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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.

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Jon Oringer

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I needed to make the buyer happy: I needed to provide a price point and sort of a model that was attractive to them. But I also needed to make the contributor happy.

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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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May 3, 2024

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.

Previous

May 3, 2024

I needed to make the buyer happy: I needed to provide a price point and sort of a model that was attractive to them. But I also needed to make the contributor happy.

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