For inventors, Silicon Valley has a whole lot going for it: Lots of like-minded people, an economic ecosystem that’s supportive of entrepreneurs, sunshine, and, of course, non-compete agreements.
In California, as well as in states such as Alaska, Connecticut, Minnesota, Montana, Nevada, North Dakota, Oklahoma, Washington and West Virginia, non-competes are essentially unenforceable. Lee Fleming, of Harvard Business School, Matt Marx, now at MIT Sloan School of Management, and Deborah Strumsky, of the University of North Carolina-Charlotte, wanted to find out if non-compete agreements were influential in inventors’ decisions about where to live. Their conclusion: States that insist on enforcing strict non-compete agreements are shooting themselves in the foot. They’re encouraging a brain drain that is already leading their most productive, most collaborative innovators to work elsewhere.
To read the full, original article click on this link: Want Your Innovators to Leave? Make Them Sign a Non-Compete | BNET
Author:Kimberly Weisul
