I was having a conversation with someone I vaguely knew about their startup and what they were trying to get developed. He told me about his challenges and dead

I was having a conversation with someone I vaguely knew about their startup and what they were trying to get developed. He told me about his challenges and deadlines, and how hard it was to find a good development agency overseas. I told him he should hire me to get it done, but naturally like most guys like this, he was blown away by my San Francisco rate. He put a finger in my face and asked why would he hire me when he could hire an agency from Russia or Pakistan for a fraction of the cost? No thanks, he said. No thanks. After a long time I asked a mutual acquaintance whatever became of this guy and his startup. He told me that guy was a bit of a lunatic, but had eventually spent about $250k with some local agency and ended up with a broken product that did not do what he asked, he had got a refund for $100k but was suing to get the other $150k back. Don’t know if he ever did get it.