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> is the stress level actually that different? Your liability is. Worst case scenario is you don't get hired, or you get hired, and then get fired. That the wo

> is the stress level actually that different? Your liability is. Worst case scenario is you don't get hired, or you get hired, and then get fired. That the worst that can happen. FAANG isn't gonna come after you for damages if you accidentally brick something in production or are just lazy and incompetent. As a business, your customers might. Let's watch how the Crowdstrike scenario unfolds in the coming months, when they'll probably get lawsuits up the ass for the damages they caused. Get your popcorn ready. >And there are plenty of examples (search on HN for them) of people running one person internet businesses and making a healthy living. Sure, but not everyone can get there, the same how not everyone can become a successful football player despite so many successful examples. There's too many variables. Usually, the right connections are your most valuable asset as one man company, and not everyone has them.

keiferski 2y ago
Crowdstrike is essentially on the level of a FAANG, so I don't think this is remotely comparable to the type of business I mentioned. The likelihood of a one-person SAAS getting sued into oblivion is pretty low, especially if you aren't providing something as fundamental as security services to banks and airlines.
arrosenberg 2y ago
If you are a tiny business, you just need an indemnity clause. If you have employees, you pay for E&O insurance. Im not saying any of this is obvious, but if you are applying to work at a FAANG, I will assume you are both smart enough and ambitious enough to do a bit of research.
- ghaff 2y ago
  It's totally understandable if you don't want to sell/market your business or you just don't want the unpredictability which is probably greater than with a larger company. But, oh no, I might be sued should almost certainly not be a major consideration relative to other factors.
- FooBarWidget 2y ago
  "Just" an indemnity clause. First, you don't really know whether that'll hold up in court until it happens. Second, by the time you're done with the court case, you'll have spent a tremendous amount of time and energy. Not only is that stressful by itself, it's also a big distraction from running the business, and every day you are busy with the court case you'll wish you were spending time working your business. The smaller you are, the more impactful distractions are.
  - jt2190 2y ago
    This ignores the fact that nothing is stopping someone from suing you personally today, small business owner or not. There are two types of people who sue: - rational actors who have acted in good faith, exhausted all avenues of recourse, and feel like the courts are their only hope for some sort of resolution. - irrational actors who sue for weird personal reasons, can’t be reasoned with, refuse all attempts to come to a reasonable settlement, etc. You definitely want the first type of person as a customer. Again, nothing is stopping anyone from suing you personally right now.
    - FooBarWidget 2y ago
      Not everyone lives in a litigious society like the US. Here in Europe if you try to sue an employee for work related stuff you'll be dismissed pretty quickly on the grounds that you need to be suing the company instead.
sillysaurusx 2y ago
> FAANG isn't gonna come after you for damages if you accidentally brick something in production or are just lazy and incompetent. As a business, your customers might. So? Worst case, the business folds and you start it again. This is like being worried about being fired, and people telling horror stories about so-and-so who got fired. They’re fine. You’ll be fine. The whole point of an LLC is to prevent people from going after the corporation’s owner. They have to go after the corporation itself. It’s in the name: limited liability corporation. And sure, if you end up harming someone physically then they might have a case against you, but most of us don’t run into that problem.
- Noneofya 2y ago
  > So? Worst case, the business folds and you start it again. Must be great having infinite ideas and capital. Nobody but scammers is this chill about their company going bankrupt.
shrubble 2y ago
CrowdStrike is a publicly traded company; no one is coming after the founders or the CEO for money they have cashed out via stock sales, prior to the event. So it's not a great example. A better example is simply having your business evaporate overnight while you have a building/offices to pay for, employees to pay, etc. Which happened to someone I know back in the early days of Windows NT: his servers and desktops that he built, worked under NT but then a service pack for NT 3.51 broke everything; overnight his contract with a large local hospital went away; that a few months later the next service pack fixed the issues, meant nothing to his former customers. He went from making the equivalent of $250K today to approximately zero.

keiferski 2y ago

Crowdstrike is essentially on the level of a FAANG, so I don't think this is remotely comparable to the type of business I mentioned. The likelihood of a one-person SAAS getting sued into oblivion is pretty low, especially if you aren't providing something as fundamental as security services to banks and airlines.

arrosenberg 2y ago

If you are a tiny business, you just need an indemnity clause. If you have employees, you pay for E&O insurance. Im not saying any of this is obvious, but if you are applying to work at a FAANG, I will assume you are both smart enough and ambitious enough to do a bit of research.

ghaff 2y ago
It's totally understandable if you don't want to sell/market your business or you just don't want the unpredictability which is probably greater than with a larger company. But, oh no, I might be sued should almost certainly not be a major consideration relative to other factors.
FooBarWidget 2y ago
"Just" an indemnity clause. First, you don't really know whether that'll hold up in court until it happens. Second, by the time you're done with the court case, you'll have spent a tremendous amount of time and energy. Not only is that stressful by itself, it's also a big distraction from running the business, and every day you are busy with the court case you'll wish you were spending time working your business. The smaller you are, the more impactful distractions are.
- jt2190 2y ago
  This ignores the fact that nothing is stopping someone from suing you personally today, small business owner or not. There are two types of people who sue: - rational actors who have acted in good faith, exhausted all avenues of recourse, and feel like the courts are their only hope for some sort of resolution. - irrational actors who sue for weird personal reasons, can’t be reasoned with, refuse all attempts to come to a reasonable settlement, etc. You definitely want the first type of person as a customer. Again, nothing is stopping anyone from suing you personally right now.
  - FooBarWidget 2y ago
    Not everyone lives in a litigious society like the US. Here in Europe if you try to sue an employee for work related stuff you'll be dismissed pretty quickly on the grounds that you need to be suing the company instead.

sillysaurusx 2y ago

> FAANG isn't gonna come after you for damages if you accidentally brick something in production or are just lazy and incompetent. As a business, your customers might. So? Worst case, the business folds and you start it again. This is like being worried about being fired, and people telling horror stories about so-and-so who got fired. They’re fine. You’ll be fine. The whole point of an LLC is to prevent people from going after the corporation’s owner. They have to go after the corporation itself. It’s in the name: limited liability corporation. And sure, if you end up harming someone physically then they might have a case against you, but most of us don’t run into that problem.

Noneofya 2y ago
> So? Worst case, the business folds and you start it again. Must be great having infinite ideas and capital. Nobody but scammers is this chill about their company going bankrupt.

shrubble 2y ago

CrowdStrike is a publicly traded company; no one is coming after the founders or the CEO for money they have cashed out via stock sales, prior to the event. So it's not a great example. A better example is simply having your business evaporate overnight while you have a building/offices to pay for, employees to pay, etc. Which happened to someone I know back in the early days of Windows NT: his servers and desktops that he built, worked under NT but then a service pack for NT 3.51 broke everything; overnight his contract with a large local hospital went away; that a few months later the next service pack fixed the issues, meant nothing to his former customers. He went from making the equivalent of $250K today to approximately zero.