What must one do to safeguard his invention or startup ideas?
If it is a really innovative idea, I would recommend patenting the technology. If it is regular idea, then it is very difficult to grow beyond a point . in silicon valley, the only way to grow beyond a point is to get VC funding. It helps in 2 ways. One it provides a way to finance growth and second it provides insights into markets, eventually opening new doors to potential customers, something that makes business sustainable in long run. I would like to give you 2 examples. 1.) Snapchat. Every new feature they introduced was reported to be copied by Facebook. This meant 2 billion users that Facebook had , have no reason to make a Snapchat account as they already have all the features of Snapchat along with contacts and features of Facebook , on Facebook. What do you think chances of Snapchat are to acquire new users? 2.) Microsoft- quoting Bill Gates talking about initial investors. “The reason we got investments was not because we needed money but what we needed back then was m...