Patrick Lor is no different, having been the first employee at the very successful iStockPhoto.com in 2001, where he served as EVP and director until its sale in 2006. Together with founder Bruce Livingstone, he turned a community of photographers into an innovative and disruptive business model where the community could profit together with the company.
And a successful model it is. In 2006, iStockPhoto sold to Getty Images for $50 million. Last year, iStockPhoto had $72 million in revenue, sharing $20.9 million of that with its community. Amazing. It's exactly that kind of cooperative partnership with the artistic community that we're attracted to.
Oh and in case you are wondering: Patrick is the caricature circled in red from our About page: