A Quote by Jon Oringer
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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HubSpot has used the lean startup method to build a spectacularly successful company. What I particularly love about HubSpot is that they are so geeked out on data analysis and making evidence-based decisions, which are at the heart of the Lean Startup process.
It's very important as a startup to get early press because, although it may not be a large number of people, having a 'Fast Company' story - some of those people that read it are going to be your next employees and hires, your next investors.
Oftentimes, secrecy involves creating spaces that are outside of the law but are outside the normal channels of oversight. And I think it's pretty easy to see that if you create spaces that are essentially outside the law, then you're creating spaces where anything can happen.
I suppose it's part of being a good politician to be able to spot the most important men in any group without outside assistance.
I feel like I've been doing performing my entire life. I started taking music lessons and singing when I was about ten. I didn't have one of those creepy stage moms that made me do stuff. I started bands at a pretty young age and played with my friends back in Detroit. I've always known that I wanted to do this. It was all I was ever interested in doing. I never had, outside of music, any extracurricular activities that I took part in.
I take a lean-startup approach: creating agile, interdisciplinary teams that get the minimum viable product to market as soon as possible. It's my job to be entrepreneur-in-residence, an internal change agent.
Average investors are on the outside trying to look into the inside of the company or property they are investing in.
The thing that still exists is that if it's at all possible for me to step outside the club after the show, because I still haven't encountered any comedy clubs that - legally they can't have weed smoking and alcohol at the same facility, pretty much in all the states that have legalized, that's part of the deal. And, unfortunately, comedy clubs make all their money from the selling alcohol part of it. So, since there are no venues I can smoke with the fans in, I step outside and pretty much every show I do there are some people out there and we have a nice little session.
Was I going to start companies outside of Shutterstock or inside? Going public kind of meant I was going to start them inside, and I kind of thought this through and decided that if I was going to do that, I was going to continue to operate Shutterstock like it was an incubator of startups.
We started in our living room on a card table in our living room, and we have a multi-million dollar company and we know it can be done without borrowing a dime. It takes a while to get it started and to turn the wheel over, but the next time it's easier and the next few hundred times, it's easier than that. Have a budget where you reinvest a percentage of every dollar you earn to grow it.
I had started at a small startup as a big-company guy. Now I was leaving a big company as a small-startup guy.
It has become clear that the function of a private health insurance is to make as much money as possible. Every dollar not paid out in claims is another dollar made in profits for the company.
Solitude is the human condition in which I keep myself company. Loneliness comes about when I am alone without being able to split up into the two-in-one, without being able to keep myself company.
For me, I had that reputation as being a guy that did a lot of stuff early on in my career, but to me, at the time I needed to do that in order to be noticed. Eventually, my style evolved and started making it to where every match wasn't about a dive outside of the ring.
I work out every day. It's part of my life. That's one of the benefits of having kids in school full-time. I do it more for my insides than my outside, but the outside gets a nice benefit, too. I feel like my mind is a little quieter when I exercise. And I don't have the best family history heart-wise, so I really try to keep my heart strong.
When I was a kid and a young man I read everything. When I was about 23, I was incredibly lucky in that I wound up with several book review columns, which meant that I had to read huge amounts of stuff that was outside my experience and outside my comfort zone. I think every young writer should be forced to read the kind of stuff they would not normally read for pleasure.
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