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One Thousand Dollars an Hour

samsoff.es

91–100 of 167 posts

Re: One Thousand Dollars an Hour

#91
I don't get why everyone is so up in arms about this. I come across folks every day who say they charge "$x" or "$y" and think it's way above market rate for what they say they do.

The reality is that perhaps this guy and his todo app might score some work at that rate or he might not, it's his prerogative to decide what he wants to charge.

I might look at someone elses folio today and when they tell me they want $500 a day I'd look at their work and think good luck.

There's a massive difference between saying what you charge and what you actually charge on the invoice at the end of the day.

Re: One Thousand Dollars an Hour

#93
post #79
post #2

Also worth noting on his "hire me" page ( http://hire.samsoff.es/ ): "I prefer not to sign NDAs. If this is a requirement for you, there is a $10,000 fee to sign your NDA. You will need to sign my consulting agreement. It has confidentially agreement included." He then has a very simple work-for-hire contract that includes an NDA. There's something appealing about this approach, because reading arcane contracts while…

Is this an American speciality? In most legal systems, confidentiality is part of hiring someone. You often sign an NDA nevertheless but its value is mostly declarational.

"In most legal systems, confidentiality is part of hiring someone."

I assume you're talking about European systems, in which case it's not true, at least not to a significant extent. And when you hire a contractor it's even less defined - a contractor can freely talk about what kind of work he did for a company, right down into quite specific detail, without a proper NDA or clause to that extent in the contract.

Re: One Thousand Dollars an Hour

#94
post #89

Earlier quoted context omitted.

There's an anexdote for that: woman is strolling through a local park, when she happens upon Pablo Picasso sitting on a bench. Struck by her good fortune, she summons the courage to speak to him. “Excuse me. You’re Pablo Picasso right?” The man smiles. “Would it be possible to have you sketch my portrait? I’ll pay.” Picasso accepts the offer. He considers the woman carefully for a few moments and then takes out a pen…

This kind of dynamic exists in a few professions. About a year ago I was locked out of my house and had to call an emergency locksmith - the cost was around $150. He turned up and inserted a piece of rigid plastic into the gap between door and frame, opening the lock. The process took 5 seconds, and I immediately realized that, given the knowledge that this would work, I could have opened the door myself using a cred…

You obviously don't watch enough sitcoms if you didn't know that would work.

Ok, granted, I saw this and until I visited the US I didn't believe it would work (it wouldn't in most doors I've seen). But in the US, we tried, it opened every locked door in the house.

So yeah, the lesson to be learned from this is next time to at least try some hair brained ideas before calling someone. :)

Re: One Thousand Dollars an Hour

#95

Good for Sam. Now you just need to get your prospective clients to get wind of this, right before you quote them your steal of a $300/hour rate. Level-setting is a powerful thing.

I don't think that is the point at all. His own projects are so important to him that unless someone offers him $1,000 per hour to work for them, it isn't worth his time. He isn't trying to get new business: he's trying to keep business away, unless it's so lucrative ($10,000 for 1 days work) that it's nonsensical not to take it.

Re: One Thousand Dollars an Hour

#96
post #39

Sam's resume: http://assets.samsoff.es/pdf/Sam%20Soffes%20Resume.pdf This, to me, is more surprising than the rate.

To quoteth: "It's easy to use on your iPhone, iPod touch, iPad. Cheddar is ... instantly in sync on all of your devices"

I don't think he understands what the word all means. Just me 2cents.

Re: One Thousand Dollars an Hour

#97

Is $1000/hr really a fuck-you rate for IT? Coming from finance and eyeballing management consulting rates that are a healthy multiple of those I didn't get the marketing ploy at first.

Are we talking about $X000/hr for a single finance/consulting professional's time? That rate seems rather unbelievable, but maybe only senior folk in the top-tier firms get to charge that? Are market conditions in finance/consulting just that skewed towards the suppliers?

Re: One Thousand Dollars an Hour

#98
Sam, I really like your branding for Cheddar, and you have a consistency about your personal brand as well. And you're stirring the pot dude! That counts for something.

Personally, I think the $1000/hr isn't too much, especially if someone is getting branding advice from you.

Good luck!

Re: One Thousand Dollars an Hour

#99
post #88
post #58

Earlier quoted context omitted.

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.

a bit off topic.. but I found this he/she thing really annoying. Then use singular they. See http://motivatedgrammar.wordpress.com/2009/09/10/singular-th... for verification that this is acceptable English.

I don't like the singular they. I find it far more annoying than the generic he or the construct of he or she.

The generic he actually has an interesting history. In Old English, the word wifman (-> woman) is a masculine noun and wif (-> wife) is neuter. This is because man though meaning basically "human" is a masculine noun so any compound of -man is also masculine. If one wants to specify a male man in Old English one either uses wer (counterpart to wif, survives in werewolf, which is why I joke that all werewolves are by definition male) or wapman which is the counterpart of wifman.

This led to an interesting problem. If you are talking about a specific woman and have perfect gender agreement, then "he" has to be used to refer to "woman." That makes things hard to read and so Old English has a rule which is that you ignore the grammatical gender of the word when you refer to a specific person. If we applied this to modern English we'd have amazing constructs like:

"I went to the store and the woman at the cash register told me that I needed to give her an extra $5."

vs

"Any woman thinking about getting married should make sure that he has some level of financial independence first."

The first is specific while the second is generic. He in the second refers to "any woman" not her prospective spouse!

Similarly "My wife says she isn't up to coming to the party this weekend" but "A wife today still finds it has to do a majority of the housework."

I don't like mixing numbers though. If "they" is an acceptable singular why isn't "it's" an acceptable possessive?

Re: One Thousand Dollars an Hour

#100
Well if demand can sustain the price on a daily basis then good luck to him/her ... and I'm very jealous.

Work like this would tend to be ad-hoc, not 9-5, and the work he's received so far (in his example) would seem more like what an architect might charge to make a drawing or two.

So the price seems entirely fair if the skills really are specialist enough to demand it.

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