold on to your
are reputable but if you hold on to your
are reputable but if you hold on to your idea and you’re the only one who knows
idea and you’re the only one who knows
idea and you’re the only one who knows about it it’s going to die with you you
about it it’s going to die with you you
about it it’s going to die with you you have to at some point trust people but
have to at some point trust people but
have to at some point trust people but they’re going to help you and not steal
they’re going to help you and not steal
they’re going to help you and not steal your idea and run with it themselves I
your idea and run with it themselves I
your idea and run with it themselves I got a question from one of my readers
got a question from one of my readers
got a question from one of my readers who wrote in with a huge long email
who wrote in with a huge long email
who wrote in with a huge long email selva basically wants to talk to an
selva basically wants to talk to an
selva basically wants to talk to an angel investor Arlene Dickinson who’s a
angel investor Arlene Dickinson who’s a
angel investor Arlene Dickinson who’s a angel investor here in Canada has a TV
angel investor here in Canada has a TV
angel investor here in Canada has a TV show and in order to submit the idea
show and in order to submit the idea
show and in order to submit the idea it’s all online and you’re saying
it’s all online and you’re saying
it’s all online and you’re saying there’s no disclosure document so they
there’s no disclosure document so they
there’s no disclosure document so they will not sign a nondisclosure agreement
will not sign a nondisclosure agreement
will not sign a nondisclosure agreement which means that they’re not going to do
which means that they’re not going to do
which means that they’re not going to do not help in court they share their idea
not help in court they share their idea
not help in court they share their idea here’s the thing okay I used to be in
here’s the thing okay I used to be in
here’s the thing okay I used to be in the venture capital business I had the
the venture capital business I had the
the venture capital business I had the same policy we would never sign an NDA
same policy we would never sign an NDA
same policy we would never sign an NDA because we see tons of the companies out
because we see tons of the companies out
because we see tons of the companies out there with the exact same idea minor
there with the exact same idea minor
there with the exact same idea minor modifications but on the whole it’s the
modifications but on the whole it’s the
modifications but on the whole it’s the same thing and it means if by reading
same thing and it means if by reading
same thing and it means if by reading your plan I couldn’t do a deal with
your plan I couldn’t do a deal with
your plan I couldn’t do a deal with somebody else it wouldn’t happen people
somebody else it wouldn’t happen people
somebody else it wouldn’t happen people in the investment community do not sign
in the investment community do not sign
in the investment community do not sign NDA’s anybody who’s serious about it and
NDA’s anybody who’s serious about it and
NDA’s anybody who’s serious about it and they’re doing a lot of deals so you have
they’re doing a lot of deals so you have
they’re doing a lot of deals so you have to make up your mind here okay you will
to make up your mind here okay you will
to make up your mind here okay you will need to get help if you’re trying to
need to get help if you’re trying to
need to get help if you’re trying to raise capital you’re going to have to
raise capital you’re going to have to
raise capital you’re going to have to trust somebody start by doing your
trust somebody start by doing your
trust somebody start by doing your research look up Arlene she’s pretty big
research look up Arlene she’s pretty big
research look up Arlene she’s pretty big name she has her TV show people know
name she has her TV show people know
name she has her TV show people know about her see if she’s screwed anybody
about her see if she’s screwed anybody
about her see if she’s screwed anybody on a deal to my knowledge he hasn’t but
on a deal to my knowledge he hasn’t but
on a deal to my knowledge he hasn’t but if somebody has if she’s taking
if somebody has if she’s taking
if somebody has if she’s taking somebody’s idea and run with it it’ll be
somebody’s idea and run with it it’ll be
somebody’s idea and run with it it’ll be all over online you’ll find it you’ll
all over online you’ll find it you’ll
all over online you’ll find it you’ll see if you has a good reputation or not
see if you has a good reputation or not
see if you has a good reputation or not if you think about it from the investors
if you think about it from the investors
if you think about it from the investors point of view think about it from
point of view think about it from
point of view think about it from Arlene’s point of view or what I was
Arlene’s point of view or what I was
Arlene’s point of view or what I was going through whatever you’re doing your
going through whatever you’re doing your
going through whatever you’re doing your have some kind of shoot product I have
have some kind of shoot product I have
have some kind of shoot product I have no interest in running a shoe company
no interest in running a shoe company
no interest in running a shoe company I’m an investor
I’m an investor
I’m an investor I have a general knowledge of a lot of
I have a general knowledge of a lot of
I have a general knowledge of a lot of different businesses and how to run a
different businesses and how to run a
different businesses and how to run a successful company but I have no
successful company but I have no
successful company but I have no interest in starting a shoe company on
interest in starting a shoe company on
interest in starting a shoe company on my own investors don’t make their money
my own investors don’t make their money
my own investors don’t make their money by coming in poaching an idea and trying
by coming in poaching an idea and trying
by coming in poaching an idea and trying to run it themselves they make money the
to run it themselves they make money the
to run it themselves they make money the smart ones by partnering up with hungry
smart ones by partnering up with hungry
smart ones by partnering up with hungry entrepreneurs you have a great idea who
entrepreneurs you have a great idea who
entrepreneurs you have a great idea who have some experience to run this
have some experience to run this
have some experience to run this business and all we’re putting in as a
business and all we’re putting in as a
business and all we’re putting in as a capital some knowledge and connections I
capital some knowledge and connections I
capital some knowledge and connections I don’t want to run a shoe company so it’s
don’t want to run a shoe company so it’s
don’t want to run a shoe company so it’s up to you if you’re going to decide the
up to you if you’re going to decide the
up to you if you’re going to decide the trust somebody like Arlene but she’s in
trust somebody like Arlene but she’s in
trust somebody like Arlene but she’s in the same boat she has her own business
the same boat she has her own business
the same boat she has her own business Tehran she has her own investments to
Tehran she has her own investments to
Tehran she has her own investments to run she does not want to run a shoe
run she does not want to run a shoe
run she does not want to run a shoe company it’s an investor’s worst
company it’s an investor’s worst
company it’s an investor’s worst nightmare when they have to come in and
nightmare when they have to come in and
nightmare when they have to come in and run the business they’d rather work with
run the business they’d rather work with
run the business they’d rather work with entrepreneurs who are great at running
entrepreneurs who are great at running
entrepreneurs who are great at running their company and they’re coming in
their company and they’re coming in
their company and they’re coming in providing some expertise when an
providing some expertise when an
providing some expertise when an investor has to come in and take over
investor has to come in and take over
investor has to come in and take over business is because the entrepreneur
business is because the entrepreneur
business is because the entrepreneur doesn’t know what they’re doing and they
doesn’t know what they’re doing and they
doesn’t know what they’re doing and they had to save their investment and that’s
had to save their investment and that’s
had to save their investment and that’s worst-case scenario for an investor she
worst-case scenario for an investor she
worst-case scenario for an investor she does not want to run your company she
does not want to run your company she
does not want to run your company she doesn’t want to steal your idea so do
doesn’t want to steal your idea so do
doesn’t want to steal your idea so do your research find out see if she’s ever
your research find out see if she’s ever
your research find out see if she’s ever done that to anybody because reputation
done that to anybody because reputation
done that to anybody because reputation is everything in that industry and at
is everything in that industry and at
is everything in that industry and at some point you’re going to have to trust
some point you’re going to have to trust
some point you’re going to have to trust somebody otherwise the idea is going to
somebody otherwise the idea is going to
somebody otherwise the idea is going to die with you and you’re never going to
die with you and you’re never going to
die with you and you’re never going to be able to build the company that you
be able to build the company that you
be able to build the company that you deserve to have believed those are
deserve to have believed those are
deserve to have believed those are watching you like the video please give
watching you like the video please give
watching you like the video please give it a thumbs up below it makes me to do
it a thumbs up below it makes me to do
it a thumbs up below it makes me to do more for you and I want to hear you have
more for you and I want to hear you have
more for you and I want to hear you have to think please leave a comment
to think please leave a comment
to think please leave a comment underneath it always makes my morning
underneath it always makes my morning
underneath it always makes my morning when I see the comments come in and if
when I see the comments come in and if
when I see the comments come in and if you have a question for your own company
you have a question for your own company
you have a question for your own company feel free to leave it below and I’ll
feel free to leave it below and I’ll
feel free to leave it below and I’ll make a video reply for you thank you and
make a video reply for you thank you and
make a video reply for you thank you and I’ll see you soon
”
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