[geeks] Discretion

[nick at snowman.net]

Wow.  That's remarkably lacking in ethics.  Do all buisnessmen think this
way?
	Nick

On Tue, 8 Jul 2003, James wrote:

> I am starting a company too (second time around), and I can tell you that
> even the smallest detail can hurt you if learned by the right person. We are
> in negotiations for a merger and the other company told us that his top tech
> doesn't have a non-compete agreement. We've discussed amongst ourselves
> offering to hire away his top guy and then approach his customers to join
> us. If we did so it would kill the other company in a matter of months. It
> would so weaken his position in the merger that we could own his company for
> very little money. He also entered these negotiations without NDA's or a
> non-compete agreement.
> 
> Of course this foolishness is typical of him and that is why he needs to
> merge to stay afloat.
> 
> In the end, NDA's and NCA's are worthless because it costs so much to
> enforce them. Startups rarely can afford to persue someone in court. It
> takes too much precious time and money. It's all about trust - who, when and
> why. Even your partners might eat you alive.
> 
> Good luck!
> 
> 
> >I'm attepmting to start a company. At this stage we're in the looking
> >for finacing stage. Like all things it starts out small and grows to
> >the point that it's beyond my immediate control.
> >
> >We've expanded to the point where I had to bring in people who are not
> >directly involved in the company, but would be key employees when there
> >is money to pay them. They've signed NDA's, but it has become obvious that
> >they lack discretion.
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