See my comment to the person above, /re why competitions are soul-sucking experiences for designers. Also, to your point about charging 50%+. Word is, 99Design

See my comment to the person above, /re why competitions are soul-sucking experiences for designers. Also, to your point about charging 50%+. Word is, 99Designs used to do very well, up until the point when the founder took on a huge VC investment and left the company. I guess since their business model is pretty much tapped out, they figured that raising margins would fix the slow growth.