On: How do you write a "terms of use" for a website?

Sorry rkabir, but I think what Guy's talking about is the legal work that goes into the negotiation of an investment, takeover or IPO.

For a bootstrapped start-up, getting a lawyer to write your ToS and Privacy Policy would be wasteful.

epi0Bauqu you've nailed it: who's got "an issue that facebook/craigslist/ebay/microsoft/amazon/etc. don't?"