Didn’t Homejoy Shut Down?

Re:Didn’t Homejoy Shut Down? by seancoleman on Wednesday October 28, 2015 @10:23PM (#10468825)

Typically investment contracts employ non-competes to prevent founders from starting new businesses in similar spaces. Clearly this person's previous actions aren't the most ethical but I'm curious what his strategy is around this.

[ Parent | on HN ]

Re:Didn’t Homejoy Shut Down? by mentat on Thursday October 29, 2015 @12:07AM (#10469227)

Aren't all non-competes illegal in California?

[ Parent | on HN ]

Re:Didn’t Homejoy Shut Down? by bravo22 on Thursday October 29, 2015 @01:22AM (#10469428)

For employment they are unenforceable but this is a different situation. It would be part of an investment contract and it is very much enforceable.

[ Parent | on HN ]

Re:Didn’t Homejoy Shut Down? by slantedview on Thursday October 29, 2015 @12:29AM (#10469277)

If you're willing to go to battle in court, they are.

[ Parent | on HN ]