4 ms·
New York is also the financial hub of the country. Removing non-competes creates a culture where employees can readily jump ship from their companies and form t
by nocsi 3y ago
New York is also the financial hub of the country. Removing non-competes creates a culture where employees can readily jump ship from their companies and form their startups w/o recourse. Not sure if that Silicon Valley culture makes sense in the financial sector.
> There's a well-trodden path in NYC from HFT/Prop #1 -> Big Tech, for duration of a non-compete -> HFT/Prop #2, that can be shortened by one node.
I've seen some folks do HFT/Prop #1 -> HFT/Prop #2 in London/Singapore.