Ugh. At one extreme: giving your counsel veto power over what contracts you sign, and allowing them to bill time ping-ponging contracts until prospects give up. At the other extreme: just signing everything and saying "fucking sue me" when things go sideways. You should be somewhere in the middle. Contracts more often than not have provisions that are silly for you to accept verbatim. And, contracts more often than n…
Isn't the "one extreme to the other" kind of the point of his post? Following his gut has obviously worked quite well for him. It's refreshing to hear this side. And frankly, it doesn't sound like you know much about him if you're replying about "being sensible."
Fucking Sue Me
51–60 of 152 posts
Re: Fucking Sue Me
#52Ugh. At one extreme: giving your counsel veto power over what contracts you sign, and allowing them to bill time ping-ponging contracts until prospects give up. At the other extreme: just signing everything and saying "fucking sue me" when things go sideways. You should be somewhere in the middle. Contracts more often than not have provisions that are silly for you to accept verbatim. And, contracts more often than n…
You need to be able to figure out what's negotiable and what isn't. I work for one of those massive organizations that everyone hates doing business with, but sort of has to. I've watched dozens of vendors spin their wheels for months over boilerplate stuff that nobody is empowered to change. They ultimately lose the deal over something that ultimately didn't matter.
Re: Fucking Sue Me
#53Just change that one line "He was right. I got the job, they paid, things went well, nobody got sued." to "He was wrong. I got the job, they didn't pay, things went horribly wrong, everybody go sued".
Even if it were changed to that, the story wouldn't end with "I couldn't buy food, my macbook pro got repossessed, and I went to federal pound-you-in-the-ass prison." If you do get sued and your business collapses you can always start another one.
Re: Fucking Sue Me
#54Earlier quoted context omitted.
Then don't be employee #1. Ever. I get your point, but if those things are true, then that would not be the proper job for you to take, no matter how risk prone or risk averse the founder is.
You should still be honest with employees. They'll prove better in the long run if you are. Not a lot of stories where withholding the truth from your employees ends up being something that a boss feels great about...
Re: Fucking Sue Me
#55Re: Fucking Sue Me
#56Re: Fucking Sue Me
#57> Then there was the time I wanted to hire my first full time employee. I was apprehensive to do it because I only had enough money to pay him for 2 months, unless I got another client fast. > “Worry about that in 2 months,” Dad said. Speaking from the perspective of that employee, fuck you . OK, for the serious point: you may be not give a shit about risk. Good for you, you crazy risk taker! The world truly needs mo…
Pretty much all employment is risky. It doesn't matter that you have a car payment and a wife going thru graduate school. Those are financial risks you took. Your employment could end at any time. The company could be seized by the government as part of some investigation and shut down, the CEO could be hit by a bus, you could screw up in a big way and get fired. You could be hit by a brain aneurism and simply not be…
Your livelihood depends on so many people when you're doing a tech startup (your clients, the organizations running the internet, the government, the army, your neighbours) it's not even funny.
Re: Fucking Sue Me
#58But being of the conservative sort, I have generally had a lawyer review whatever contracts people want me to sign, firstly for him to explain what it really means--what are the actual risks. Even as a very young fellow in my first one with a contract, I knew enough that it was for me to make the business decision and for my lawyer to explain what the legal ins and outs were.
Then there was the fellow who liked to do negotiation by contract. It said that everything that I did they owned, probably back a year before I started, and that if I didn't perform the would take my house and my first born, but then on the second page they said that we are kidding about the house. And it was from a law firm that was bigger than most buildings, and Very Famous. But I pushed back and after a couple of cycles got things to be in a reasonable state.
In another long-term consulting contract negotiation, my lawyer's first response after reading it was one word "Egregious". Fortunately, I was able to hammer that into better shape. This was one where the contract was supposedly non-negotiable. I learned something there.
But in no world that I am familiar with does it make sense for the lawyer to do the negotiation. They (in all likelihood) don't understand your business as well as you do.
Even though I have been doing this for a while now, I wouldn't sign anything without a lawyer's review.
But I have also been at the other extreme, where there was no contract for a multi-year deal and it worked out well.
Use a lawyer, but use the lawyer wisely.
Re: Fucking Sue Me
#59Earlier quoted context omitted.
Then don't be employee #1. Ever. I get your point, but if those things are true, then that would not be the proper job for you to take, no matter how risk prone or risk averse the founder is.
Being employee #1 is fine, but you should be asking questions like 'how much money do you have?' and 'when will it run out?' I've been employee #1 and in the position of having to find another gig due to the company running out of money. It sucked, but I was prepared for it since I knew what our runway was and what our situation with funding was.
Re: Fucking Sue Me
#60You have to balance your risk and reward and take the biggest risks when you have little to lose. The riskiest thing you can do is play it safe.