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For me, and probably for most, it's not a matter of quitting your job in order to work on your "successful" startup - if it were already successful then there'd
by Grustaf 9y ago
For me, and probably for most, it's not a matter of quitting your job in order to work on your "successful" startup - if it were already successful then there'd be no issue at all. Rather it's about quitting while the startup is just beginning to look reasonably good, _in order_ to make it a success.
Since I've been working as a mobile developer, and also management consultant (my other career), it's always been extremely easy for me to find a new job whenever I needed, so there has been very little risk involved.
Still, it did require some savings, since our startup is very research intensive and will take several years before we see any revenue. We secured some basic funding now though, and things are looking good for the next stage too so I will only have needed 6 months or so of buffer.
In summary, my view is that if you're a reasonably skilled engineer or have some other attractive occupation, there is nothing to fear. The worst that can happen is really that your startup doesn't work, you'll go back to what you did before with a few months of missed income but with plenty of useful experience.
I don't think there are many situations or cultures where a failed technology startup attempt on your résumé would count against you in any way, in most places quite the opposite.
- ryandrake 9y agoYour (and other) replies seem to assume that the startup is something you're already doing on the side, while employed full time doing something else. Is this really that common?? Most, if not all places I've worked assert IP ownership over anything you do while employed, even on your own time. That's 100% what keeps me from moonlighting and/or starting my own thing on nights and weekends, and keeps me from contributing/consulting for friends who want help with their idea. How do you have any confidence that your startup is really yours when you could get sued by a former employer the day you quit to grow it full-time?
- fancy_pantser 9y agoEven if you signed a PIIA, double-check that it's enforceable where you are employed and is as far-reaching as you think it is. For example, the California Labor Code stipulates that regardless of what an employment contract or PIIA says, an employee owns the copyright and patent rights to his inventions if the invention is made entirely on the employee’s own time, without using any of the company’s equipment or technology, as long as the invention (a) does not relate to the company’s business, or (b) did not result from work performed by the employee “as an employee” of the company. Washington and other states have similar laws that override any contract you might sign with a company. An attorney in your jurisdiction familiar with this area of law can give you all the answers you need in just a few minutes for a nominal fee.
- bluesroo 9y agoYour last line is very important. In PA I was able to get a full write-up on the NDA/ IP portion of my contract for $150. If you are planning on making something potentially profitable/ valuable in your spare time, $150 is peanuts for peace-of-mind.
- Grustaf 9y agoIn Europe that is not an issue at all, I've never heard of this happening here, only in the US. I don't understand how it's even possible for employers to have any opinions on or ownership of ehat you do on your spare time.