Fred Wilson captured my feelings perfectly in his post today about Reception Desk NDAs.
Thankfully, this practice has not taken hold in Europe yet, European subsidiaries of US firms notwithstanding.
European startups, particularly their fundraising advisors, love asking VCs to sign an NDA. As I’ve written before, I think NDAs waste precious time, bring little value, and backfire on most firms trying to raise capital.
Reception Desk NDAs represent one of the rare habits I sincerely hope Silicon Valley does not export.