This story in the New York Times makes pretty horrible reading. In my optimism I thought that non-competes were on their way to oblivion but apparently that is not the case. States that fail to implement laws banning non-competes will eventually suffer the economic consequences – they need to wake up and fix this.
Here’s another piece from the NYT on the same subject.
It’s fun to Google “EMC non-competes” or something similar. EMC were well known for their scorched earth policy regarding non-competes as described in this old Fortune piece. I am curious to know how things are now that Dell owns EMC. Massachusetts seems in a complete mess with regards to non-competes, probably not helped by EMC’s influence. Apparently they have been trying for many years to come up with something that is still appalling for the victims…oops, employees (sorry 🙂 ). Don’t worry, there’s always California.
Nice to see San Diego (my other home town) called out here as the best alternative to the usual suspects when it comes to great places for startups. The absence of non-competes is of course a major plus!
Very interesting piece here about the history and the now of tech in Boston. I especially enjoyed the third point in the final Onward section. The elimination of non-compete agreements is something that everyone should support.
Very entertained to see that Pied Piper was (sort of) saved by an illegal non-compete clause.
Great one page article here from IEEE Spectrum about attempts to clone Silicon Valley and why they have generally failed. To cut a short story even shorter, it comes down to an entrepreneurial attitude, quality of life and history in the author’s opinion. I mostly agree except perhaps New York, Seattle and London should have got some sort of mention. Whatever, it’s certainly apparent from CrunchBase‘s daily funding round updates that San Francisco and New York are the locations that come up most consistently.
So, what do you need to create a great environment for high tech startups?
Interesting piece here about the different situations in different US states regarding the enforceability of non-compete agreements. Once again, California leads the way. And also once again, Florida is one of the worst. We can only hope that these are outlawed everywhere in the very near future. Enforcement of non-compete agreements is the last refuge of the incompetent (which apparently is an out of context quote borrowed from Isaac Asimov :-)).