Shutterstock CEO Jon Oringer and Squarespace CEO Anthony Casalena differ on need for IPOs to build billion-dollar companies Under30Summit
share insights at Forbes’ Under 30 Summit in Detroit on October 28, 2019.Taking your startup public isn’t a requirement to building a billion-dollar business— maybe ever.
“If you’re able to do it, eventually it’s going to happen. If you’re successful, you’re going to be out, but it’s an intimidating process,” Oringer said. “I was sitting there in 2012 saying, ‘It would be nice to have that kind of instrument for my employees. It would be good to have kind of transparency for the enterprise customers that we are trying to build the business into.’ And we just kind of went for it.
“We’re at a size where we could be public, with about half a billion in revenue this year, a little bit over 1,000 employees and profitable these days,” he said. “For us, because there isn’t an immediate need to raise more capital for the business . . . just making sure that we do that at the right time where we really feel like our business model is going to be valuable. And we’ve got some control over our growth rate and profit margin.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mars CEO breaks down the transformation of the $35 billion company - Business Insider'Everything ... is radically different from when I started,' said Mars' CEO Grant Reid told Business Insider.
Read more »
Mars CEO: Automation means 'massive obligations' to workers - Business InsiderAutomation is radically transforming businesses, with McKinsey estimating that as many as one-third of American jobs will disappear by 2030.
Read more »
Next Billion-Dollar Startups: Truepill’s Dose Of Digital Disruption To The $400 Billion Pharmacy IndustryAmerica has been buying medicine the same way for centuries, creating a $400 billion industry. Fast-growing Truepill wants to deliver a dose of digital disruption.
Read more »
Fiat Chrysler's CEO says the carmaker could buy technology from TeslaFCA CEO Mike Manley indicated that the company might 'buy' rather than 'build' basic EV platforms, with Tesla as a supplier.
Read more »
Next Billion-Dollar Startups: Truepill’s Dose Of Digital Disruption To The $400 Billion Pharmacy IndustryAmerica has been buying medicine the same way for centuries, creating a $400 billion industry. Fast-growing Truepill wants to deliver a dose of digital disruption.
Read more »
Next Billion-Dollar Startups: Truepill’s Dose Of Digital Disruption To The $400 Billion Pharmacy IndustryAmerica has been buying medicine the same way for centuries, creating a $400 billion industry. Fast-growing Truepill wants to deliver a dose of digital disruption.
Read more »