Dear Shutterstock customers, contributors, employees, and stockholders,

It has been an amazing privilege to lead this great company for 16 years as Chairman and Chief Executive Officer. Thanks to our incredible team and the support of our loyal customers, contributors and stockholders, Shutterstock has grown into a premier player in…

We’ve all heard the story: Brilliant founder raises millions of dollars in venture capital and attains new heights of wealth and success. While this has been true in a few exceptional cases, I’m fascinated by how often this narrative is portrayed in today’s media. It has become commonplace in the tech industry for companies to be considered successful (or on a path to success) only if they have the validation of raising millions by venture capitalists.

That’s why, when I get asked, “When is the right time to take on VC funding?” my answer — “In a lot of cases, never” — is often met with surprise.

Read more here: http://recode.net/2014/09/11/the-myth-of-venture-capital/

Jon Oringer

Founder & Executive Chairman 「@Shutterstock」. Serial Entrepreneur. Commercially rated helicopter pilot. http://www.shutterstock.com

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