Great article. I'm on the end of the bootstrapped startup, not the freelancer, but I've read so many blogs and heard many podcasts with freelancers. I'm trying to be the best client possible because I want to work with top-knotch talent on a repeated basis. It's very hard to find great developers and designers because they're often booked solid (because they can pick and choose their clients).
Thanks for this, I'm gearing up to move into freelancing myself either this year or next, so I'm glad to read about other people's experiences wherever I can!