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RE: Business Plan competition V2: You must sell a service and you must incorporate a token into the design- 500 Steem and 1000 ENG prize pool.

in #money6 years ago

Precisely. I think people sometimes get caught up in their own ideas and think they're going to change the world or be stolen. I am not ashamed to admit maybe 7 years ago I kind of thought like this. I built things in secret because I was so afraid of my ideas being stolen.

I actually discovered later on that telling people your ideas and as many people as possible leads to a better end result, as your feedback pool deepens substantially.

There is a reason most companies and venture capitalists refuse to sign NDA's from starry eyed start-ups and developers, because nobody makes an acquisition or investment into an idea.

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.....i see your logic, now see mine.

If your idea is already a few steps ahead, its fine to share.

No idea is unique , everyone ispretty much doing everything .

However, from experience, its best to speak with private investors and keep part of your plans secret until you're good to go.

There is a reason companies secure patents before releasing a product .

Running a business is hard, especially when one has little cash

If it were $1m up for grabs, then i would be inclined to risk sharing it to the world.