Live data from Hacker News

One Thousand Dollars an Hour

samsoff.es

51–60 of 167 posts

Re: One Thousand Dollars an Hour

#51
post #26

Holy cow. If CheddarApp justifies a $1000/hour rate, then good programmers could easily justify $100k/hour or better. Lawyers who handle multimillion dollar deals can justify $1000/hour. Security specialists can justify $1000/hour. Some guy who makes a mediocre todo list application can't.

I think security tops out at between 500-600; at that level, we're at a "scanning electron microscope" level of sophistication; this is "design verification for billion dollar cryptosystems" territory.

Re: One Thousand Dollars an Hour

#53
post #35

What is the average hourly rate for high-level engineering consultation? It seems that's the service he's offering, and I don't really think he is overcharging.

About $350/hr

Data points to back that up? That sounds high for mobile dev.

Re: One Thousand Dollars an Hour

#54
There exist many, many things one could do with a computer worth piles of money. Knight just blew $400 million in 45 minutes. What rate could you have charged them in the middle of that for credibly offering a fix?

That's worth a few orders of magnitude more than a lot of work, but there are plenty of companies with revenues in the millions or tens of millions with very specialized IT needs. They might be unable to hire for them or unwilling to spend 6 months interviewing and training when they could hire an expert to parachute in now. That expert might well charge a project rate that works out to a bit of money, but crucially, anchor it to business value rather than things which have a cheap, non-expansive dynamic range like "price per hour."

Re: One Thousand Dollars an Hour

#56
post #51
post #26

Holy cow. If CheddarApp justifies a $1000/hour rate, then good programmers could easily justify $100k/hour or better. Lawyers who handle multimillion dollar deals can justify $1000/hour. Security specialists can justify $1000/hour. Some guy who makes a mediocre todo list application can't.

I think security tops out at between 500-600; at that level, we're at a "scanning electron microscope" level of sophistication; this is "design verification for billion dollar cryptosystems" territory.

With the guy I know who charges like that (although usually more like $50k-100k/mo, for about 50% fulltime), the price also includes his million dollar lab. (SEM, FIB Workstation, ...)

Re: One Thousand Dollars an Hour

#58
post #26

Holy cow. If CheddarApp justifies a $1000/hour rate, then good programmers could easily justify $100k/hour or better. Lawyers who handle multimillion dollar deals can justify $1000/hour. Security specialists can justify $1000/hour. Some guy who makes a mediocre todo list application can't.

The OP didn't say the Cheddar App justifies the rate. He/she just said he/she would rather use the (high) rate to weed out boring projects to focus on his/her own projects

And he/she doesn't have to justify that rate to everyone. If people hire him/her at that rate, it's justified.

a bit off topic.. but I found this he/she thing really annoying.

Re: One Thousand Dollars an Hour

#60
post #56
post #51

Earlier quoted context omitted.

I think security tops out at between 500-600; at that level, we're at a "scanning electron microscope" level of sophistication; this is "design verification for billion dollar cryptosystems" territory.

With the guy I know who charges like that (although usually more like $50k-100k/mo, for about 50% fulltime), the price also includes his million dollar lab. (SEM, FIB Workstation, ...)

At these rates you're also getting access to cryptanalysis.

While I don't doubt that there are security projects that work out to more than $1000/hr, top-tier security people do not as a rule bill anything like that.

For what it's worth: neither do top-tier BigLaw lawyers.

Post reply on HN