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" Problems are good. Impossible problems are even better. "
Jon Oringer
Even
Better
Impossible
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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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" Just as we are enhancing the customer side of our marketplace, we are also looking for ways to increase our contributor expense. "
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" The best ways of marketing were email and banner advertising, but I needed images... and they were very expensive. "
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" Nobody is opposed to paying taxes; governments need to coordinate, work together and simplify the law. "
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" We believe PremiumBeat will accelerate our mission to make licensable music accessible to every creator. "
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" Any business that is trying to sell something should be willing to spend a couple dollars for a stock photo to not have ads in it and not distract the user from using the product they're trying to sell. "
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" To make a computer do something that would take a human a long period of time was always interesting. "
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" Editorial imagery licensing includes celebrity, entertainment, sports, and news images that capture what is happening in the world around us. "
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Capture
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" We look for the scrappy entrepreneur: the kind of person who will get things done without looking to spend money right away. "
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Looking
Entrepreneur
Done
" At around 50 employees, you get to the point where you can't see what's going on all the time. So you start to have weekly check-ins, and you have days that go by without knowing exactly what's going on. "
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You
Time
Go
" I opened up Shutterstock to the whole world. I created a contributor community that anyone could give stock photography a shot. "
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Up
Community
Shot
" Try to rally up as many people as you can with as much information as you can to try to get it to appear in front of the right people in the organization who are the decision-makers to greenlight the project. "
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Organization
You
People
" On average, an e-commerce client who evolves into a premier enterprise client increases their annual spend by 10 times in that first year. "
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Year
Average
E-Commerce
" 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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Who
People
Job
" I think, as an entrepreneur, you have to see the unlimited amount of potential but concentrate on your day and just keep building. "
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Think
Potential
Day
" When I started Shutterstock, I tried to get people access to big events. It's very hard to keep up, to publish them quick, and to get the right photographers. "
Jon Oringer
Quick
Hard
Events
" Many entrepreneurs have shifted their focus to pursuing VC funding as a primary strategic priority instead of concentrating on generating value for their users. This is worrisome because raising capital alone is misleading as a benchmark for success. "
Jon Oringer
Focus
Alone
Because
" Evolution has been the key tenet of success over the past 13 years, and we have transformed from a single subscription e-commerce image business into a company with a diversified portfolio of content offerings, servicing the needs of businesses of all types and sizes globally. "
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Business
Success
Past
" 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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Rest
Skills
Start
" I met with several public company CEOs to learn about their experiences of going public and listened to as many earnings calls as I possibly could. "
Jon Oringer
Company
Going
Learn
" By investing in diverse asset types from SD video to HD video to 4K video, we can satisfy the video needs of a wide array of users. "
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Asset
Video
Satisfy
" 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. "
Jon Oringer
You
Mistakes
Failure
" I figured managing people was obvious - I'd tell someone what they needed to do and they'd do what I wanted. It turns out that's not the case. It was frustrating at first. "
Jon Oringer
Tell
Someone
People
" 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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Control
Giving
You
" There is a lack of talent in technology, and we need to be encouraging kids in school to learn how to code. We need to encourage computer science as a major. We need to encourage entrepreneurism. "
Jon Oringer
School
Technology
Talent
" Rex has photographers around the world - it's a higher touch business: there are a lot of relationships involved. If you throw an event, there are certain photographers you've worked with before and you want there. "
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You
World
Relationships
" I shot images of everything I could find over the course of a year. I would go all over the world and take pictures. In a day, I could easily take thousands. "
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Day
Over
Pictures
" I hear so many startups talking about how they can raise VC instead of questioning whether they need it in the first place. "
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Place
Talking
First
" As I saw more and more people buying the images that were happy buyers, and people selling the images that were happy with how the market was pricing them, I started to get the sense this could be the go-to place for businesses to get the images they need. "
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Selling
Need
People
" It's typical for video customers to often use licensed music - whether a soundtrack, background music, or sound effects - to complement their video projects. "
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Customers
Music
Use