Two days ago I had the pleasure of speaking at Startup School. Never before have I see such a high concentration of smart ambitious people in one place.
I've posted a followup on my blog at http://tom.preston-werner.com/2010/10/18/optimize-for-happiness.html that covers some of the ideas I introduced in more detail.
Since I only had about 25 minutes for the talk and 5 minutes for questions, I wanted to make myself available for additional questions. So today I'll be answering any questions you have here on Hacker News.
Ask away!
California specifically has laws that allow employees to claim inventions of their own but still under terms that are more favorable to the employer (I can supply details). There's no help for copyrightable works, which would include software, or even a written plan for developing this software.
I certainly have this issue currently preventing me from doing any work to bootstrap while I am still employed. Most people I spoke to at SUS2010 who are working on side projects are completely unaware of the issue. Some are ignoring it thinking that it must somehow work out.
On the other hand, every successful founder I spoke to, either did not have this issue (founded right after school, etc.), or did not do any work before quitting (which they did either before or after securing funding).