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10X doesn't ask for nor take 15% of gross income from their clients. That statement is not accurate. All of my projects through 10X have been considerably longe
by gregjor 12y ago
10X doesn't ask for nor take 15% of gross income from their clients. That statement is not accurate. All of my projects through 10X have been considerably longer than 2 months.
- anonymous30x 12y agoI'll clarify: 15% of all contract programming revenue. As I'm a contract programmer, that's all of my revenue. But they did say they won't take a fee on your day job if you have one. They told me their average project is 1 - 2 months. That's from them, not me. Maybe you've been lucky. But if you're not giving them 15% of your contract development revenue then you may want to review your contract: you either got a special deal or you're in breach of contract. They even take their fee on any equity you're awarded.
- gregjor 12y agoI don't want to get into details of my contract with 10X. I'm not in breach, I certainly wouldn't be posting about it here if I was. I negotiated the terms of my contract with 10X when I signed up. All contracts are negotiable. I've worked through other consultancies and placement firms that have similar contractual terms. I've had full-time job agreements that included strict non-compete clauses and claims of ownership of any inventions or work I did while employed there, and sometimes extended one or two years after employment terminates, subject to applicable state law.