B2B SaaS founder from Austin — am I screwed?

I publish illustrative scenarios prepared by my practice. The participants and conversations are fictional. These are not posts by real users, accounts of client experiences or reports of actual results.
Started by the_whole_truth_9 · Dec 11, 2024 · 4 replies
For informational purposes only. Not legal advice.
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the_whole_truth_9 OP

! Just got approved for the forum. Building a B2B analytics tool for e-commerce brands. Been running it solo for about 8 months, just hit $5K MRR.

Based in Austin, previously did 4 years at IBM in enterprise sales before going indie. Excited to learn from everyone here - already spent 2 hours reading old threads lol

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the_whole_truth_9 OP

@curiosity_killed_me_12 thanks! Honestly data privacy stuff. My customers connect their Shopify/Amazon stores and I'm not 100% sure my privacy policy covers everything properly. Also need to figure out SOC 2 soon since enterprise prospects keep asking about it.

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sarah.g_7

for teh privacy policy stuff check out the contracts category - there was a good thread on SaaS data processing agreements a few weeks back. SOC 2 thread is in there too, spoiler: Vanta and Drata are what most people use

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lisa_nguyen_12

Thread bookmark. Coming back to this later. Currently dealing with a similar issue and will share my experience once it's resolved.

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curious_tenant_21

Have you consulted with an attorney yet? Many offer paid initial consultations.