Is it wrong to not have a Terms of Use and Privacy Policy on your site?
hga: "Don't get me wrong, we won't ever share emails, ip addresses of our users or anything."And I believe you.  But if your assets go into a Chapter 7 liquidation, any such intent or formal privacy policy promise goes out the door (or so is my understanding, although we may see some change here someday).(Or your angel investors might turn out out to be devils, etc., but Chapter 7 is the one risk that nearly impossible to avoid.)Is there any sign you are losing people due to the lack of a formal privacy policy?Is there any sign that many people care about the usual impenetrable privacy policies?  And how they can be changed without notice?How many people care that Facebook's motto/MO seems to be the opposite of Googles?  Yes, they are big enough there's sometimes a lot of fuss when they do evil, but has it really hurt them?Personally, I'm looking for a (very possibly implicit) "we won't be jerks and we expect you not to be" social contract.  A one liner "we will not share ..." can't hurt, though (I do like to see those), but I'd drop the "never" due to the above control problem that might make it impossible to keep.