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Are there any major legalities to approaching multiple Venture capitalists at the same time?

by Nina Petrov
9 replies
Lets say you have a startup. You approach say 10 venture capital firms and or angel investors all at the same time with your proposal or whatever. Would there be any legalities that you'd need to factor into that? I don't see any harm in doing that but I'm not a lawyer.
#approaching #capitalists #legalities #major #multiple #time #venture
  • Profile picture of the author ryanbiddulph
    If you are pitching an idea Nina and nothing is being signed - no contracts, etc - I cannot see any legal problems with pitching 1 idea to 10 angel investors. Part of the shopping process.
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  • Profile picture of the author ChrisBa
    I wouldn't think so. But you should consult a lawyer.
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  • Profile picture of the author cjsparacino123
    well you could pull a chris and figure it out later lol
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  • Profile picture of the author agmccall
    Originally Posted by Nina Petrov View Post

    I don't see any harm in doing that but I'm not a lawyer.
    Then you should probably speak with one, because 99% of us are not either

    al
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  • Profile picture of the author Brent Stangel
    because 99% of us are not either
    I played one on TV once!

    How Venture Capital Works

    What venture capitalists look for: Six things VCs want to see before they invest.
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  • Profile picture of the author Gambino
    I recently secured seed funding for a start up. It's not easy. In my experience, they expect you to contact multiple people/firms when you're in this stage. Business people understand not putting all of your eggs in one basket. I had a lot of success on Angel.co and Twitter.

    There was a recent story where one start up was taking funding from 2 venture capitalist firms under two separate business names with the same people doing the same work. I wish I could find the story. Stuff like that can get you in big trouble, but just sharing your idea and gauging interest shouldn't. If you start signing deals, then you may want to consult a lawyer.
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  • Profile picture of the author Nina Petrov
    that's kinda what I thought.
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  • Profile picture of the author ZephyrIon
    Shouldn't ask those kinds of questions here.
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  • Profile picture of the author writeaway
    Don't sign any NDAs

    Some will try to trip you up with NDAs
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