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Show HN: Announcing 10x Management

10xmanagement.com

71–80 of 80 posts

Re: Show HN: Announcing 10x Management

#71
I'm a tech strategist with an agent that is not 10X, and I am a very happy guy.

Ted Pearlman at Us Is Two (http://usistwo.com) was referred to me by a former business partner. He was scouring North America looking for someone with legitimate CTO instincts to advise a client on an ongoing basis. Their business (health and nutrition) aligned with my interests and their location (two minutes from my house) aligned with the stars. I met the client and they were nice, interesting people with a profitable business. It's been an exceptionally good relationship; fun and lucrative for them and me.

Ted and I became friends and now we work together often. I'm effective at pitching what I do and selling consulting (I started and co-ran Unspace for 8 years) but it's not what I enjoy doing. However, the real reason I'm excited to work with him is that no matter how good I am at keeping my pipeline full, there's no way that it's better than being recommended by a third party who is paying a fee to find someone with my skills.

Ted authored The Pudding Manifesto (http://puddingmanifesto.org/) and in my experience he puts his money where his mouth is. He sends an invoice up front and says, "don't pay this unless the person I introduce to you is as good as I say they are". You'll have to ask him what percentage of people end up paying.

As for developers uncomfortable with comparisons to celebrity culture and folks that complain about average developers getting left behind... this really isn't about any of that, or at least it doesn't have to be. Ted exhausts huge amounts of energy making genuine connections between people, often at his own expense. He's a hustler with a heart of gold, and has his client's best interest in mind far more often than a lot of the folks HN-types are so eager to take investment money from.

If you have any questions that I haven't answered, please feel free to ask. Moreover, I encourage you to set up a time to speak with Ted: http://usistwo.com/contact

Re: Show HN: Announcing 10x Management

#72
post #40

Something isn't sitting right with me about this. Let me explore (my gut may be wrong here)... I agree that it's important for freelance engineers and designers to have some business help. Being a good "creator" doesn't necessarily mean you're good at negotiations, and while its an important skill, there is something nice about being able to focus on doing the work (and doing a good job) vs having to find the clients…

>I think what's bothering me here is that these guys are perpetuating the notion that, literally, hiring a "celebrity"/"rock star" engineer/designer ("10xer") is something that folks should be paying a huge premium for. Bugs me as well, but probably not for the same reason. It makes me sad how many programmers and engineers who aren't the mythical "rockstars" get left behind in all this. Average programmers. People w…

>the median salary in the industry hasn't kept up with inflation in the past 15 years

What are some of your reasons for believing that? Personal work experience?

Re: Show HN: Announcing 10x Management

#73
post #67

Earlier quoted context omitted.

If my gross rate goes up by 20% and I need to give you a 10% cut, my net rate increase is 8% (possibly less depending on things like taxes). My lizard brain will either try to cut you out of the loop or just forget about the whole thing. Also, social capital. If you are already somewhat networked and you start telling everyone to "talk to your agent", I would guess lots of people would turn up their noses. Yes, it sh…

If your bill rate (paid by the company to me as your agent) is 100/hr, and you give me 10% (10/hr), your pay rate is now 90/hr. If I get 'us' a 20% increase, I'm now billing you at $120 - of that I'm taking 10% ($12), leaving you with $108. You just went from 90 to 108 (20% raise). Not sure where the net 8% is from that you mention. Some might turn up noses if you say 'talk to my agent', because it is a new concept.…

The 8% come from the fact that I don't need you to negotiate the base pay. I was going from $100 without you to $108 with you.

Re: Show HN: Announcing 10x Management

#74
post #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?

I think there's a fallacy in there; just because something hasn't been done doesn't make it a bad idea. Otherwise we should just stay shivering in the metaphorical cave.

But I think it's commonly accepted that there's a huge performance difference between a good programmer and a bad programmer. People disagree as to the ratio of course; I've heard between 3x and 100x. I don't believe that's as widely mentioned for lawyers or accountants. So technology talent seems like a great place for 10x to start.

Re: Show HN: Announcing 10x Management

#75

Earlier quoted context omitted.

Would you care to elaborate?

The reason artists have agents is so they can get work. Because there are more artists than paid work. Programmers are in such demand that one does not need for such thing. Thus, this kind of service popping up signals that there is so much frees money flowing around (the bubble) that people are looking for ways to grab a bunch and runaway. Let's be honest here. Aside from the ego stroking of having an agent, what va…

>The reason artists have agents is so they can get work. Because there are more artists than paid work.

Plenty of hot, in-demand artists have agents.

Re: Show HN: Announcing 10x Management

#76

Earlier quoted context omitted.

>I think what's bothering me here is that these guys are perpetuating the notion that, literally, hiring a "celebrity"/"rock star" engineer/designer ("10xer") is something that folks should be paying a huge premium for. Bugs me as well, but probably not for the same reason. It makes me sad how many programmers and engineers who aren't the mythical "rockstars" get left behind in all this. Average programmers. People w…

>the median salary in the industry hasn't kept up with inflation in the past 15 years What are some of your reasons for believing that? Personal work experience?

http://www.npr.org/2013/02/19/172373123/older-tech-workers-o... somewhat casually mentions the stagnation according to the Bureau of Labor Statistics. It's remarkably difficult to find wages by year.

Re: Show HN: Announcing 10x Management

#77
There's no question that great people working together w/ clarity and harmony can do amazing things. But selling yourself as a 10x anything to someone you don't know isn't very useful. A "10x" developer working for a "10x" boss with different priorities & values is not going to end well.

Re: Show HN: Announcing 10x Management

#78
post #67

Earlier quoted context omitted.

If your bill rate (paid by the company to me as your agent) is 100/hr, and you give me 10% (10/hr), your pay rate is now 90/hr. If I get 'us' a 20% increase, I'm now billing you at $120 - of that I'm taking 10% ($12), leaving you with $108. You just went from 90 to 108 (20% raise). Not sure where the net 8% is from that you mention. Some might turn up noses if you say 'talk to my agent', because it is a new concept.…

The 8% come from the fact that I don't need you to negotiate the base pay. I was going from $100 without you to $108 with you .

Oh. Nice job and congrats on the raise. I think that the recruiter's rate (margin) in that scenario should stay static.

Re: Show HN: Announcing 10x Management

#79
post #46

Earlier quoted context omitted.

Fair recruiter reward for a flat percentage? Fair to the talent, certainly, but assuming I'm getting a low flat percentage that is much better for the talent. If I'm at 10%, you ask me for $100, and I get you $300 because I'm a master negotiator, I just made an extra $20/hr and you made an extra $180/hr. I did all the work there, didn't I? Is your coding going to be 3 times better because I negotiated you a 3 times b…

> I just made an extra $20/hr and you made an extra $180/hr This is implying you would be negotiating as long as I will be coding. But once the client signs the contract your work is pretty much over and you will get $20/hr even if you sit at the pool.

My negotiating a higher rate for you is like an annuity, since your earnings every hour have increased for the same level of work. So you are rewarded every hour for the fruits of my labor. Yet I should only be rewarded once?

Re: Show HN: Announcing 10x Management

#80
post #79

Earlier quoted context omitted.

> I just made an extra $20/hr and you made an extra $180/hr This is implying you would be negotiating as long as I will be coding. But once the client signs the contract your work is pretty much over and you will get $20/hr even if you sit at the pool.

My negotiating a higher rate for you is like an annuity, since your earnings every hour have increased for the same level of work. So you are rewarded every hour for the fruits of my labor. Yet I should only be rewarded once?

No, you get a percentage and the more hours I work the better for you?
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