After earning his master's degree from Columbia in 1998, Oringer quickly found success as an entrepreneur. Not too long after, however, he became a failed entrepreneur, he told the class of '14.
After leaving school, Oringer built a business that blocked pop-up advertisements and took off so fast, he was able to pay back his student loans.
"I thought I was going to sell pop-up blockers forever," Oringer said. "And just as fast as my business took off, it came crashing back down to Earth--all due to one company."
That company was Microsoft. The tech giant built a pop-up blocker right into Internet Explorer. It took down Oringer's startup virtually overnight. While Oringer pondered what to do next, he nearly went broke.
"I wanted to build something lasting, something of value. So I knew what I had to do. I had to double down on failure," he said.
All at once, Oringer started up four new businesses: a dating site, an advertising network, an online will creator, and a stock photography agency. Three of the businesses failed miserably.
But one, the stock photography startup that would become Shutterstock, took off. Oringer said that, yes, launching four businesses at once was extremely risky.
"You could say I was setting myself up for failure," he said. "But then again, failure was the only path I knew to success."
For more on how to get back in the game after a major disappointment, check out the rest of the speech below.