New York

Silicon Alley has its first billionaire: Shutterstock CEO Jonathan Oringer

shutterstock
Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here!

If you’re a startup founder looking to make it big, New York’s becoming a pretty good place to do it.

Jonathan Oringer, the founder and CEO of stock photography company Shutterstock, has become the first billionaire of Silicon Alley, as Bloomberg reports.

Oringer, who controls over half of Shutterstock, owns 18.5 million shares of Shutterstock stock, which have been on a tear since the company went public last October.

The 39-year-old’s success comes in the middle of what’s been a very good few months for the New York City tech scene. In May, Yahoo bought New York-bred Tumblr, and just last week 3D printing giant Stratasys acquired the Brooklyn-bred MakerBot. Silicon Valley had better watch its back.


VentureBeat’s VB Insight team is studying marketing analytics... Chime in here, and we’ll share the results.