alt Hacker NewsThis feels a tad heavy-handed and will make it tougher to sell a business without hard assets.
It should just be banned for employees or require a payout of (previous salary) * (length of non-compete).
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colechristensen • today at 6:44 PM
As the years go buy I'm gradually more and more in favor of restrictions to sell businesses. They tend to benefit two groups: the people running a successful business and the people running the even more successful businesses buying them.
They tend not to benefit the employees, the customers, the competitors and really anyone else besides a small number of people who are already very successful.
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On the other hand it's a boon to those establishing new businesses. And a huge boon to employees. And a boon to the overall economy because it accelerates transfer of know-how out of older and more dysfunctional companies into newer and more nimble ones. This is what made Silicon Valley what it is, starting all the way back with the Traitorous Eight in 1957 and continuing today.
There are so many wannabe "New Silicon Valley" alternative areas that are unwilling to copy the non-compete ban, and subsequently fail to compete with the real Silicon Valley. It's a necessary ingredient in my opinion.