The Myth Of Venture Capital, A Chat With Jon Oringer, Founder And CEO, Shutterstock
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The often told story of startup founders raising millions of venture capital dollars is a beacon of the tech industry and one of the topic indicators for success in the community. However, does more money raised lead to more success? Jon Oringer, founder and CEO of Shutterstock, believes in VC, but he also believes that “the best way to start a company is by bootstrapping it yourself,” and points to stories of some of the biggest bootstrapped companies ever: Craigslist, Paul Mitchell, Patagonia, and Burt’s Bees, despite the fact that: “we have created a tech culture that celebrates the act of securing capital as an achievement.” Furthermore, in this session Jon discussed the tools out there to start your own business from only a few thousand dollars and developing a solid foundation that will give your business the best chance of succeeding.
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