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Ask HN: What has been your biggest mistake?

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91–100 of 102 posts

Re: Ask HN: What has been your biggest mistake?

#91
post #80

Earlier quoted context omitted.

You cannot get sued for having a site that isnt charging anything because youre not giving any legal consideration. Without legal consideration, there is no contract between you and your user base. Thus, while you technically can still be sued, having that case go anywhere is very unlikely. Of course if youre doing something legally grey like youtube or file sharing, then perhaps you should incorporate. But without a…

Are you a lawyer? Is this legal advice?

No. But I have run a c-corporation and I know how hard and unnecessary it is when you don't even have a proper product.

Re: Ask HN: What has been your biggest mistake?

#92
post #69

Earlier quoted context omitted.

You cannot get sued for having a site that isnt charging anything because youre not giving any legal consideration. Without legal consideration, there is no contract between you and your user base. Thus, while you technically can still be sued, having that case go anywhere is very unlikely. Of course if youre doing something legally grey like youtube or file sharing, then perhaps you should incorporate. But without a…

Applying your litmus test means that no OSS company has ever been (or will ever be) sued for patent infringement. It is difficult to have a corporate veil pierced on the basis of assets held alone, and there are specific conditions in place in every state that must be met in order to pierce the corporate veil. Which you've actually argued for yourself in your claim that a C Corp is the entity that you want to use in…

Icey: Do you know ANY open source foundation that has been SUCCESSFULLY sued for damages? Give me ONE example.

At the end of the day. It's financial decision. Think of ALL the startups ever created for the web, the amount of money/time to understand to create the limited liability shelter, and how many of these examples of these shoe-string startups (those without funding or serious traction) actually get successfully sued for damages.

The odds are, very very very very very small. And ok, while my personal advice might not be for everyone. I am currently almost broke, so for me, it makes no difference if they come after my personal assets because I can just file ch. 7, as opposed to the amount of capital and money and upkeep that comes with any form of limited liability.

If you think I'm wrong, digg me down, but note how no one has (1) shown a counter example or (2) has given advice from the standpoint of a seasoned lawyer.

Re: Ask HN: What has been your biggest mistake?

#93
post #51

Earlier quoted context omitted.

I feel for you, dude...I hope there's no number 3 next time someone asks you this question.

I hope he doesn't decide to go anywhere again as employee #6. I am not normally superstitious, but I would avoid that like the plague going forward. 'Oh you currently have 5 employees? That is too bad...' :)

Totally. It wouldn't be pure superstition either; a 6th employee commands a certain amount of stock, a certain amount of wages, and is hired at a certain stage.

Re: Ask HN: What has been your biggest mistake?

#94

Earlier quoted context omitted.

I'm baffled as to how he could actually believe that. Also, the cost of forming an LLC to insulate yourself against that is trivial.

You cannot get sued for having a site that isnt charging anything because youre not giving any legal consideration. Without legal consideration, there is no contract between you and your user base. Thus, while you technically can still be sued, having that case go anywhere is very unlikely. Of course if youre doing something legally grey like youtube or file sharing, then perhaps you should incorporate. But without a…

You can get sued for many, many things, even if you don't charge users. Copyright infringement comes to mind. YouTube doesn't charge anyone for anything. Any site with user generated content is open to that one.

There are scores of other reasons you might be sued beyond a disgruntled paying customer. To say that you shouldn't spend the couple hundred bucks it takes to set up an LLC is just ignorant.

Re: Ask HN: What has been your biggest mistake?

#95
post #69

Earlier quoted context omitted.

Applying your litmus test means that no OSS company has ever been (or will ever be) sued for patent infringement. It is difficult to have a corporate veil pierced on the basis of assets held alone, and there are specific conditions in place in every state that must be met in order to pierce the corporate veil. Which you've actually argued for yourself in your claim that a C Corp is the entity that you want to use in…

Icey: Do you know ANY open source foundation that has been SUCCESSFULLY sued for damages? Give me ONE example. At the end of the day. It's financial decision. Think of ALL the startups ever created for the web, the amount of money/time to understand to create the limited liability shelter, and how many of these examples of these shoe-string startups (those without funding or serious traction) actually get successfull…

I'm not a historian, nor am I a legal expert, that's far outside my realm of expertise. However, just because I can't personally name an example of that happening doesn't mean that it "cannot" happen.

I was merely pointing out that the advice you were dispensing was risky and negligent. That is still the case; I'm afraid the burden of proof is on you, as you're the one making spurious claims.

"Cannot" is a world of difference from "not likely to".

Re: Ask HN: What has been your biggest mistake?

#100
post #41

Not sleeping with more women. When I was younger, women were more plentiful (and looking for relationships) but I spent most of my time in front of computers. Today, computers are more plentiful and most of the nice women I meet are already married or in long term relationships.

I could understand if your regret were not dating, but is your only regret a lack of sex? The "nice women" would be averse to marrying you if your number got too high. From the perspective of a marriage-worthy woman, it's fine to be a virgin till 23-25, and the ideal number for a 30-year-old male is probably 1-6. How old are you? It seems that the odds get better for a guy until age 35. When you're 20, the age range…

Being 25-30 I have yet to see this trend :( and don’t see many of the people I know with partners more than ±4yrs their age.

Moving may solve the problems related to geography, but perhaps not those of culture and lifestyle which often form a larger part of the problem people face. As addressed by others, going to another country may not help any more than simply going to a larger more cosmopolitan city. But even in big cities (London, Paris, New York etc.) it is still possible to be single/lonely, as many are. I think only big changes in lifestyle really solve much of the dilemma such people face.

Lastly, as we get older, we all start to look at people more as future partners even from the outset. This becomes harder as, using nature as an example, it is probably fair to say that the most desirable mates are taken early. Hence those that leave things until later e.g. to focus on career etc., often find things harder and (I dare say) have to settle for less or compromise more. This seems especially true for women who feel their biological clock is ticking and develop the nesting instincts. I suspect this is one of the reasons that in a generally declining/competitive online dating market the sites focused towards marriage in the niches e.g. Jewish/Muslim/Christian matrimonial sites, do well compared to the rest.

Anyway, I am building a dating site to address some of the problems I see and welcome comments/suggestions/ideas of others (your experiences, what you see is broken, solutions). You can contact me at babulmiah{.a.t.]yahoo<,d,o,t,)com. Hopefully, I’ll launch an alpha for HN review soon.

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