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Show HN: Announcing 10x Management

10xmanagement.com

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Re: Show HN: Announcing 10x Management

#4

Does 10x take 10% of whatever the client makes?

10% would be on the low side for either a recruitment agency or, to run with the Ari Gold analogy, a talent agent. 15% would be more realistic, although I see recruiters trying to charge considerably more. Unscrupulous recruiters often will try to hide how much their cut is from their freelancers.

Re: Show HN: Announcing 10x Management

#5
post #4

Does 10x take 10% of whatever the client makes?

10% would be on the low side for either a recruitment agency or, to run with the Ari Gold analogy, a talent agent. 15% would be more realistic, although I see recruiters trying to charge considerably more. Unscrupulous recruiters often will try to hide how much their cut is from their freelancers.

Aside-

Hollywood agents are capped at 10%, Hollywood managers typically are more like 15%. Agents are "forbidden" by California law to produce projects, though that line can be awfully blurry. Managers can't, in theory, directly negotiate contracts. In theory.

A lot of talent ends up with both a manager and an agent, each with their own percentage.

Toss in an attorney at 5+% and you can see how the Hollywood money really flows.

Re: Show HN: Announcing 10x Management

#7
post #4

Does 10x take 10% of whatever the client makes?

10% would be on the low side for either a recruitment agency or, to run with the Ari Gold analogy, a talent agent. 15% would be more realistic, although I see recruiters trying to charge considerably more. Unscrupulous recruiters often will try to hide how much their cut is from their freelancers.

Recruiters for contractors in the UK generally take 20%, i've caught agencies try to take more.

Re: Show HN: Announcing 10x Management

#9
If this was such a good idea, why doesn't it exist for other professions? EG the very best lawyers, accountants etc? Is the supply more contrained for tech people?

Also, freelance IT people typically work through several agents. What happens if you find a role yourself, not through these guys? Do you still have to pay them a cut?

Re: Show HN: Announcing 10x Management

#10
post #4

Earlier quoted context omitted.

10% would be on the low side for either a recruitment agency or, to run with the Ari Gold analogy, a talent agent. 15% would be more realistic, although I see recruiters trying to charge considerably more. Unscrupulous recruiters often will try to hide how much their cut is from their freelancers.

Recruiters for contractors in the UK generally take 20%, i've caught agencies try to take more.

It's gradually getting managed down, I believe, due to Preferred Sipplier Lists etc.
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