Author Topic: Shutterstock's CEO Jon Oringer: Market volatility won't stop me (Read 4658 times)

luissantos84 · « **on:** December 26, 2012, 19:32 »

I hope this hasn't been posted here, guess not


Shutterstock's CEO Jon Oringer: Market volatility won't stop me

Ed · « **Reply #1 on:** December 26, 2012, 20:25 »

scratching my head...

If market volatility evens out over time then why are so many stock agencies cutting commissions, changing their customer's prices, coming up with new pricing schemes, etc. at the expense of their contributors? Over time, wouldn't that work itself out?

THP Creative · « **Reply #2 on:** December 26, 2012, 20:46 »

There was a very eager fisherman there at one point...

aspp · « **Reply #3 on:** December 27, 2012, 05:23 »

Quote from: Ed on December 26, 2012, 20:25

If market volatility evens out over time then why are so many stock agencies cutting commissions, changing their customer's prices, coming up with new pricing schemes, etc. at the expense of their contributors? Over time, wouldn't that work itself out?

Stock market volatility rather than stock-photo market volatility.

gostwyck · « **Reply #4 on:** December 27, 2012, 06:03 »

Some very interesting insights into Oringer's business philosophy. Thanks for posting Luis.

Note, all thee who assume he's going to be selling out soon, when asked whether an IPO was the right direction, he said he had to consider where the business was going over 3, 6 or 9 years.

Great answer to the question of when is the best time to accept venture capital ... "basically when you're bankrupt". Most definitely someone who wants to stay in control of his business.

Poncke · « **Reply #5 on:** December 27, 2012, 12:00 »

Not saying it is so, but he could be repeating the 9 years comment just to throw people off. Just playing devils advocate here.

DavidBaker · « **Reply #6 on:** December 27, 2012, 12:15 »

It is about time he give an increment $$$ royalty raise since inflation and the cost of living is rising.

Poncke · « **Reply #7 on:** December 27, 2012, 12:45 »

Quote from: DavidBaker on December 27, 2012, 12:15

It is about time he give an increment $$$ royalty raise since inflation and the cost of living is rising.

He's already said there wont be any raise

gostwyck · « **Reply #8 on:** December 27, 2012, 12:59 »

Quote from: DavidBaker on December 27, 2012, 12:15

It is about time he give an increment $$$ royalty raise since inflation and the cost of living is rising.

You should already be getting 'a raise' from the growth of the sales volume. SS is growing at roughly 25-30% per annum and that should be reflected in your own earnings, assuming that you are keeping pace and uploading quality content.

From a business perspective he'd be stupid to blow it all for short-term greed. That's what happened to another microstock agency quite recently, remember?

luissantos84 · « **Reply #9 on:** December 27, 2012, 13:15 »

there are many raises at SS for you David as you said you were a newbie in stock 3 months ago

Jo Ann Snover · « **Reply #10 on:** December 27, 2012, 18:13 »

As a serial entrepreneur (and I knew he'd had a company before SS; I didn't know he'd had so many and that he'd never had a "real" job) I think the biggest threat for SS contributors is that Jon gets involved in some new venture and turns the bulk of his energies elsewhere, leaving SS in the hands of a manager who's just doing a job.

I'm guessing as long as it's an interesting challenge for him, hel'll stick around. He's never taken a company public before - this is all new ground for him and thus (I hope) interesting. I think it's entirely possible it seriously isn't all about the money for him, except that the money is a measure of his success and thus of interest to him.

Poncke · « **Reply #11 on:** December 27, 2012, 18:17 »

Quote from: jsnover on December 27, 2012, 18:13

As a serial entrepreneur (and I knew he'd had a company before SS; I didn't know he'd had so many and that he'd never had a "real" job) I think the biggest threat for SS contributors is that Jon gets involved in some new venture and turns the bulk of his energies elsewhere, leaving SS in the hands of a manager who's just doing a job.

I'm guessing as long as it's an interesting challenge for him, hel'll stick around. He's never taken a company public before - this is all new ground for him and thus (I hope) interesting. I think it's entirely possible it seriously isn't all about the money for him, except that the money is a measure of his success and thus of interest to him.

http://www.microstockgroup.com/shutterstock-com/skillfeed-by-shutterstock-inc

its happening

j/k