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Thoughts needed on new start-up.

S_8890

PARKED
Jul 31, 2019
1
0
1
Hey guys! Just found the community and thought I'd get some insight on the following:

I’m in the process of starting up a company that would let you safely capture and share (under NDA) your idea and store it on the blockchain - making it immutable and essentially provable in court that it belongs to you. All communications - including the very inception of your idea (a PDF, photo of an idea you scribbled onto a napkin at a coffee shop, word doc, etc) can be vaulted into the blockchain, along with evidence of who you've shared it with. It can never be tampered with and can be tracked only by you.

So I'm curious: Have you ever been too paranoid about sharing an original idea you’ve come up with? How have you protected said idea in the past – whether it’s sharing it with colleagues, friends, potential collaborators - all without the risk of it being stolen? Any struggles or bad experiences you've had with this?

Open to any and all feedback - happy to answer questions as well.
 

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JScott

Legendary Contributor
EPIC CONTRIBUTOR
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Speedway Pass
Aug 24, 2007
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What good is proving an idea is yours? Unless some part of that idea is legally protected intellectual property, someone can steal it without consequence. Storing it on the blockchain provides a nice record, but I don't see how it provides any protection.

Unless I'm missing something fundamental here...
 

Jaden Jones

Igloo Builder
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Aug 22, 2018
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I get the idea of it, but how would this become part of the legal system? I can prove an idea was mine in other ways, but that doesnt mean its protected.
 

drpeppehr

Contributor
Jun 10, 2017
53
54
112
USA
Sounds cliche but idea's really aren't shit. Again, ideas aren't worth anything. They are worthless. They are just ideas.

Sure, ideas seem like they're valuable but after time of working on your own businesses or ideas you realize how worthless they are.

A well developed plan, backed with relentless execution and discipline is the game.
 

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