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I think people are generally way to over paranoid about this. In my field of quant finance this is particularly acute. People refuse to talk about even what mar
by dcolkitt 5y ago
I think people are generally way to over paranoid about this. In my field of quant finance this is particularly acute. People refuse to talk about even what markets they’re trading for fear that their competitors will steal their edge.
I’ve seen enough to know, that your secret sauce probably isn’t as secret as you think. Even in the ridiculously tight-lipped world of quant trading, it turns out that everyone’s mostly doing the same few basic ideas with not much more to distinguish than a few peripheral variations here and there.
In general execution ability, not having the best idea, tends to be the main driver of which teams win. If a third party does think your idea is brilliant, then stealing it from you is a pretty moronic way to capitalize on it. You’re creating a motivated competitor from day one who by definition has a lot more domain expertise.
It’s much simpler to just cut the guy a check for equity in the company.
- Andy_G11 5y agoMight be different for different fields: if a firm with initially lower domain expertise but greater development & implementation resources can get sufficient understanding of a good idea to generate a practical solution themselves, they might gamble that by the time the originator of the idea gets the funding and resources to be of any significance in the market, they will have achieved a runaway lead with their mimicked version.