Entrepreneur’s Perspective on Non-Competes

Entrepreneur’s Perspective on Non-Competes (Note: I just found this post in the “drafts” folder and realize I never put it up! It was written months ago, although I just updated it a bit.) Bijan Sabet kicked off the discussion about non-competes by asserting that they are a barrier to innovation and that they are unenforceable in California anyway, so why bother? Fred continued the discussion and made some good assertions about the value of non-competes, summarizing his points as: Non-competes are very much in the interests of our portfolio companies. But the non-competes need to be tightly defined and the term of the non-compete needs to be paid for by the portfolio company if the employee was forced out of…