$10m spent on ODesk – An outsourcing marketplace
ODesk.com, an outsourcing marketplace provider (www.odesk.com), announced yesterday that till date, contracts/projects cummulatively worth $10 million have been executed via the ODesk infrastructure. ODesk was recently featured in the RedHerring 100 Finalists list and positions itself as an on -demand global workforce provider.
I have personally believed in the value provided by upstarts like ODesk. Alhthough marketplaces like E-Lance and Rent-a-Coder have existed for a longer duration, companies like ODesk go beyond the aspect of a market place and try to provide tools that enable its clients to function effectively in that marketplace. Although I am skeptical about its scalability in terms of, what project sizes can it handle, I am sure it will satisfy small and individual projects (Psst… I heard somewhere that the Technorati website was built by outsourcing it to someone via ODesk – I am not completely sure when & where I heard this information though!)
Very Interesting! Just doing the calculations and figured their revenue is probabaly around a Million dollars till date asuuming their commision is 10% for their services. Gives some idea of the commercials.
Karan Singal
April 20, 2007 at 1:37 am