American - Businessman | May 2, 1974 -
I think that initial independence is very important; that's what being an entrepreneur is all about.
Jon Oringer
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I believe anything has to be possible. You have to be able to face any problem that comes along and unravel it into a solution.
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Many entrepreneurs think that cash is the ultimate solution to all of their problems: the one thing standing between them and their dreams.
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Some people are serial entrepreneurs and want to just move on to the next thing. They just want to clean the slate and start from scratch. I feel that sometimes, too, and the way that we do that here is we build things inside Shutterstock: we launch new products all the time.
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Shutterstock's ability to cultivate a healthy and expanding marketplace for both customers and contributors remains a key competitive advantage and a crucial component of our sustained growth.
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The best thing is to go public only when you're absolutely sure that's the right move for the company. And in order to make sure that is the case, you need to have as much control over the company as possible, which means not giving up control early on.
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Working with limited resources is an excellent way to hone skills that will serve you well for the rest of your career. You will prioritize profitability from the start.
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I hadn't really worked in an office before Shutterstock, so I didn't have the experience of building a culture, nor did I understand how important that is for attracting and retaining the best talent.
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The decisions you make affect a lot of people. You have investors, employees, and customers who all rely on you. Being a leader is a 24-hour-a-day job.
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I started Shutterstock without any outside funding; I believe in creating a lean startup. By not taking outside investors early, I was forced to use every dollar I had as efficiently as possible. And I was able to keep a large part of the company.
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I love meeting contributors and hearing how we inspire them to create art. I'm also proud of creating hundreds of jobs.
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There's tonnes of room for more people in the tech market, and there are lots of content gaps that have still not yet been tapped into.
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