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Do VCs Ever Sign Mutual NDAs with Startup Companies?

Are there situations where VCs sign a mutual NDA with a startup company or do VC firms generally not sign any NDAs at all?
2 See in Base
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VCs typically don't sign NDAs. Given how many deals they see, it's just not prudent to so usually. There are exceptions to all of this of course, but it's uncommon.
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If a company provides investor materials marked confidential you may want to decline reviewing the materials until you have come to an agreement on your legal obligations and ethical considerations.

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