Chad Ingram
- CEO at Distro
GetLatka interviews
How Distro Reached Profitability in Under Two Years as a Global Hiring Marketplace (Interview with CEO Chad Ingram)
Chad Ingram (CEO of Distro) gave a talk on March 17, 2023.
Distro figures from the talk
- Profitable (2023)
- Yes
- First Paying Customers
- June 2022
- Countries Supported for Payments (2023)
- 200+
- Founded
- 2021
“We went ahead and put the idea together in the fall of twenty twenty one and then in this by the spring of twenty twenty two, we started selling in April, and then in June, we started having our first contract or customers that that we are invoicing”
“Create a list of people you know and you don't know, make it 10, but get in touch with at least five of them and I can with a lot of confidence, over 90% confidence tell you that if you ask these people a few simple questions, you know, they would answer you in a way that surprise you.”
“If you do $20,000 in net sales a month and you need to hire somebody who's going to cost you $12,000, go for it. If you did 8,000 and you know you have somebody who's going to cost you 12, you need to wait another month or sell some more.”
How Distro Reached Just Under $1M Annual Rake Run Rate Helping SaaS Companies Hire Engineers Globally (Interview with CEO Chad Ingram)
Chad Ingram (Founder and CEO of Distro) spoke to Nathan Latka on July 6, 2022.
Distro figures from the interview
- Annual Rake Run Rate (2022)
- Just under $1M
- Customers (2022)
- 11
- Developers Placed (2022)
- 25 to 26
- Team Size (2022)
- 8
- Monthly Net Profit (2022)
- $15,000 to $20,000
“So Distro is essentially a marketplace for American tech companies, now American tech companies to, to hire qualified software developers around the globe and to be able to pay them. So Distro itself is a marketplace where you could find and hire. And our technology is really based around the payment infrastructure to be able to issue payments to other countries.”
“So what we do is we take a rake off of the payroll number. So when a developer is introduced to one of our customers, they just see one, you know, automated number to say like, all right, this is the cost of this developer. And that's the all in cost. And so they don't have to worry about like a subscription fee or payroll taxes or anything like that.”
“So we'll end up keeping it, it depends on the geography. So usually Asian countries and India, can take a little bit more, but it really just depends on the geography, but we try to get to 25% generally.”
Bio
Chad Ingram has had two successful exits. His last was Jump, a customer engagement application that was acquired by Reputation.com. Chad quit school during his final semester to become an entrepreneur and never looked back. Now Chad is the founder and CEO of Distro. He has two children and an incredible wife. He's an off-road race car driver and loves to solve problems using technology.