Question

Ambika is a venture capitalist based in Mumbai. She has been approached by Dharmesh with a unique business idea of an innovative security camera, which is a highly competitive market. Before investing, Ambika requires significant detail with respect to the company’s business plan. Dharmesh is in a dilemma, as he doesn’t want to share his confidential information. From the following options, choose the correct piece of advice to guide Dharmesh in the right decision-making.

विकल्प

• Not disclose any information and wait to generate funds on his own.

• Share complete information with Ambika, as it is part of the due diligence.

• Protect the proprietary intellectual property and then share the required information.

• Share the information with a non-disclosure agreement between Dharmesh and Ambika.

Answer 1

Protect the proprietary intellectual property and then share the required information.

Explanation:

Before sharing his business idea, Dharmesh should first protect his proprietary intellectual property (IP), for example, by applying for a patent, copyright, or trademark. Once the IP is legally protected, he can safely share the necessary information with the venture capitalist. This ensures his idea remains secure while still allowing Ambika to evaluate the business plan properly.