Here are the steps I did:
firebase init functions
and chose one of my existing projectsCan someone help me with what could possibly go wrong here?
The video you're referring to is out of date. The Firebase CLI was recently updated to use ESLint instead of TSLint for checking possible code errors. According to the release notes for CLI version 8.11.0:
Replaces tslint with eslint as the default linter in new Cloud Functions for Firebase directories.
These tools both do similar things - check code for warnings. Neither of these lint tools affect the way the code actually work. You can just take the default, and it won't matter much.