4 ms·
You're probably right about the IP and databases not being completely trapped, in practice. What about non-competes though? Could I really start a directly-com
by solve 13y ago
You're probably right about the IP and databases not being completely trapped, in practice.
What about non-competes though? Could I really start a directly-competing company immediately afterwards? After all, not all startups fail just due to having completely worthless products, there could be many other reasons.
- tptacek 13y agoWhat non-compete? Are those common on VC deals? There weren't any when I took funding, but that was awhile ago.
- mrkurt 13y agoNon-competes would likely come either when you left the company in exchange for some unvested options, or after an acquisition.
- argonaut 13y agoNon-competes are largely unenforceable in California.
- tptacek 13y agoEmployment noncompetes are unenforceable. Other kinds are. A noncompete you accept in exchange for an investment is likely to be enforceable.