You can pull this off if your day job contract has no IP restrictions and there are no competitors coding full time as you divide your time between the start-up and your day job.
What are the chances of one succeeding with moonlighting?
11–16 of 16 posts
Re: What are the chances of one succeeding with moonlighting?
#12Watch out in case you signed a contract that explicitly claims ownership of all your work, regardless of "nights and weekends" spent on your startup.
Also, watch out for non-compete clauses.
Both might be de facto safe if you have a cool employer, but an investor's top interest will be the protection of the IP of the company. Things that look risky are to be avoided, and a violation of a contract is a major risk.
Re: What are the chances of one succeeding with moonlighting?
#13Watch out in case you signed a contract that explicitly claims ownership of all your work, regardless of "nights and weekends" spent on your startup. Also, watch out for non-compete clauses. Both might be de facto safe if you have a cool employer, but an investor's top interest will be the protection of the IP of the company. Things that look risky are to be avoided, and a violation of a contract is a major risk.
not in California. If your startup is not related to your work that you do during the day, and if you are not using company equipment, any claims like that would be impossible to enfornce.
Re: What are the chances of one succeeding with moonlighting?
#14Watch out in case you signed a contract that explicitly claims ownership of all your work, regardless of "nights and weekends" spent on your startup. Also, watch out for non-compete clauses. Both might be de facto safe if you have a cool employer, but an investor's top interest will be the protection of the IP of the company. Things that look risky are to be avoided, and a violation of a contract is a major risk.
not in California. If your startup is not related to your work that you do during the day, and if you are not using company equipment, any claims like that would be impossible to enfornce.
Reference?
Re: What are the chances of one succeeding with moonlighting?
#15Watch out in case you signed a contract that explicitly claims ownership of all your work, regardless of "nights and weekends" spent on your startup. Also, watch out for non-compete clauses. Both might be de facto safe if you have a cool employer, but an investor's top interest will be the protection of the IP of the company. Things that look risky are to be avoided, and a violation of a contract is a major risk.
not in California. If your startup is not related to your work that you do during the day, and if you are not using company equipment, any claims like that would be impossible to enfornce.
You can de facto enforce anything by getting an injunction of a product release. The company starting the lawsuit might lose and pay for it, but the startup could be killed by a delay in release, legal fees, and investors backing off from a risky setup.
Re: What are the chances of one succeeding with moonlighting?
#16"# No one is going to kick you because your took money from them for your FAILED startup. No one even cares if your startup fails" Actually, this is not the case. Your family is going to kick you big time if you were away of them for months, for a projects that fails. They are counting on you... (at least if you are married, or you have kids, etc)
> They are counting on you...
More often than not, they're counting on a risk-taker to try and bring financial stability to the household, as well. If you are spending so much time away from your family that it's wrecking your family, there's a problem. But there are plenty of ineffectual workaholics that do the same thing for some overlord's profit.
If you're going to sacrifice something as valuable as time with your family, it better be for a good reason. Chalk up another benefit for making these choices concrete.