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5 ways to start a company without quitting your day job So we set out to see if we could help.
We wondered, what if cubicle bound employees could use their current gigs to launch new ventures? Of course, starting a company while employed by another one can be tricky especially if you've signed agreements promising not to compete with your employer or not to hire away colleagues. Indeed, in many cases anything you invent while collecting a paycheck can be considered the boss's property. kate spade saturday sale James Geshwiler, managing director of CommonAngels, a Boston investment group, warns that from a legal perspective, cubicle entrepreneurs often "tread on very sensitive ground." The opportunity was obvious: Gregory Moore wanted to create a company that would securely transmit patient and payment data between hospitals, doctors, clinics, and insurers. In 2000 he took the proposal to software maker TeraHealth, which then hired him to make it a reality. But TeraHealth didn't pursue the kate spade outlet products effort, so Moore began building the business on the side. He used his salary to hire a coder and spent nights and weekends filing incorporation papers and creating sales brochures. He even set up a basic office. The board went for it and gave the startup now called WiSpry $6 million worth of patents and other intellectual property, seven employees, several hundred thousand dollars, and an office in Irvine, Calif., all in exchange for shares in the company. Today, Hilbert is CEO of WiSpry, which is developing a special chip for cell phones official kate spade outlet online that could improve battery cheap kate spade satchel life by 20 to 40 percent. His advice: Don't rely too much on a parent company. Sooner or later, all startups must be able to fend for themselves.