Ask HN: Is an auto-generated privacy policy OK for an MVP?
We are launching a betta of our mvp product soon, and we need some legal stuff to be done: privacy policy, terms of service and etc. We do not want to waste time & money on lawyers at the current stage, so we found www.iubenda.com where we can autogenerate a privacy policy. Any experience with them? Any pros and cons (pls beyond obvious) of using such services? Do you know any other services like this?
I'm not a lawyer, so I'm not going to give you legal advice. Generally speaking, it's very low-risk to use a boilerplate privacy policy for an MVP.
Ideally, instead of using a service like you mentioned, you should copy and edit the privacy policy of a service that is as similar to yours as possible.
Once you make your first dollar or get your first ~10,000 users, it'll definitely be time to hire a lawyer.
Some important questions though:
1. How sensitive is your data? Is it PII (personally-identifying information)? That includes full names, addresses, phone numbers, and a complicated list of other things.
2. Are you in Europe?
3. Have you formed a limited-liability entity? In the US, that would be an LLC.
Thank you for your reply. We indeed thought about using those materials, but not sure if it is punishable. 1. Yes, the data is sensitive: full names, emails, and phone numbers and etc. 2. We are targeting US market 3. We have a C-Corp in the US