B2B SaaS founder from Austin โ€” am I screwed?

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.
Illustrative scenario prepared by my practice.
For informational purposes only. Not legal advice.
Hypothetical question

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.

Illustrative response

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.

Illustrative response

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

Illustrative response

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

Illustrative response

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