“In 2001, Michael Polsky found himself snared in the entrepreneur’s trap.
He’d sold the power company he co-founded to the giant utility Calpine and agreed to stay on and run it for a while. He was miserable, but quitting meant leaving money on the table. After eight seemingly endless months, he persuaded his corporate overlords to let him go. The agreement he reached with Calpine even allowed him to take five people with him, including longtime operating partner Jim Murphy.
Although Polsky was clearly planning another startup, Calpine didn’t bother to make him sign a noncompete agreement, he says, “because, obviously, how could six guys compete with a big company?””
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Whitford, David. Inc Magazine November 2017.