You feel you have a great idea and are scared to tell it to
anyone fearing that the person might copy it. What should you do?
This is not the right way approach. Hiding your idea may not be appropriate because of a lot of factors.
It may not be Unique:
You may feel your idea is unique. They say that if you have this feeling, there
would atleast 10 other teams working on the exact same idea.
An Idea without Good
Execution is Worthless: Most startups fail because of bad execution.
Investors are in the
Business of Investing: A lot of entrepreneurs wonder if they should send
their pitch to investors without knowing them before hand or interacting with
them first. I strongly believe that investors are in the business of investing
and not executing.
Feedback makes a
Product Better: Without exposing the idea, you cannot get feedback on it.
Feedback is the biggest tool to make your idea better and more marketable.
Anyone can anyways Copy
once you are Live: A player with more resources can anyways copy and
implement the idea once you live.
To
summarise, just focus on your idea and your plan to execute it in the best
possible way. If you are really concerned, you can resort to ways like signing NDAs, patenting the business model (or some part of it) etc.
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