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I'd love to hear someone frank legal input on the risk of a team leaving a company to start a similar competitive product, and marketing themselves in reference
by aneth 16y ago
I'd love to hear someone frank legal input on the risk of a team leaving a company to start a similar competitive product, and marketing themselves in reference to the previous company. If I work at GE, learn how to make light bulbs, then start a light bulb company leveraging all that expensive R&D but with no costs, do I have a problem?
- imp 16y agoThat already happened. The company is called Venture Lighting: Venture CEO Wayne Hellman began the development of the company after a 16-year career with General Electric, during which he pioneered innovations for metal halide lighting. Fifteen years of developing metal halide for GE convinced Mr. Hellman that a tremendous opportunity existed for a specialty metal halide lighting company. Mr. Hellman, along with a small core group of marketing and engineering managers from GE, formed Venture Lighting, literally beginning from scratch. http://www.venturelighting.com/About_V-History.html http://www.venturelighting.com/About_V-History.html I don't know what would be wrong with that. As long as you don't take any IP or equipment you can generally be free to do what you want.
- secret 16y agoI found it kind of cool how out of all the possible examples that aneth could have picked, this one actually happened.
- borisk 16y agoWhat kind of problem can you possibly have? Unless your work contract had anti-competitive clause or you're using something patented by the company you're trouble free.