New York's Tech Scene Mints Its First Billionaire
The New York tech scene, dubbed Silicon Alley, has gotten a lot of PR of late, with hot companies like MakerBot, Tumblr, Etsy and Foursquare and the high-profile venture firm Union Square Ventures. But it wasn't until today that it produced a billionaire founder.
The New York tech scene, dubbed Silicon Alley, has gotten a lot of PR of late, with hot companies like MakerBot, Tumblr, Etsy and Foursquare and the high-profile venture firm Union Square Ventures.
And yet it wasn’t until today that it produced a billionaire founder, according to a Bloomberg Report.
And the lucky winner was … Jonathan Oringer, the founder of the unsexy but solidly profitable Shutterstock. (Full disclosure: MediaBistro subscribes to a low-cost Shutterstock plan.)
Oringer, 39, owns about 55 percent of Shutterstock, which has performed well since a 2012 IPO.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in