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baguasquirrel | 14 years ago
One major peril for erstwhile startup founders is that if you fail while bootstrapping, it can be hard to get a job because people, for some stupid reason or another, consider you to be unemployed. That problem is a non-issue in the valley but I do wonder if it will have to be solved by brute force elsewhere.
arethuza|14 years ago
The simple answer to that is to avoid employment contracts that claim that - the only time I've had a contract that claimed that was when I was CTO of a VC backed company and one of the investors insisted. My own lawyer suggested that it was unenforceable anyway - as many things are in employment contracts.