American - Businessman | May 2, 1974 -
I hear so many startups talking about how they can raise VC instead of questioning whether they need it in the first place.
Jon Oringer
TalkingPlaceFirstNeedQuestioning
The problem with taking venture capital is if you take $5m from someone, it may feel great; you may feel like they're validating your business model. But they're giving $5m out to 20 different people, hoping one of them will be a hit. They don't really care if it's you.
BusinessGreatPeopleCareProblem
The best ways of marketing were email and banner advertising, but I needed images... and they were very expensive.
BestAdvertisingMarketingEmail
I like San Francisco, but I don't think I'd want to work in Palo Alto. It seems like a pretty rough commute. In many ways, I think New York has a lot of things the West Coast doesn't have.
WorkNew YorkThinkNewWantPretty
I started Shutterstock out of my own need. I'd previously created a few software companies, and each time, I struggled to find affordable images to use on my websites.
TimeFindMy OwnWebsitesNeedOut
Every time someone downloads a picture, the photographers get paid about 30% of what we charge.
TimePictureSomeonePaidGetEvery
I wanted a CFO with public company experience; I needed an HR department, new office space, and a board which could help me grow the business. Insight, the private equity firm I chose, helped me with all that.
BusinessExperienceSpaceMeHelp
Instagram is great for us because it's encouraging people to shoot more stuff. Some of those snappers will become professional, and they may choose to sell their photos through us.
GreatPeopleChooseProfessionalMay
You can't be afraid of the problem. Don't be afraid of failure; don't be afraid to make mistakes. Make sure you learn from each step; iterate, and stay as efficient as possible without being paralyzed by a difficult situation.
FailureMistakesStepLearnProblem
Business is a string of seemingly impossible problems looking for solutions. Each problem you solve creates a new barrier to entry for your next competitor.
BusinessLookingImpossibleProblems
Problems are good. Impossible problems are even better.
GoodImpossibleProblemsBetterEven
Each time I went to create my website, I needed imagery. It was complicated to get, the process was expensive, I had to negotiate rights. I knew there had to be a better way.
TimeProcessBetterWebsiteCreate
Copyright © 2024 QuotesDict Jon Oringer quotes