Online marketplace for hiring global software developers.
Distro monetizes primarily through marketplace commissions by taking a margin on purchases made within its marketplace. The company generates recurring revenue, processing about three and a half million dollars in annual recurring revenue (ARR).
“we're processing about three and a half million of ARR.”
“Distro generates $3.4M in revenue.”
“the revenue mix also changed. So we have a product where you can buy in a marketplace and we take a margin off of that as well.”
“But it was like $400,000 in ARR. We're like, this is going to be easy. It wasn't like software revenue. This was the cost of the people. This was the marketplace, exactly.”