Quite often, it seems, people violate, or come too close to violating a non-compete clause after they sell a company. Here’s the latest example.
I never really understand why this noncompete stuff ever comes up.
When I sold MyTrafficNews to Traffic.com, I worked hard for them, and enjoyed it. When the contract was over we parted as friends. I gladly signed the non-compete.
Now I’m running another startup, but in a totally different indsutry. As much as I loved the traffic business, I’m very happy to NOT be in it any more.
That’s why I don’t understand when this kind of thing comes up. I would think entrepreneurs, by nature, would want to move on to a different challenge, and apply what they learned in one area to a different industry or niche that needs the same kind of new thinking.