Massachusetts, meanwhile, has a wealth of intellectual and financial capital, but its growth is hindered by non-competes, Maeder argued.
"It also affects [existing] companies. They get lazy. We really have to think about how sleepy Massachusetts companies have become," he said.
If there is to be any shift in the way non-competes are handled in Massachusetts, it probably won't come through legislation, Maeder predicted.
"If [any politician] raises their hand on this issue, they will be group-tackled by the CEOs of long-time companies in Massachusetts, and it will quickly die," he said. "Talking to the government is good, but it's not the agent of change here."
Workers need to become savvier, and venture fund officials should convince companies they invest in to stop demanding non-compete agreements, Maeder said, adding that he's going to do more in this regard himself.
One attendee suggested it will be tough to effect change in the state.
"The incumbent companies are vested [in the concept]. It's a cheap way of preventing people from walking out and it's a cheap way of keeping the cost of engineers down," said Stephen Chow, a Boston attorney.
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