Silicon Valley newest episode of 3 really enlightened me to enormous problems that befall a startup. that is why you should be able to understand the law of the land. Such as reading the terms of service, TOS as it called provide a legal ground when you are getting sued over something. By writing about the aspects of your business and the scope of customer you’d want to achieve then TOS can be a lifesaver when you hit the legal problem. Although in Indonesia, there isn’t really such a things as a legal problem for IT company here since there isn’t that many of it. But by hiring a lawyer and studying the current law then you’ll be able to run stuff smoothly.
There are also many great jokes in silicon valley that will make you understand how to deal with programmers. The programmer doesn’t have feelings, they talk like a robot and don’t socialize that much.