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Anyone familiar with Alpha Sights?

Posted on 9/30/23 at 10:14 pm
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
44258 posts
Posted on 9/30/23 at 10:14 pm
They are saying they will pay me 380 dollars an hour to do a consulting call with a client about the industry I’m in. I assume they will want as much as I can give on my former employer. I’m worried about the legal implications and think it’s probably more trouble than it’s worth. On the other hand 380 bucks for an hour call seems worth it if it’s relatively pain free.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
6202 posts
Posted on 10/1/23 at 4:45 am to
I’m a consultant in my industry.
Not gimmicky. Super legit.
Pays immediately.
Prob do one “consultation” every two months.
Has led to other opportunities as well (beta tester for new technology).
Posted by TheWiz
Third World, LA
Member since Aug 2007
11810 posts
Posted on 10/1/23 at 8:06 am to
I don't think I've consulted with them. It's probably legit. You'll have to be screened with a bunch of compliance questions. Sometimes compliance sits on the call. They'll tell you if you're in a gray area. I do it for our industry. $500/hr. They're nice little bumps of money. Set aside 30% as you'll get a 1099 at year end.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3672 posts
Posted on 10/1/23 at 9:28 am to
I avoid these, but believe they are legitimate.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11810 posts
Posted on 10/1/23 at 10:42 am to
How come? Decent money.
Posted by RoyalWe
Prairieville, LA
Member since Mar 2018
3672 posts
Posted on 10/1/23 at 1:27 pm to
I just don't want to be bothered and am at the point in my career where I can decline it. I don't need the money.

Pro tip: I have ignored these requests and sometimes they will follow-up with a higher offer.
Posted by hiltacular
NYC
Member since Jan 2011
19957 posts
Posted on 10/1/23 at 5:18 pm to
Alphasights is legit and extremely easy to work with.


ETA their guidelines for discussing current/previous employers is pretty strict, they definitely will not put you in a bad position
This post was edited on 10/1/23 at 5:19 pm
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
44258 posts
Posted on 10/1/23 at 6:17 pm to
Thanks for the feedback, might be worth learning more. I definitely could use the money and it’s good to hear about the compliance protocols because the last thing I need is to be sued by my ex-employer.
This post was edited on 10/1/23 at 6:24 pm
Posted by lynxcat
Member since Jan 2008
24703 posts
Posted on 10/1/23 at 6:26 pm to
I get these pretty frequently and refuse…but they are legit.
Posted by TheWiz
Third World, LA
Member since Aug 2007
11810 posts
Posted on 10/2/23 at 10:06 am to
I guess I'm greedy. I am on retainer with one group. Do a monthly call and they pay me $1,500 every quarter. The random one-offs for $500/hour are nice for splurge money or an expensive date night.
Posted by Sterling Archer
Member since Aug 2012
7862 posts
Posted on 10/2/23 at 10:08 am to
I’ve done like 5 or so preliminary screening calls with them for different projects but they never hire me
Posted by TheWalrus
Land of the Hogs
Member since Dec 2012
44258 posts
Posted on 10/2/23 at 11:05 am to
Second time I’ve scheduled a ten minute call with the guy and he hasn’t called. First I gave short notice so I was willing to give another shot but I’m done now. I work in an office and went to my car in anticipation and this is just for a screening. What a shitty rep
Posted by TheWiz
Third World, LA
Member since Aug 2007
11810 posts
Posted on 10/2/23 at 11:53 am to
Look into Guidepoint and GLG, if you're really interested.
Posted by lynxcat
Member since Jan 2008
24703 posts
Posted on 10/2/23 at 11:58 am to
quote:

I guess I'm greedy. I am on retainer with one group. Do a monthly call and they pay me $1,500 every quarter. The random one-offs for $500/hour are nice for splurge money or an expensive date night.



Too much conflict of interests with my current employer for me to discuss with the expert networks.
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1590 posts
Posted on 10/2/23 at 1:03 pm to
quote:

BamaCoaster


Set up an LLC to have them pay you or paying directly to self?

TIA
Posted by TheWiz
Third World, LA
Member since Aug 2007
11810 posts
Posted on 10/2/23 at 1:21 pm to
I got an EIN and set myself up as a sole proprietor. This allowed me to set up a solo 401k. I fund this with my steady consulting gig. The one-offs I use for fun money.
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