Potential investors aren't shown trade secrets because anything that you show without an NDA ceases to be a trade secret. "No NDA" disclosure can also block pa

Potential investors aren't shown trade secrets because anything that you show without an NDA ceases to be a trade secret. "No NDA" disclosure can also block patent protection. There's a huge difference between pitching and due diligence. Also, it's reasonably common to show a pitch deck to 100+ potential investors. How many series A companies interview 20 engineers, let alone 100?