Yes - I try to hire a lot of experienced developers. There is no hand-holding, with them. If I hire someone skilled and with a lot of experience, I can give them vague requirements and a general deadline, and I know that I'll get something high quality, that just works, and that's probably better than I original spec'd.

I don't like risk, but that's just me. I know I could hire more inexperienced (e.g. cheaper) staff. But, there's just a lot more risk that goes with that. I'd rather pay someone good, a lot, and know I can sleep at night.