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Can You Trust An Early-Stage VC With a HIR and EIR?

alexstechthoughts.com

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Re: Can You Trust An Early-Stage VC With a HIR and EIR?

#11

Post by Ataub24 »

itsprofitbaron wrote: post #7

I think you can trust VC firms because they are incentivised to not steal your idea. In fact, they see that many ideas there will probably be 4-5 entrepreneurs pitching them the same idea potentially with the same/slightly different spin on it. By incentivised , I mean that if a VC firm is known to steal ideas then entrepreneurs, will generally avoid them (especially if the VC firm that stole the idea was an early-st…

Definitely. Thanks for this. The post was specifically early-stage - and it isn't the VC that would steal it - it's the HIR and EIR - the VC would still fund it, but just their guys/gals. But everything you said makes a lot of sense.

Re: Can You Trust An Early-Stage VC With a HIR and EIR?

#13

Post by greghinch »

If the team is good, no amount of competition will kill a company with a good idea. Think about it this way: how many great products and services do you use that have no competition? If your idea and team are worth investing in, then no one will be able to stop you by "stealing" the idea.

Re: Can You Trust An Early-Stage VC With a HIR and EIR?

#14

Post by funnyguy123 »

Ataub24 wrote: post #12
funnyguy123 wrote: post #10

Please stop writing this sort of junk: "Ideas are valueless, it is all about execution. Anyone who says differently is either misinformed or unable to execute."

super constructive. thanks.

If you're going to take such a dogmatic stance in your writing then you should be prepared for the criticism. I don't think anyone is interested in rehashing the debate about the value of ideas on this thread. Suffice it to say there are plenty of very well informed people who have built companies and believe that ideas are valuable and worth protecting. So when you demean your audience by suggesting otherwise you can expect people to take offense, dismiss whatever else you have to say, or both.

Re: Can You Trust An Early-Stage VC With a HIR and EIR?

#15

Post by camz »

funnyguy123 wrote: post #14
Ataub24 wrote: post #12

Earlier quoted context omitted.

super constructive. thanks.

If you're going to take such a dogmatic stance in your writing then you should be prepared for the criticism. I don't think anyone is interested in rehashing the debate about the value of ideas on this thread. Suffice it to say there are plenty of very well informed people who have built companies and believe that ideas are valuable and worth protecting. So when you demean your audience by suggesting otherwise you ca…

The fact the author expresses his personal opinion shouldn't be an issue for a reader because they avail themselves to his thoughts by reading the article. He's allowed to write what he wants and more importantly believes. Either constructively rebut the issue or ignore it.

Re: Can You Trust An Early-Stage VC With a HIR and EIR?

#16

Post by arbuge »

I was an EIR once. The thought of copying someone's idea never even vaguely occurred to me - indeed, I was taken on board to further develop a preexisting idea. May not be true at less reputable venture firms, but in general the maxim of not worrying too much about people stealing your idea still applies.

That said, it's the first time I hear of HIRs, and I don't think retaining such people at VCs makes any sense, precisely because this concern seems more real. It's cool if the VCs themselves have hacker backgrounds of course, but having a full time hacker on board is another matter.

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