Don't Let Your Idea Get Stolen!
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- čas přidán 17. 06. 2024
- I’m so afraid somebody will steal my idea - a co-founder, a developer, an investor or somebody else is going to steal my idea.
In this video, we talk about ideas, probably the most overrated subject in Startups. This is one of the most requested videos, the comments on CZcams are full of questions about this - so here it is.
We talk about what you can and should do and finally in the video we look at what you can do to protect your intellectual property legally. We look at Non-disclosure agreements (NDA), Patents, and Trademarks.
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One of those days I feel like I can take a breather because this person really knows the mindset of a lone wolf, lone developer who is working on an app, and his contents are just damn amazing. Every single one of his contents are hitting me home, esp when I am just doing some pre-launch marketing stuff. But still, I gotta stop binging his great content and start working on my website content. Thank you sir, for all the great advice. If I could be your disciple, I would.
Very glad to help, now go build something!
The simplicity and clearness of the delivery is simply genius..
Thank you for the kinds words, much appreciated!
This video couldn't have come at a better time... thank you brother!
Thanks, glad it was helpful!
Hey, thanks for your work on these videos. Perfect timing for the advice I need at this time
Glad to hear it!
Great Idea to talk about execution. The key to success is to start NOW but the other key to failure, is to keep wondering if its a good Idea!
NOT how the world works? You said in the video, everyone steals from everyone. Trace the origins of Shark Tank, it's an idea a friend and I pitched to someone from Mark Burnett's production company. She told us they weren't interested and, a year later, my friend called to congratulate me on the show. I had no idea what he was talking when he said my show was on the discovery channel. Guess who was listed as a producer? Yep, the same woman we pitched the show to. It's morphed 3-4 times over different networks and is the same show as Shark Tank. It's happened 2 other times and, each time, someone "in the know" says not to worry about it.
I can't your full story and sorry that you've had some bad experiences. I will say though that Shark Tank launched in 2009 so you must have pitched them in 2008. The original Shark Tank is Dragon's Den from the UK and it launched in 2001, 7 years before you spoke to them.
@@RawStartupThat's awfully presumptuous, to simply assume you know when we pitched based upon some random production date of another show. We pitched it in the mid 1990s and, as I said, it was at least 3 other shows in the US prior to resurfacing as Shark Tank in 09. I didn't mean to imply that SHARK TANK was my show but the first one, produced in the mid to late 90s, absolutely was and I believe the second show that resurfaced under another name at another network also had the same woman listed as a producer. Maybe research that while you're in such a hurry to prove that someone else had the idea first. Perhaps someone else did, but the producer who was involved in the first 2 iterations, did not.
Something like that also happened to someone close to me. Network producer and exec took a meeting, said they weren’t interested, 9 months later that exact show was on tv with another name. His advice on this channel is overall great but not for the entertainment business. It’s ugly, cutthroat, and everyone is out to secure the bag, legal coverage is an absolute must.
Thank you for these vids. They are down to the brass tacks but still entertaining. I appreciate your sense of humor very much-!
Glad you like them!
I am currently about to disrupt the whole world with my idea...... but im scared. I dont wanna lose my idea via theft
Good luck at least you know what I would recommend
Actually to over-execute is the most honest what you can say about enjoying startup reality. Iterations/time is important indicator from our experience because pace is crucial for really innovative products. Even “eureka” ideas are just a base for whole product development journey with witch you will be able to create a competitive option for Users.
Thanks for those words about “coming out”! I found them at the best possible moment in our project! Real and honest insiders sight is priceless and it’s more than fair that you share it 🙋🏻♂️💪
Thanks appreciate the kind and thoughtful words
4:09 "You think you are such a bloody genius" 😂😂😂😂😂😂😂😂 Perfect! I'm bingeing your content. It's perfect!
Thanks 🙏😎 turns out we're mostly not geniuses.
I love your down to earth style. It's an awesome talent.
Thanks appreciate it!
Such a helpful reminder...love the straightforward / no bullshit style. Massive thanks Heini
Thanks glad you liked it, yes always no BS
Fully agree, execution is everything.
Yup that is where it is!
Thanks for all the content! I’m quite new in this start up scene and your channel has been very helpful! Hopefully some day you are using our app🤔😁.
Thanks, welcome and glad it is helpful!
Great perspective!
Thanks!
This is why I love your videos you do y sugar coat anything
Thanks glad to hear - yup no sugar coating here!
Awesome point Sir. 👍👍
Thanks 👍
Luv Luv as always. Thank you.
Thanks 😊
Thanks Heini
I guess we could also design product with Defendability at its core, like a Network of some sort.
Difficult though but worth it.
True, but yes that is the way forward! Agree not easy.
I hope the people with the same idea as me don't see this video.
I guess you'll know when you know...
Always protect your idea.❤
Many people together can come up with an mediocre idea. The few come up with the golden ones. Just like if your business has no market there's probably no problem, if everyone has your idea it's probably not a good one.
The fact that everyone has the same idea might well make it great, but probably also more competitive.
Thank you so much for this videos. It has helped me learn alot!!!! ❤🔥📈
Sir, are there any videos on how to make the privacy policy of the app? & are there more ways to protect it legally & more of such videos?🤔
Sir, I hired a developer and have made him sign a NDA & Terms of service agreement. Will that suffice??🤔🤔
PS- can't afford patents, already got a trademark & i understand that ideas are not unique and am ready to risk it all, but i just wanna make sure everything is being done within legal framework
There are processes as well. These are a different breed that often do require an NDA. Ideas that anyone and everyone can have are just that.
Singularity
Be the Best at what You do
Yes we should really try that
In biotech streaking can happen so better protect it. My idea tried to be stolen but had good people and had grants in them with international presentations
In healthcare and biotech it certainly can, so yes be careful.
I'm a small insignificant Artist and have been working on a new collection for about a year and plugging it online since the beginning of April, yesterday I found out that 6 days ago a local gallery, that I have even had a show in, has taken my title and used it for a competition and invited every artist from the area to paint what my new collection is about for themselves both collections are due to be opening in September.
I know many of the members at the gallery and we belong to the same on line art groups etc and I just don't know whether to try and out advertise and over shadow theire comp or confront them.
I know I will come off as petty if I aproch them but stealing my idea was way more petty.
I'm quite heart broken about the whole thing, months of work and money just trampled on by people I know, I don't do emotion but I really do feel like crying which is strange because I'd usually prefer to punch.
Very sorry to hear this, sounds very unfair. Not sure how to help you, but wish you all the best.
Dear Heini, congrats for your channel. I just subscribed and it's helping. In my case, it's a bit different. I'm bootstrapping and my two awesome ideas will go to market in about a month. I still have some budget for a little bit of marketing, but obviously not to bring them to their real potential. As the potential users of my 2 apps are practically every traveler in the world and practically every driver in the world. The potential is huge. And yes, I fear that my existing products will be copied as soon as they hit the market and become public. As you say, I need to make sure I out-execute my copiers. What would you do in my shoes? Thanks in advance.
Get them out there and move fast. Bootstrapping is great too and there isn't that much venture capital out there right now. That might be an advantage for you. So get out there and move fast!
@RawStartup Exactly what I had in mind. So glad to see it's also the experts opinion. Thank you Heini.
Im starting to execute today!
Yes! Go Build Something!
This was good advice in my situation but I'm still unsure should I first conduct a customer research where I ask from potential customers what they think about the idea or develop a pilot version of the app?
Great, I would always start with the customer. Learn from them and build whatever you think solves their problem.
Lol, this was the exact video I wanted to find.
Great I'm glad!
This is exactly what a thief would say
Sadly, two of my ideas already have been taken
Well then you go and do it better
Most of my Ideas have been taken, but oh well". Privacy has got us by our pockets, surveillance cameras are everywhere.
what can you do about it, i aint going to stress about it no more, Peace of Mind os Priceless, when all i ask the Big Guys is a simple Gift card of Appreciaton. "No need to say More"
"Thankful either way"
Rather be small than deal with all the paperwork-
"I rather stay below, than have you staring up at me, is no where i want to go"-JF
To the contrary, i hear stealth startups. This means, some people prefer to keep and execute ideas secretly as much as possible. I might be wrong. Would like some expert opinions on stealth startup.
Thanks yes some founders do a stealth Startup. I'd say in some rare cases it does make sense but usually you need the users/buyers help to build a product. That is hard to do if you're stealth.
I’ve heard it’s a bit different in more mature industries (75-150 years or older)
Yes that is probably right, focus here is really younger companies.
he didnt borrow the idea from the twin brothers, he fucking stole it, but its mark he can do whatever he wants
I have an idea how can I get started? Could you help
That is for you to figure out, but try and test the idea here czcams.com/video/NwyW46josFM/video.html
Camera 2 was way too honest :)
Yup sometimes honesty can be painful 😎
My brother stole my idea. Trust me they will!
❤
I disagree with you here. We are not exposed to the same ideas at the same time. This is because everyone has their one unique perception of what they are experiencing. That perception is combined with the persons own life experiences and learnings and that is how they create their thoughts. 10 people could watch the same movie. 5 may think "I want to be a firefighter" 2 of them know fire fighter. 1 of them has read enough information to come up with a GOOD idea. Ideas are common just like execution is common. GOOD ideas and GOOD execution is not. You can't turn a pile of garbage into a spaceship no matter how many elons you have in the room who execute very very well because the idea is a bad idea. This is also why a fantastic idea doesn't need a rocket scientist to be able to execute it, while a bad idea needs someone exceptionally skilled to do so. Another example is a new driver can drive a self driving car (the car is the idea, the driver is the execution skill), but you need a very skilled driver to drive a bad car with lose handling.
I just think we disagree here, I believe great execution can turn a mediocre idea into something good and bad execution can't even make anything out of the best idea!
@@RawStartup This is also just a matter of the industry that you are in. A medical device startup in high-tech development and in a patent process has to be careful vs. App developer making dating app for hamsters...
I agree with you
@@RawStartup this is my perspective:
Terrible Idea + great execution = okay results
Great idea + terrible execution = good or great results (the idea can sell itself if it's good enough)
Terrible Idea + terrible execution = terrible results
Great idea + great execution = great results
Everyone can execute. Only some execute well. Everyone has ideas. Only some have good ones. Good execution on bad idea = big fish small pond. Good execution on great idea = big fish big pond.
If you look at a lot of the various successful startups vs the ones that don't make it you see it's generally a great idea at the forefront. Even the best executor in the world needs a market for the product. When the idea is terrible then they have to pump more money to try to make it work. If there's no market the idea itself is terrible. 20 Elon's can't sell a pile of trash to people willingly. This is Also why it's hard for the best executors in the world to make lightning strike twice.
You would think if it was purely the execution over the idea then the best executors in the world would never run out of work and consistently turn terrible ideas into unicorn companies. The idea itself is paramount first in my opinion otherwise there's nothing to execute on.
@@eagleeye5520 thanks
Great advise, just out execute everyone👌🏻
Thanks, simple, but not easy!
Threads stealing twitter idea 😂
Indeed and make sure you subscribe there might be a video coming 😎
So sorry but I know the value of my idea and it is unique and if anyone had had the same idea as me at the same time it would be on the market already
Great, good luck with it! Let us know when it is launched!
Same as you . I have it now for like 8 years . And i can't see it in the market
Tik Tok is just Vine.
Certainly some inspiration from there, but I do think they brought a lot of new ideas too.
"Some ideas are way too big not to come into conception" - The Met//arch @ScryptWars
Yes that is true
It's been really interesting watching your video's - lots of good stuff !!! - I actually do have a unique idea haha - I've owned my own ad agency on and off for 30 years however i have an amazing concept that i have not been able to tell anyone about, I have spent about a year on R&D went to many countries to test this business model and it's so successful I had to take video of people reactions as my case study - I've spent $250k from my agency developing air tight marketing strategy branding and everything ready to go to market. It's a B2B company not B2C hence reason I actually think i do need a NDA before telling anyone. I also need seed funding to purchase a business asset ( this asset also does not depreciate in value it actually has a growth rate YOY of 18% i currently read on Forbes economy. I'm also going to be launching in the fastest growing business sector growing 27% each year and it's still in it's infancy.Also this ties in to the 2nd fastest new industries Globally, with an audience watch of 300 million viewers every week I'm ready to go to market should i take a NDA but explain to them the industry sector - I'm sure as soon as they realise what area i'm in they will understand. What do you suggest ? Thank you in advance Graham
Thanks, I would like to help, but it is just too hard with so little information. Generally I would try and get the product our there as quickly as possible though.