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{{Short description|American businessman}}
{{Use mdy dates|date=April 2017}}
{{Use mdy dates|date=April 2017}}
{{Infobox person
{{Infobox person
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| caption =
| caption =
| birth_date = {{birth date and age|1974|05|02}}
| birth_date = {{birth date and age|1974|05|02}}
| birth_place = [[Scarsdale, New York]], US
| birth_place = [[Scarsdale, New York]], U.S.
| nationality = American
| other_names =
| other_names =
| education = [[Stony Brook University]]<br />[[Columbia University]]
| education = [[Stony Brook University]]<br />[[Columbia University]]
| employer = [[Shutterstock]]
| title = Founder and CEO, [[Shutterstock]]
| title = Founder/CEO
| networth = $1.0 billion (April 2017)<ref>{{cite web|url=https://www.forbes.com/profile/jonathan-oringer/?list=billionaires |title=Jonathan Oringer |work=Forbes.com |date=January 1, 1970 |accessdate=April 30, 2017}}</ref>
| website = [http://jonoringer.com/ JonOringer.com]
| website = [http://jonoringer.com/ JonOringer.com]
| footnotes =
| footnotes =
}}
}}


'''Jon Oringer''' (born May 2, 1974) is an American programmer, photographer, and [[billionaire]] businessman, best known as the founder and CEO of [[Shutterstock]], a [[stock photography|stock media]] and editing tools provider<ref name="mfasteasy"/> headquartered in New York City.<ref name="Forbes-10-28-2013"/> Oringer started his career while a college student in the 1990s, when he created "one of the Web's first [[pop-up blocker]]s."<ref name="Forbes-10-28-2013"/><ref name="gjonathanorigner"/> He went on to found about ten small [[startup company|startups]]<ref name="hgittleson"/> that used a subscription method to sell "personal [[firewall (computing)|firewalls]], accounting software, cookie blockers, trademark managers," and other small programs.<ref name="Forbes-10-28-2013"/>
'''Jon Oringer''' (born May 2, 1974) is an American programmer, photographer, and billionaire businessman, best known as the founder and CEO of [[Shutterstock]], a [[stock photography|stock media]] company headquartered in New York City.<ref name="Forbes-10-28-2013"/> Oringer started his career while a college student in the 1990s, when he created "one of the Web's first [[pop-up blocker]]s."<ref name="Forbes-10-28-2013"/><ref name="gjonathanorigner"/> He went on to found about ten small [[startup company|startups]]<ref name="hgittleson"/> that used a subscription method to sell "personal [[firewall (computing)|firewalls]], accounting software, cookie blockers, trademark managers," and other small programs.<ref name="Forbes-10-28-2013"/>


In 2003, Oringer founded Shutterstock to provide [[microstock photography]], which has been publicly traded on the [[New York Stock Exchange]]<ref name="nyse-release"/> since 2012.<ref name="nyse-release"/><ref name="s-1-report"/> As a result of going public, in 2013 Oringer was reported to be New York's first tech billionaire.<ref name="Forbes-10-28-2013"/> Shutterstock had over 100,000 contributors as of March 2016,<ref name="fapa"/> with an "active customer base of 1.4 million people in 150 countries."<ref name="bestentrej"/> Among other accolades, in 2012 Oringer was named New York's Technology Entrepreneur of the Year by [[Ernst & Young]],<ref name="ernsyounga"/> and the following year Oringer was recognized as one of ''[[Crain's New York]]''<ref name="crain'sunderforty"/> 40 Under 40.<ref name="nCRAINS"/>
In 2003, Oringer founded Shutterstock to provide [[microstock photography]], which has been publicly traded on the [[New York Stock Exchange]]<ref name="nyse-release"/> since 2012.<ref name="nyse-release"/><ref name="s-1-report"/> As a result of going public, in 2013 Oringer was reported to be New York's first tech billionaire.<ref name="Forbes-10-28-2013"/> Shutterstock had over 100,000 contributors as of March 2016,<ref name="fapa"/> with an "active customer base of 1.4 million people in 150 countries."<ref name="bestentrej"/> Among other accolades, in 2012 Oringer was named New York's Technology Entrepreneur of the Year by [[Ernst & Young]],<ref name="ernsyounga"/> and the following year Oringer was recognized as one of ''[[Crain's New York]]''<ref name="crain'sunderforty"/> 40 Under 40.<ref name="nCRAINS"/>


==Early life and education==
==Early life and education==
Jon Oringer was born in 1974<ref name=BusinessweekSiliconAlleyBillionaire/> in [[Scarsdale, New York]], where he spent his childhood.<ref name=Elite/> He began learning [[computer programming]] in [[elementary school]]<ref name="Forbes-10-28-2013"/> at the age of five,<ref name=Elite/> using his [[Apple IIe]] to code "simple games and plug-ins for bulletin board systems."<ref name="Forbes-10-28-2013"/> As he grew older he also developed his own photos as a hobby.<ref name="ibusinesman"/> Attending [[Scarsdale High School]] from 1988 to 1992,<ref name="fjonoringer"/> by the age of fifteen Oringer was teaching guitar lessons for cash,<ref name="ethenewyties"/> later moving on to fixing computers out of his parents house<ref name="hgittleson"/> when he realized it was more lucrative.<ref name="ethenewyties"/> Oringer started selling his own software products over the internet<ref name="ethenewyties"/> when he began attending [[Stony Brook University]] in 1993,<ref name="fjonoringer"/> inventing and selling thousands of copies of what ''[[Forbes]]'' describes as "one of the Web's first [[pop-up blocker]]s."<ref name="Forbes-10-28-2013"/><ref name="gjonathanorigner"/> After graduating with a [[Bachelor of Science|BS]] in [[computer science]] and mathematics in 1997,<ref name="fjonoringer"/> from 1996 to 1998 he studied computer science at [[Columbia University]], graduating with an [[Master of Science|MS]].<ref name="fjonoringer"/> While enrolled at Columbia he continued "trying to create products to complement the pop-up blocker,"<ref name="Forbes-10-28-2013"/> using a subscription model<ref name=HotTopics/> to sell "personal [[firewall (computing)|firewalls]], accounting software, cookie blockers, trademark managers," and other small programs.<ref name="Forbes-10-28-2013"/> Oringer estimates that he founded about ten small startup companies, most of which had Oringer as the sole employee.<ref name="hgittleson"/>
Jon Oringer was born in 1974<ref name=BusinessweekSiliconAlleyBillionaire/> in [[Scarsdale, New York]], where he spent his childhood.<ref name=Elite/> He began learning [[computer programming]] in elementary school,<ref name="Forbes-10-28-2013"/><ref name=Elite/> using his [[Apple IIe]] to code "simple games and plug-ins for bulletin board systems."<ref name="Forbes-10-28-2013"/> As he grew older he also developed his own photos as a hobby.<ref name="ibusinesman"/> Attending [[Scarsdale High School]] from 1988 to 1992,<ref name="fjonoringer"/> by the age of fifteen Oringer was teaching guitar lessons for cash,<ref name="ethenewyties"/> later moving on to fixing computers out of his parents house<ref name="hgittleson"/> when he realized it was more lucrative.<ref name="ethenewyties"/> Oringer started selling his own software products over the internet<ref name="ethenewyties"/> when he began attending [[Stony Brook University]] in 1993,<ref name="fjonoringer"/> inventing and selling thousands of copies of what ''[[Forbes]]'' describes as "one of the Web's first [[pop-up blocker]]s."<ref name="Forbes-10-28-2013"/><ref name="gjonathanorigner"/> After graduating with a [[Bachelor of Science|BS]] in [[computer science]] and mathematics in 1997,<ref name="fjonoringer"/> from 1996 to 1998 he studied computer science at [[Columbia University]], graduating with an [[Master of Science|MS]].<ref name="fjonoringer"/> While enrolled at Columbia he continued "trying to create products to complement the pop-up blocker,"<ref name="Forbes-10-28-2013"/> using a subscription model<ref name=HotTopics/> to sell "personal [[firewall (computing)|firewalls]], accounting software, cookie blockers, trademark managers," and other small programs.<ref name="Forbes-10-28-2013"/> Oringer estimates that he founded about ten small startup companies, most of which had Oringer as the sole employee.<ref name="hgittleson"/>


==Career==
==Career==
===Founding Shutterstock (2003–2011)===
===Founding Shutterstock===
While marketing his software through a mailing list,<ref name="Forbes-10-28-2013"/> Oringer realized that emails with photos were better received than emails without. Finding it difficult to find affordable generic [[stock photos]] online,<ref name="Forbes-10-28-2013"/> in 2003<ref name=Elite/> he purchased a [[Canon Rebel]] camera<ref name="Forbes-10-28-2013"/> to take pictures for a new stock-photo marketplace that catered to advertisers and "[[microstock photography]]."<ref name="ibusinesman"/> Oringer went on to take about 100,000 of his own images over six months,<ref name=Elite/> eventually posting a culled collection of 30,000 images to a new website he named [[Shutterstock]].<ref name=Elite/> Funding Shutterstock entirely with his savings,<ref name="hgittleson"/> Oringer rented a 600-square-foot office in New York for the company<ref name="Forbes-10-28-2013"/> and initially handled all roles himself, including customer service.<ref name="hgittleson"/> Like his previous projects he made the photographs available via subscription,<ref name="Forbes-10-28-2013"/> with unlimited downloads and a monthly starting fee of US$49.<ref name="Forbes-10-28-2013"/> He also advertised Shutterstock on platforms such as [[Google AdWords]].<ref name="hgittleson"/>
While marketing his software through a mailing list,<ref name="Forbes-10-28-2013"/> Oringer realized that emails with photos were better received than emails without. Finding it difficult to find affordable generic [[stock photos]] online,<ref name="Forbes-10-28-2013"/> in 2003<ref name=Elite/> he purchased a [[Canon Rebel]] camera<ref name="Forbes-10-28-2013"/> to take pictures for a new stock-photo marketplace that catered to advertisers and "[[microstock photography]]."<ref name="ibusinesman"/> Oringer went on to take about 100,000 of his own images over six months,<ref name=Elite/> eventually posting a culled collection of 30,000 images to a new website he named [[Shutterstock]].<ref name=Elite/> Funding Shutterstock entirely with his savings,<ref name="hgittleson"/> Oringer rented a 600-square-foot office in New York for the company<ref name="Forbes-10-28-2013"/> and initially handled all roles himself, including customer service.<ref name="hgittleson"/> Like his previous projects he made the photographs available via subscription,<ref name="Forbes-10-28-2013"/> with unlimited downloads and a monthly starting fee of US$49.<ref name="Forbes-10-28-2013"/> He also advertised Shutterstock on platforms such as [[Google AdWords]].<ref name="hgittleson"/>
Initially hiring friends to serve as models for the stock photos,<ref name="hgittleson"/> Oringer later hired a photo director to organize shoots for the company.<ref name="Forbes-10-28-2013"/> When demand exceeded his photo supply,<ref name="Forbes-10-28-2013"/> he became an agent<ref name="Smart Money 02-04-2009"/> and hired additional contributors,<ref name="Forbes-10-28-2013"/> also hiring a team of reviewers to ensure "editorial consistency and quality."<ref name="lstockphoto"/> With Oringer as CEO,<ref name="Smart Money 02-04-2009"/> Shutterstock claimed that it was the "largest subscription-based stock photo agency in the world" as of 2006, with 570,000 images in its collection.<ref name="press-release-footage-announced"/> Shutterstock branched into film in 2006 with the launch of Shutterstock Footage,<ref name="press-release-footage-announced"/> and expanded beyond subscriptions into a la carte pricing in August 2008.<ref name="press-release-on-demand"/> In 2009 Shutterstock purchased [[BigStockPhoto|Bigstock]], a rival credit-based [[microstock photography]] agency.<ref name="CNET 9-23-2009"/> Claiming it licensed more images than "any other brand worldwide" in 2011,<ref name="AIGA-press-release"/> that November Shutterstock debuted [[Shutterstock for iPad]], which it provided for free.<ref name="the-next-web-11-03-11"/>
Initially hiring friends to serve as models for the stock photos,<ref name="hgittleson"/> Oringer later hired a photo director to organize shoots for the company.<ref name="Forbes-10-28-2013"/> When demand exceeded his photo supply,<ref name="Forbes-10-28-2013"/> he became an agent<ref name="Smart Money 02-04-2009"/> and hired additional contributors,<ref name="Forbes-10-28-2013"/> also hiring a team of reviewers to ensure "editorial consistency and quality."<ref name="lstockphoto"/>


===New tools and IPO (2012–2013)===
===IPO===
⚫
In May 2012, Oringer brought Shutterstock public after filing for an [[initial public offering]] on the [[New York Stock Exchange]], which it completed on October 17, 2012.<ref name="nyse-release"/><ref name="s-1-report"/> After going public, Oringer continued to own about 55 percent of Shutterstock, largely through the investment company Pixel Holdings.<ref name=BusinessweekSiliconAlleyBillionaire/> Stock value over the ensuing year increased considerably, and on June 28, 2013,<ref name=BusinessweekSiliconAlleyBillionaire/> Andre Sequin, an analyst at RBC Capital Market,<ref name=BusinessweekSiliconAlleyBillionaire/> announced Oringer as the "first billionaire to come out of [[Silicon Alley]] - New York's thriving tech sector."<ref name="hgittleson"/> His net wealth at the time was estimated at US$1.05 billion.<ref name=BusinessweekSiliconAlleyBillionaire /><ref name=HotTopics/>
Under the auspices of the newly formed Shutterstock Labs,<ref name="press-release-instant"/><ref name="press-release-spectrum"/>
⚫
Shutterstock Images LLC announced the Shutterstock Instant tool in May 2012, which displayed images in an interlocking mosaic to increase viewing speed.<ref name="press-release-instant"/> Also in May 2012, Oringer brought Shutterstock public after filing for an [[initial public offering]] on the [[New York Stock Exchange]], which it completed on October 17, 2012.<ref name="nyse-release"/><ref name="s-1-report"/> After going public, Oringer continued to own about 55 percent of Shutterstock, largely through the investment company Pixel Holdings.<ref name=BusinessweekSiliconAlleyBillionaire/> Stock value over the ensuing year increased considerably, and on June 28, 2013,<ref name=BusinessweekSiliconAlleyBillionaire/> Andre Sequin, an analyst at RBC Capital Market,<ref name=BusinessweekSiliconAlleyBillionaire/> announced Oringer as the "first billionaire to come out of [[Silicon Alley]] - New York's thriving tech sector."<ref name="hgittleson"/> His net wealth at the time was estimated at US$1.05 billion.<ref name=BusinessweekSiliconAlleyBillionaire /><ref name=HotTopics/>


⚫
===Recent developments===
Continuing to release new online tools and projects, Shutterstock announced Spectrum, a new "image discovery tool," in March 2013,<ref name="press-release-spectrum"/> and Skillfeed, a subscription-based online marketplace for instructional videos, in June 2013.<ref name="Shankland"/> In August 2013, Shutterstock announced it would integrate its library with [[Facebook]]'s Ad Creator, allowing advertisers to select from Shutterstock's images when creating ads.<ref name="constineteccrunch"/> In September 2013 Shutterstock launched Offset, a marketplace prioritizing high end curated photos,<ref name="tomchereder"/> and a few months later the company launched its first [[Android (operating system)|Android]] app.<ref name="the-next-web-12-10-13"/> Shutterstock opened offices in [[Berlin, Germany]] in October 2013.<ref name="oprnrutoprsn"/> At the time, Shutterstock stated it served 750,000 customers, with 30 percent of those customers in Europe.<ref name="oprnrutoprsn"/> Shutterstock's shares had reached a $2.5 billion market value by the fall of 2013,<ref name="Forbes-10-28-2013"/> while revenue for 2013 was US$235 million.<ref name="motleyfoo"/>
In 2014, Oringer spoke at 2014 Class Day at the [[Columbia University|Columbia University School of Engineering and Applied Science]].<ref name="incomejonoringer"/><ref name="sepctators"/> After maintaining its New York headquarters for years in a [[Wall Street]] office,<ref name="Forbes-10-28-2013"/> in March 2014 Oringer relocated Shutterstock to the [[Empire State Building]].<ref name="yakwicza"/>


In January 2015, Oringer oversaw Shutterstock's acquisition of both Rex Features, Europe's largest independent photo press agency,<ref name="acquiresrex"/> and PremiumBeat,<ref name="acquiresrex"/><ref name="premiumbeatwe"/> a stock music and sound effects service.
⚫
===Recent developments (2014–2020)===


⚫
Following Shutterstock's decision to implement a tool to censor results in China, Oringer defended the company's decision when faced with an employee petition against the system.<ref name="intercept">{{cite news |newspaper=[[The Intercept]] |title=In China, Shutterstock Censors Hong Kong and Other Searches |date=November 6, 2019 |first=Sam |last=Biddle |url=https://theintercept.com/2019/11/06/shutterstock-china-censorship-tech/ |quote=Shutterstock’s founder and CEO Jon Oringer replied to the petition several days later; those hoping for a change of heart were to be disappointed. Shutterstock’s pro-censorship compromise with the Chinese government was justified, Oringer argued, because to refuse to do business in China rather than help the country’s government expand its information control scheme would be the real act of craven corporate turpitude: “Do we make the majority of our content available to China’s 1.3 billion citizens or do we take away their ability to access it entirely? We ultimately believe, consistent with our brand promise, it is more valuable for storytellers to have access to our collection to creatively and impactfully tell their stories.” Shutterstock with a bespoke censorship feature was “more empowering” and “will better serve the people of China than the alternative,” Oringer continued.}}</ref>
In 2014, Oringer spoke at 2014 Class Day at the [[Columbia University|Columbia University School of Engineering and Applied Science]].<ref name="incomejonoringer"/><ref name="sepctators"/> After maintaining its New York headquarters for years in a [[Wall Street]] office,<ref name="Forbes-10-28-2013"/> in March 2014 Oringer relocated Shutterstock in the [[Empire State Building]].<ref name="yakwicza"/> The new location was built with no private offices, instead with 23 "pop-in rooms" for private meetings and conferences when needed.<ref name="yakwicza"/> Shutterstock acquired WebDAM, a provider of online [[digital asset management]] software, in March 2014,<ref name="lardinois"/> and that May Shutterstock integrated its image library into [[Salesforce]]'s Social Studio.<ref name="syonyha"/> Shutterstock debuted a "multi-color image discovery tool" in July 2014.<ref name="creativebloqa"/> Revenue was $328 million in 2014, an increase of 39% from 2013,<ref name="hSchwartz "/> and that year Shutterstock paid "over $83 million to its roughly 80,000 contributors."<ref name="hSchwartz "/>


⚫
In February 2020, Oringer announced that he would be stepping down as Shutterstock CEO effective April 2020, and would become executive chairman.<ref>{{Cite web|url=https://techcrunch.com/2020/02/13/shutterstock-founder-and-ceo-jon-oringer-steps-down-after-16-years/|title=Shutterstock founder and CEO Jon Oringer steps down after 16 years|website=TechCrunch|date=February 13, 2020 |language=en-US|access-date=2020-04-17}}</ref>
In January 2015, Oringer oversaw Shutterstock's acquisition of both Rex Features, Europe's largest independent photo press agency,<ref name="acquiresrex"/> and PremiumBeat,<ref name="acquiresrex"/><ref name="premiumbeatwe"/> a stock music and sound effects service. [[Penske Media Corporation]] formed a partnership with Shutterstock in June 2015, which gave Shutterstock an exclusive right and license to PMC's archive,<ref name="tochallenggetty"/> which included magazines such as ''[[Variety (magazine)|Variety]]'', ''[[Women's Wear Daily]],''<ref name="nCRAINS"/> and ''[[Deadline Hollywood|Deadline]]''.<ref name="hSchwartz "/> In March 2016 Shutterstock announced it would be distributing material from the [[Associated Press]],<ref name="fapa"/> and Shutterstock also debuted its Reverse Image Search tool,<ref name="bestentrej"/> allowing users to find images based on "color schemes, mood, or shapes."<ref name="esayerss"/>

⚫
Following Shutterstock's decision to implement a tool to censor results in [[China]], Oringer defender the company's decision when faced with an employee petition against the system.<ref name="intercept">{{cite news |newspaper=[[The Intercept]] |title=In China, Shutterstock Censors Hong Kong and Other Searches |date=November 6, 2019 |first=Sam |last=Biddle |url=https://theintercept.com/2019/11/06/shutterstock-china-censorship-tech/ |quote=Shutterstock’s founder and CEO Jon Oringer replied to the petition several days later; those hoping for a change of heart were to be disappointed. Shutterstock’s pro-censorship compromise with the Chinese government was justified, Oringer argued, because to refuse to do business in China rather than help the country’s government expand its information control scheme would be the real act of craven corporate turpitude: “Do we make the majority of our content available to China’s 1.3 billion citizens or do we take away their ability to access it entirely? We ultimately believe, consistent with our brand promise, it is more valuable for storytellers to have access to our collection to creatively and impactfully tell their stories.” Shutterstock with a bespoke censorship feature was “more empowering” and “will better serve the people of China than the alternative,” Oringer continued.}}</ref>

⚫
In February 2020, Oringer announced that he would be stepping down as Shutterstock CEO effective April 2020, and would become executive chairman.<ref>{{Cite web|url=https://social.techcrunch.com/2020/02/13/shutterstock-founder-and-ceo-jon-oringer-steps-down-after-16-years/|title=Shutterstock founder and CEO Jon Oringer steps down after 16 years|website=TechCrunch|language=en-US|access-date=2020-04-17}}</ref>


==Awards and recognition==
==Awards and recognition==
Line 52: Line 46:
Based in [[West Village]]<ref name="gjonathanorigner"/> in [[Manhattan]],<ref name="hgittleson"/> around 2012<ref name="hgittleson"/> Oringer became a certified commercial helicopter pilot.<ref name="shutterstock-about"/>
Based in [[West Village]]<ref name="gjonathanorigner"/> in [[Manhattan]],<ref name="hgittleson"/> around 2012<ref name="hgittleson"/> Oringer became a certified commercial helicopter pilot.<ref name="shutterstock-about"/>


In 2020, Oringer paid $42M for a Miami Beach mansion, marking a record on North Bay Road.<ref>{{Cite web|last=Manrodt|first=Alexis|date=2020-10-29|title=Jon Oringer Buys Miami Beach Mansion For $42M|url=https://therealdeal.com/miami/2020/10/29/billionaire-shutterstock-founder-pays-42m-for-miami-beach-mansion-marking-record/|access-date=2020-10-30|website=The Real Deal South Florida|language=en-US}}</ref>
In 2020, Oringer paid $42 million for a Miami Beach mansion, marking a record on North Bay Road.<ref>{{Cite web|last=Manrodt|first=Alexis|date=2020-10-29|title=Jon Oringer Buys Miami Beach Mansion For $42M|url=https://therealdeal.com/miami/2020/10/29/billionaire-shutterstock-founder-pays-42m-for-miami-beach-mansion-marking-record/|access-date=2020-10-30|website=The Real Deal South Florida|language=en-US}}</ref>

== Controversy ==
In a series of now-deleted tweets posted in September 2021, Oringer credits the [[September 11 attacks|September 11th attacks]] as having “changed my entrepreneurial journey forever.” He went on to suggest that Shutterstock exists in part due to a commitment he made that day to “create things that people loved,” saying, “Given the destruction I saw, I committed to building as much as I could. I created 10 tech/internet businesses including Shutterstock from 2001-2003.” <ref>{{Cite web|title=https://twitter.com/isosteph/status/1434580505521897477|url=https://twitter.com/isosteph/status/1434580505521897477|access-date=2021-09-05|website=Twitter|language=en}}</ref>


== References ==
== References ==
{{reflist| refs =
{{reflist| refs =


<!-- Not in use
<ref name="press-release-spectrum">[http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1798950&highlight= "Shutterstock Introduces Spectrum, A Breathtaking Way To Explore Millions Of Photos Using Color"] {{Webarchive|url=https://web.archive.org/web/20190405121213/http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1798950&highlight= |date=April 5, 2019 }}, Shutterstock Press Release, March 21, 2013</ref>
<ref name="press-release-spectrum">[http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1798950&highlight= "Shutterstock Introduces Spectrum, A Breathtaking Way To Explore Millions Of Photos Using Color"] {{Webarchive|url=https://web.archive.org/web/20190405121213/http://investor.shutterstock.com/phoenix.zhtml?c=251362&p=irol-newsArticle&ID=1798950&highlight= |date=April 5, 2019 }}, Shutterstock Press Release, March 21, 2013</ref>
Not in use-->


<!-- Not in use
<ref name="press-release-instant">[http://www.shutterstock.com/releases/053112.mhtml "Shutterstock Re-imagines Image Search with a New Discovery Tool: Shutterstock Instant"], Shutterstock Press Release, May 31, 2012</ref>
<ref name="press-release-instant">[http://www.shutterstock.com/releases/053112.mhtml "Shutterstock Re-imagines Image Search with a New Discovery Tool: Shutterstock Instant"], Shutterstock Press Release, May 31, 2012</ref>
Not in use-->


<!-- Not in use
<ref name="press-release-footage-announced">[http://www.shutterstock.com/releases/020906.mhtml "Introducing Shutterstock Footage – A Stock Video Resource from Shutterstock"], Shutterstock Press Release, February 9, 2006</ref>
<ref name="press-release-footage-announced">[http://www.shutterstock.com/releases/020906.mhtml "Introducing Shutterstock Footage – A Stock Video Resource from Shutterstock"], Shutterstock Press Release, February 9, 2006</ref>
Not in use-->

<!-- Not in use
<ref name="the-next-web-11-03-11">Brad McCarty, [https://thenextweb.com/apps/2011/11/03/shutterstock-brings-its-16-million-images-to-the-ipad-with-a-dedicated-app/ "Shutterstock brings its 16 million images to the iPad with a dedicated app"], ''The Next Web'', November 3, 2011</ref>
<ref name="the-next-web-11-03-11">Brad McCarty, [https://thenextweb.com/apps/2011/11/03/shutterstock-brings-its-16-million-images-to-the-ipad-with-a-dedicated-app/ "Shutterstock brings its 16 million images to the iPad with a dedicated app"], ''The Next Web'', November 3, 2011</ref>
Not in use-->

<!-- Not in use
<ref name="the-next-web-12-10-13">Martin Bryant, [https://thenextweb.com/apps/2013/12/10/shutterstock-android-app/ "Shutterstock launches an Android app to let you browse its 31m+ images on the move"], ''The Next Web'', December 10, 2013</ref>
<ref name="the-next-web-12-10-13">Martin Bryant, [https://thenextweb.com/apps/2013/12/10/shutterstock-android-app/ "Shutterstock launches an Android app to let you browse its 31m+ images on the move"], ''The Next Web'', December 10, 2013</ref>
Not in use-->
<!-- Not in use
<ref name="creativebloqa">Sammy Maine, [http://www.creativebloq.com/creativity/new-multi-colour-tool-71412314 "New multi-colour tool will make image search even easier"], ''Creative Bloq'', July 15, 2014</ref>
<ref name="creativebloqa">Sammy Maine, [http://www.creativebloq.com/creativity/new-multi-colour-tool-71412314 "New multi-colour tool will make image search even easier"], ''Creative Bloq'', July 15, 2014</ref>
Not in use-->


<!-- Not in use
<ref name="motleyfoo">{{cite news | url=http://www.fool.com/investing/general/2014/05/12/where-are-shutterstock-shares-going.aspx | title=Where Are Shutterstock Shares Going? | publisher=fool.com | date=May 12, 2014 | accessdate=June 15, 2016 | last=Gacinga | first=Joseph}}</ref>
<ref name="motleyfoo">{{cite news | url=http://www.fool.com/investing/general/2014/05/12/where-are-shutterstock-shares-going.aspx | title=Where Are Shutterstock Shares Going? | publisher=fool.com | date=May 12, 2014 | accessdate=June 15, 2016 | last=Gacinga | first=Joseph}}</ref>
Not in use-->


<!-- Not in use
<ref name="mfasteasy">{{cite news | url=http://www.shutterstock.com/press/11546 | title=Introducing Shutterstock Editor: A Simple and Fast Way to Edit Photos | publisher=shutterstock.com | date=December 10, 2015 | accessdate=June 10, 2016}}</ref>
<ref name="mfasteasy">{{cite news | url=http://www.shutterstock.com/press/11546 | title=Introducing Shutterstock Editor: A Simple and Fast Way to Edit Photos | publisher=shutterstock.com | date=December 10, 2015 | accessdate=June 10, 2016}}</ref>
Not in use-->


<!-- Not in use
<ref name="lardinois">Frederic Lardinois, [https://techcrunch.com/2014/03/03/shutterstock-acquires-digital-asset-management-service-webdam "Shutterstock Acquires Digital Asset Management Service WebDAM, Goes After Enterprise Market"], ''[[TechCrunch]]'', March 3, 2014</ref>
<ref name="lardinois">Frederic Lardinois, [https://techcrunch.com/2014/03/03/shutterstock-acquires-digital-asset-management-service-webdam "Shutterstock Acquires Digital Asset Management Service WebDAM, Goes After Enterprise Market"], ''[[TechCrunch]]'', March 3, 2014</ref>
Not in use-->


<ref name="bestentrej">{{cite news | url=https://www.entrepreneur.com/article/272281 | title=How Shutterstock Is Training Its System to Help You Find Better Photos | date=March 10, 2016 | accessdate=June 15, 2016 | last=Zipkin | first=Nina | newspaper=[[Entrepreneur (magazine)|Entrepreneur]]}}</ref>
<ref name="bestentrej">{{cite news | url=https://www.entrepreneur.com/article/272281 | title=How Shutterstock Is Training Its System to Help You Find Better Photos | date=March 10, 2016 | accessdate=June 15, 2016 | last=Zipkin | first=Nina | newspaper=[[Entrepreneur (magazine)|Entrepreneur]]}}</ref>


<!-- Not in use
<ref name="esayerss">{{cite news | url=https://venturebeat.com/2016/03/12/shutterstock-shows-machine-learning-smarts-with-reverse-image-search-for-stock-photos/ | title=Shutterstock shows machine learning smarts with reverse image search for stock photos | publisher=[[VentureBeat]] | date=March 12, 2016 | accessdate=June 15, 2016 | last=Sawers | first=Paul}}</ref>
<ref name="esayerss">{{cite news | url=https://venturebeat.com/2016/03/12/shutterstock-shows-machine-learning-smarts-with-reverse-image-search-for-stock-photos/ | title=Shutterstock shows machine learning smarts with reverse image search for stock photos | publisher=[[VentureBeat]] | date=March 12, 2016 | accessdate=June 15, 2016 | last=Sawers | first=Paul}}</ref>
Not in use-->


<ref name="s-1-report">{{cite news | url=https://www.sec.gov/Archives/edgar/data/1549346/000104746912005905/a2209364zs-1.htm | title=Form S-1, Shutterstock, Inc. | publisher=SEC.gov | date=May 14, 2012 | accessdate=June 15, 2016}}</ref>
<ref name="s-1-report">{{cite news | url=https://www.sec.gov/Archives/edgar/data/1549346/000104746912005905/a2209364zs-1.htm | title=Form S-1, Shutterstock, Inc. | publisher=SEC.gov | date=May 14, 2012 | accessdate=June 15, 2016}}</ref>
Line 88: Line 99:
<ref name="nCRAINS">{{cite news | url=http://www.crainsnewyork.com/article/20150622/TECHNOLOGY/150629974/shutterstock-beats-getty-partners-with-variety-wwd-publisher | title=Shutterstock beats Getty, partners with Variety, WWD publisher | date=June 22, 2015 | accessdate=June 15, 2016 | last=Flamm | first=Matthew | newspaper=[[Crain's New York]]}}</ref>
<ref name="nCRAINS">{{cite news | url=http://www.crainsnewyork.com/article/20150622/TECHNOLOGY/150629974/shutterstock-beats-getty-partners-with-variety-wwd-publisher | title=Shutterstock beats Getty, partners with Variety, WWD publisher | date=June 22, 2015 | accessdate=June 15, 2016 | last=Flamm | first=Matthew | newspaper=[[Crain's New York]]}}</ref>


<!-- Not in use
<ref name="tochallenggetty">{{Cite news|title = Shutterstock to challenge Getty Images after Variety tie-up|url = http://www.ft.com/intl/cms/s/0/42215a9c-17de-11e5-a130-2e7db721f996.html#axzz3kbyCeSNw|newspaper = [[Financial Times]]|date = June 22, 2015|access-date = September 2, 2015|issn = 0307-1766|first = Shannon|last = Bond}}</ref>
<ref name="tochallenggetty">{{Cite news|title = Shutterstock to challenge Getty Images after Variety tie-up|url = http://www.ft.com/intl/cms/s/0/42215a9c-17de-11e5-a130-2e7db721f996.html#axzz3kbyCeSNw|newspaper = [[Financial Times]]|date = June 22, 2015|access-date = September 2, 2015|issn = 0307-1766|first = Shannon|last = Bond}}</ref>
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<ref name="Forbes-10-28-2013">Steven Bertoni, [https://www.forbes.com/sites/stevenbertoni/2013/10/09/silicon-alleys-first-billionaire-aims-to-dominate-images-on-web/ "Silicon Alley's First Billionaire Aims To Dominate Images On Web"], ''[[Forbes]]'', October 28, 2013</ref>
<ref name="Forbes-10-28-2013">Steven Bertoni, [https://www.forbes.com/sites/stevenbertoni/2013/10/09/silicon-alleys-first-billionaire-aims-to-dominate-images-on-web/ "Silicon Alley's First Billionaire Aims To Dominate Images On Web"], ''[[Forbes]]'', October 28, 2013</ref>


<!-- Not in use
<ref name="hSchwartz">{{cite news | url=https://www.vice.com/read/inside-offset-the-surreal-millennial-targeted-photo-market-within-shutterstock-111 | title=Inside Offset, the Surreal, Millennial-Targeted Photo Market within Shutterstock | work=[[VICE (magazine)|VICE]] | date=November 29, 2015 | accessdate=June 15, 2016 | last=Schwartz | first=Dana}}</ref>
<ref name="hSchwartz">{{cite news | url=https://www.vice.com/read/inside-offset-the-surreal-millennial-targeted-photo-market-within-shutterstock-111 | title=Inside Offset, the Surreal, Millennial-Targeted Photo Market within Shutterstock | work=[[VICE (magazine)|VICE]] | date=November 29, 2015 | accessdate=June 15, 2016 | last=Schwartz | first=Dana}}</ref>
Not in use-->
<!-- Not in use
<ref name="press-release-on-demand">[http://www.shutterstock.com/releases/080508.mhtml "Shutterstock Launches New "On Demand" Subscription to Serve Full Spectrum of Stock Image Buyers"], Shutterstock Press Release, August 5, 2008</ref>
<ref name="press-release-on-demand">[http://www.shutterstock.com/releases/080508.mhtml "Shutterstock Launches New "On Demand" Subscription to Serve Full Spectrum of Stock Image Buyers"], Shutterstock Press Release, August 5, 2008</ref>
Not in use-->


<!-- Not in use
<ref name="AIGA-press-release">[http://www.shutterstock.com/releases/021511.mhtml "AIGA partners with Shutterstock to provide creative inspiration to members"], Shutterstock Press Release, February 15, 2011</ref>
<ref name="AIGA-press-release">[http://www.shutterstock.com/releases/021511.mhtml "AIGA partners with Shutterstock to provide creative inspiration to members"], Shutterstock Press Release, February 15, 2011</ref>
Not in use-->


<ref name="nyse-release">[https://www.nyse.com/events/1350383085121.html "Shutterstock Celebrates IPO on the NYSE"], NYSE Press Release, October 17, 2012 {{webarchive |url=https://web.archive.org/web/20140202095112/http://www.nyse.com/events/1350383085121.html |date=February 2, 2014 }}</ref>
<ref name="nyse-release">[https://www.nyse.com/events/1350383085121.html "Shutterstock Celebrates IPO on the NYSE"], NYSE Press Release, October 17, 2012 {{webarchive |url=https://web.archive.org/web/20140202095112/http://www.nyse.com/events/1350383085121.html |date=February 2, 2014 }}</ref>


<!-- Not in use
<ref name="CNET 9-23-2009">Stephen Shankland [http://news.cnet.com/8301-30685_3-10359659-264.html "Shutterstock Buys Rival, Shifts Photo Sales Strategy"], ''[[CNET]]'', September 23, 2009</ref>
<ref name="CNET 9-23-2009">Stephen Shankland [http://news.cnet.com/8301-30685_3-10359659-264.html "Shutterstock Buys Rival, Shifts Photo Sales Strategy"], ''[[CNET]]'', September 23, 2009</ref>
Not in use-->


<ref name="Smart Money 02-04-2009">[http://www.smartmoney.com/Spending/Technology/Small-Business-How-to-Beat-a-Goliath/ "Small Business: How to Beat a Goliath"][[SmartMoney]], February 2, 2009 {{webarchive |url=https://web.archive.org/web/20100702051634/http://www.smartmoney.com/Spending/Technology/Small-Business-How-to-Beat-a-Goliath/ |date=July 2, 2010 }}</ref>
<ref name="Smart Money 02-04-2009">[http://www.smartmoney.com/Spending/Technology/Small-Business-How-to-Beat-a-Goliath/ "Small Business: How to Beat a Goliath"][[SmartMoney]], February 2, 2009 {{webarchive |url=https://web.archive.org/web/20100702051634/http://www.smartmoney.com/Spending/Technology/Small-Business-How-to-Beat-a-Goliath/ |date=July 2, 2010 }}</ref>
<ref name="fapa">{{cite news | url=http://www.ap.org/Content/Press-Release/2016/Shutterstock-Editorial-announces-multiyear-US-distribution-deal-with-AP | title=Shutterstock Editorial announces multiyear U.S. distribution deal with AP | work=Associated Press | date=March 9, 2016 | accessdate=June 15, 2016}}</ref>
<ref name="fapa">{{cite news | url=http://www.ap.org/Content/Press-Release/2016/Shutterstock-Editorial-announces-multiyear-US-distribution-deal-with-AP | title=Shutterstock Editorial announces multiyear U.S. distribution deal with AP | agency=Associated Press | date=March 9, 2016 | accessdate=June 15, 2016}}</ref>


<!-- Not in use
<ref name="syonyha">Anthony Ha, [https://techcrunch.com/2014/05/06/salesforce-social-studio/ "Salesforce Launches Its Social Studio For Marketing Collaboration And Custom Integrations"], ''[[TechCrunch]]'', May 6, 2014</ref>
<ref name="syonyha">Anthony Ha, [https://techcrunch.com/2014/05/06/salesforce-social-studio/ "Salesforce Launches Its Social Studio For Marketing Collaboration And Custom Integrations"], ''[[TechCrunch]]'', May 6, 2014</ref>
Not in use-->


<ref name="acquiresrex">By Frederic Lardinois. "[https://techcrunch.com/2015/01/15/shutterstock-acquires-rex-features-and-premiumbeat/ Shutterstock Acquires Rex Features And PremiumBeat]," ''[[TechCrunch]]'', January 15, 2015.</ref>
<ref name="acquiresrex">By Frederic Lardinois. "[https://techcrunch.com/2015/01/15/shutterstock-acquires-rex-features-and-premiumbeat/ Shutterstock Acquires Rex Features And PremiumBeat]," ''[[TechCrunch]]'', January 15, 2015.</ref>
Line 112: Line 135:
<ref name="yakwicza">Will Yakowicz, [http://www.inc.com/will-yakowicz/how-shutterstock-shaved-3-minutes-off-commute-big-data.html "How Shutterstock Used Data to Cut Staff Commutes"], ''[[Inc. (magazine)|Inc.]]'', May 5, 2014</ref>
<ref name="yakwicza">Will Yakowicz, [http://www.inc.com/will-yakowicz/how-shutterstock-shaved-3-minutes-off-commute-big-data.html "How Shutterstock Used Data to Cut Staff Commutes"], ''[[Inc. (magazine)|Inc.]]'', May 5, 2014</ref>


<!-- Not in use
<ref name="oprnrutoprsn">[http://www.shutterstock.com/releases/103113.mhtml "Shutterstock Opens European Headquarters in Berlin, Germany"], Shutterstock Press Release, October 31, 2013</ref>
<ref name="oprnrutoprsn">[http://www.shutterstock.com/releases/103113.mhtml "Shutterstock Opens European Headquarters in Berlin, Germany"], Shutterstock Press Release, October 31, 2013</ref>
Not in use-->


<!-- Not in use
<ref name="Shankland">Stephen Shankland, [http://www.cnet.com/news/with-skillfeed-shutterstock-aims-to-rework-online-training "With Skillfeed, Shutterstock aims to rework online training"], ''[[CNET]]'', May 29, 2013</ref>
<ref name="Shankland">Stephen Shankland, [http://www.cnet.com/news/with-skillfeed-shutterstock-aims-to-rework-online-training "With Skillfeed, Shutterstock aims to rework online training"], ''[[CNET]]'', May 29, 2013</ref>
Not in use-->


<!-- Not in use
<ref name="tomchereder">Tom Cheredar, [https://venturebeat.com/2013/09/24/shutterstock-launches-new-high-end-photo-service-offset "Shutterstock launches new high-end photo service ‘Offset’"], ''[[VentureBeat]]'', September 24, 2013</ref>
<ref name="tomchereder">Tom Cheredar, [https://venturebeat.com/2013/09/24/shutterstock-launches-new-high-end-photo-service-offset "Shutterstock launches new high-end photo service ‘Offset’"], ''[[VentureBeat]]'', September 24, 2013</ref>
Not in use-->


<!-- Not in use
<ref name="constineteccrunch">Josh Constine, [https://techcrunch.com/2013/08/22/facebook-shutterstock "Facebook Makes Ads Prettier With Shutterstock Partnership To Offer Free Stock Images In Ad Creator"], ''[[TechCrunch]]'', August 22, 2013</ref>
<ref name="constineteccrunch">Josh Constine, [https://techcrunch.com/2013/08/22/facebook-shutterstock "Facebook Makes Ads Prettier With Shutterstock Partnership To Offer Free Stock Images In Ad Creator"], ''[[TechCrunch]]'', August 22, 2013</ref>
Not in use-->


FROM PAGE
FROM PAGE
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<ref name="crain'sunderforty">{{cite web|url=http://mycrains.crainsnewyork.com/40under40/years/2013 |archiveurl=https://web.archive.org/web/20150327090609/http://mycrains.crainsnewyork.com/40under40/years/2013 |archivedate=March 27, 2015 |publisher=Crain's New York Business |title=40 under 40: Class of 2013}}</ref>
<ref name="crain'sunderforty">{{cite web|url=http://mycrains.crainsnewyork.com/40under40/years/2013 |archiveurl=https://web.archive.org/web/20150327090609/http://mycrains.crainsnewyork.com/40under40/years/2013 |archivedate=March 27, 2015 |publisher=Crain's New York Business |title=40 under 40: Class of 2013}}</ref>


<ref name=HotTopics>{{cite web|last=Lytton-Dickie|first=Tom|title=How the first Silicon Alley billionaire launched Shutterstock|url=http://www.hottopics.ht/stories/consumer/silicon-alley-first-billionaire-launched-shutterstock/|archiveurl=https://web.archive.org/web/20150210155847/http://www.hottopics.ht/stories/consumer/silicon-alley-first-billionaire-launched-shutterstock/|archivedate=February 10, 2015 |publisher=Hot Topics}}</ref>
<ref name=HotTopics>{{cite web|last=Lytton-Dickie|first=Tom|title=How the first Silicon Alley billionaire launched Shutterstock|date=June 12, 2014 |url=http://www.hottopics.ht/stories/consumer/silicon-alley-first-billionaire-launched-shutterstock/|archiveurl=https://web.archive.org/web/20150210155847/http://www.hottopics.ht/stories/consumer/silicon-alley-first-billionaire-launched-shutterstock/|archivedate=February 10, 2015 |publisher=Hot Topics}}</ref>


<ref name=BusinessweekSiliconAlleyBillionaire>{{cite web|last=de Jong|first=David|title=Shutterstock Creates First Silicon Alley Billionaire|url=https://www.bloomberg.com/news/articles/2013-06-28/shutterstock-creates-first-silicon-alley-billionaire|work=Bloomberg Businessweek|publisher=Bloomberg|accessdate=April 16, 2015}}</ref>
<ref name=BusinessweekSiliconAlleyBillionaire>{{cite news|last=de Jong|first=David|title=Shutterstock Creates First Silicon Alley Billionaire|url=https://www.bloomberg.com/news/articles/2013-06-28/shutterstock-creates-first-silicon-alley-billionaire|work=Bloomberg Businessweek|date=June 28, 2013 |publisher=Bloomberg|accessdate=April 16, 2015}}</ref>


<ref name="hgittleson">{{cite news | url=https://www.bbc.com/news/business-23469410 | title=How Jon Oringer became Silicon Alley's first billionaire | publisher=BBC | date=August 12, 2013 | accessdate=June 24, 2016 | last=Gittleson | first=Kim}}</ref>
<ref name="hgittleson">{{cite news | url=https://www.bbc.com/news/business-23469410 | title=How Jon Oringer became Silicon Alley's first billionaire | publisher=BBC | date=August 12, 2013 | accessdate=June 24, 2016 | last=Gittleson | first=Kim}}</ref>
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==External links==
==External links==
{{Commons category|Jon Oringer}}
{{Commons category|Jon Oringer}}
*[https://jonoringer.com/ JonOringer.com]
*[https://jonoringer.com/ JonOringer.com] {{Webarchive|url=https://web.archive.org/web/20170930154339/https://jonoringer.com/ |date=September 30, 2017 }}


{{Shutterstock}}
{{Shutterstock}}
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[[Category:Living people]]
[[Category:Living people]]
[[Category:1974 births]]
[[Category:1974 births]]
[[Category:American Jews]]
[[Category:20th-century American Jews]]
[[Category:American billionaires]]
[[Category:American billionaires]]
[[Category:Scarsdale High School alumni]]
[[Category:Scarsdale High School alumni]]
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[[Category:American company founders]]
[[Category:American company founders]]
[[Category:People from Greenwich Village]]
[[Category:People from Greenwich Village]]
[[Category:21st-century American Jews]]

Latest revision as of 09:09, 2 November 2024

Jonathan E. Oringer
Born (1974-05-02) May 2, 1974 (age 50)
Scarsdale, New York, U.S.
EducationStony Brook University
Columbia University
TitleFounder and CEO, Shutterstock
WebsiteJonOringer.com

Jon Oringer (born May 2, 1974) is an American programmer, photographer, and billionaire businessman, best known as the founder and CEO of Shutterstock, a stock media company headquartered in New York City.[1] Oringer started his career while a college student in the 1990s, when he created "one of the Web's first pop-up blockers."[1][2] He went on to found about ten small startups[3] that used a subscription method to sell "personal firewalls, accounting software, cookie blockers, trademark managers," and other small programs.[1]

In 2003, Oringer founded Shutterstock to provide microstock photography, which has been publicly traded on the New York Stock Exchange[4] since 2012.[4][5] As a result of going public, in 2013 Oringer was reported to be New York's first tech billionaire.[1] Shutterstock had over 100,000 contributors as of March 2016,[6] with an "active customer base of 1.4 million people in 150 countries."[7] Among other accolades, in 2012 Oringer was named New York's Technology Entrepreneur of the Year by Ernst & Young,[8] and the following year Oringer was recognized as one of Crain's New York[9] 40 Under 40.[10]

Early life and education

[edit]

Jon Oringer was born in 1974[11] in Scarsdale, New York, where he spent his childhood.[12] He began learning computer programming in elementary school,[1][12] using his Apple IIe to code "simple games and plug-ins for bulletin board systems."[1] As he grew older he also developed his own photos as a hobby.[13] Attending Scarsdale High School from 1988 to 1992,[14] by the age of fifteen Oringer was teaching guitar lessons for cash,[15] later moving on to fixing computers out of his parents house[3] when he realized it was more lucrative.[15] Oringer started selling his own software products over the internet[15] when he began attending Stony Brook University in 1993,[14] inventing and selling thousands of copies of what Forbes describes as "one of the Web's first pop-up blockers."[1][2] After graduating with a BS in computer science and mathematics in 1997,[14] from 1996 to 1998 he studied computer science at Columbia University, graduating with an MS.[14] While enrolled at Columbia he continued "trying to create products to complement the pop-up blocker,"[1] using a subscription model[16] to sell "personal firewalls, accounting software, cookie blockers, trademark managers," and other small programs.[1] Oringer estimates that he founded about ten small startup companies, most of which had Oringer as the sole employee.[3]

Career

[edit]

Founding Shutterstock

[edit]

While marketing his software through a mailing list,[1] Oringer realized that emails with photos were better received than emails without. Finding it difficult to find affordable generic stock photos online,[1] in 2003[12] he purchased a Canon Rebel camera[1] to take pictures for a new stock-photo marketplace that catered to advertisers and "microstock photography."[13] Oringer went on to take about 100,000 of his own images over six months,[12] eventually posting a culled collection of 30,000 images to a new website he named Shutterstock.[12] Funding Shutterstock entirely with his savings,[3] Oringer rented a 600-square-foot office in New York for the company[1] and initially handled all roles himself, including customer service.[3] Like his previous projects he made the photographs available via subscription,[1] with unlimited downloads and a monthly starting fee of US$49.[1] He also advertised Shutterstock on platforms such as Google AdWords.[3]

Initially hiring friends to serve as models for the stock photos,[3] Oringer later hired a photo director to organize shoots for the company.[1] When demand exceeded his photo supply,[1] he became an agent[17] and hired additional contributors,[1] also hiring a team of reviewers to ensure "editorial consistency and quality."[18]

IPO

[edit]

In May 2012, Oringer brought Shutterstock public after filing for an initial public offering on the New York Stock Exchange, which it completed on October 17, 2012.[4][5] After going public, Oringer continued to own about 55 percent of Shutterstock, largely through the investment company Pixel Holdings.[11] Stock value over the ensuing year increased considerably, and on June 28, 2013,[11] Andre Sequin, an analyst at RBC Capital Market,[11] announced Oringer as the "first billionaire to come out of Silicon Alley - New York's thriving tech sector."[3] His net wealth at the time was estimated at US$1.05 billion.[11][16]

Recent developments

[edit]

In 2014, Oringer spoke at 2014 Class Day at the Columbia University School of Engineering and Applied Science.[19][20] After maintaining its New York headquarters for years in a Wall Street office,[1] in March 2014 Oringer relocated Shutterstock to the Empire State Building.[21]

In January 2015, Oringer oversaw Shutterstock's acquisition of both Rex Features, Europe's largest independent photo press agency,[22] and PremiumBeat,[22][23] a stock music and sound effects service.

Following Shutterstock's decision to implement a tool to censor results in China, Oringer defended the company's decision when faced with an employee petition against the system.[24]

In February 2020, Oringer announced that he would be stepping down as Shutterstock CEO effective April 2020, and would become executive chairman.[25]

Awards and recognition

[edit]

Oringer has been recognized with a number of business awards, and in 2009 he was selected 41st on the Silicon Alley 100, an annual list of the 100 most influential entrepreneurs, investors, executives, and technologists in Manhattan.[26] Business Insider named Oringer the coolest person in all of New York technology in 2013.[27] Oringer was recognized in June 2012 as New York's Technology Entrepreneur of the Year by Ernst & Young,[8] and the following year Oringer was recognized as one of Crain's New York class of 2013[9] 40 Under 40.[10]

Personal life

[edit]

Based in West Village[2] in Manhattan,[3] around 2012[3] Oringer became a certified commercial helicopter pilot.[28]

In 2020, Oringer paid $42 million for a Miami Beach mansion, marking a record on North Bay Road.[29]

References

[edit]
  1. ^ a b c d e f g h i j k l m n o p q r s Steven Bertoni, "Silicon Alley's First Billionaire Aims To Dominate Images On Web", Forbes, October 28, 2013
  2. ^ a b c "Jonathan Oringer 2016 Billionaires List: Dropoff". Forbes. 2016. Retrieved June 24, 2016.
  3. ^ a b c d e f g h i j Gittleson, Kim (August 12, 2013). "How Jon Oringer became Silicon Alley's first billionaire". BBC. Retrieved June 24, 2016.
  4. ^ a b c "Shutterstock Celebrates IPO on the NYSE", NYSE Press Release, October 17, 2012 Archived February 2, 2014, at the Wayback Machine
  5. ^ a b "Form S-1, Shutterstock, Inc". SEC.gov. May 14, 2012. Retrieved June 15, 2016.
  6. ^ "Shutterstock Editorial announces multiyear U.S. distribution deal with AP". Associated Press. March 9, 2016. Retrieved June 15, 2016.
  7. ^ Zipkin, Nina (March 10, 2016). "How Shutterstock Is Training Its System to Help You Find Better Photos". Entrepreneur. Retrieved June 15, 2016.
  8. ^ a b "EY announces winners for the Entrepreneur Of The Year® 2012 New York Award". Ernst & Young. Archived from the original on April 16, 2015.
  9. ^ a b "40 under 40: Class of 2013". Crain's New York Business. Archived from the original on March 27, 2015.
  10. ^ a b Flamm, Matthew (June 22, 2015). "Shutterstock beats Getty, partners with Variety, WWD publisher". Crain's New York. Retrieved June 15, 2016.
  11. ^ a b c d e de Jong, David (June 28, 2013). "Shutterstock Creates First Silicon Alley Billionaire". Bloomberg Businessweek. Bloomberg. Retrieved April 16, 2015.
  12. ^ a b c d e Milord, Joseph (July 3, 2013). "The Life And Times Of Jon Oringer, Silicon Alley's First Billionaire". Elite Daily Magazine.
  13. ^ a b Oringer, Jon (January 12, 2016). "Jon Oringer, Businessman". New York Magazine. Retrieved June 24, 2016.
  14. ^ a b c d "Jon Oringer Profile". LinkedIn. Retrieved June 24, 2016.
  15. ^ a b c Bryant, Adam (June 20, 2013). "Jon Oringer of Shutterstock, on the Power of the Hackathon". The New York Times. Retrieved June 24, 2016.
  16. ^ a b Lytton-Dickie, Tom (June 12, 2014). "How the first Silicon Alley billionaire launched Shutterstock". Hot Topics. Archived from the original on February 10, 2015.
  17. ^ "Small Business: How to Beat a Goliath"SmartMoney, February 2, 2009 Archived July 2, 2010, at the Wayback Machine
  18. ^ Garber, Megan (May 18, 2012). "The Tao of Shutterstock: What Makes a Stock Photo a Stock Photo?". The Atlantic. Retrieved June 15, 2016.
  19. ^ "How Jon Oringer Doubled Down on Failure (and Won)". Inc.com. 2014. Retrieved June 24, 2016.
  20. ^ Kalikoff, Eva (May 20, 2014). "At SEAS Class Day, Oringer tells graduates to expect failure before success". Columbia Spectator. Retrieved June 24, 2016.
  21. ^ Will Yakowicz, "How Shutterstock Used Data to Cut Staff Commutes", Inc., May 5, 2014
  22. ^ a b By Frederic Lardinois. "Shutterstock Acquires Rex Features And PremiumBeat," TechCrunch, January 15, 2015.
  23. ^ "Website and about". premiumbeat.com. Retrieved June 24, 2016.
  24. ^ Biddle, Sam (November 6, 2019). "In China, Shutterstock Censors Hong Kong and Other Searches". The Intercept. Shutterstock's founder and CEO Jon Oringer replied to the petition several days later; those hoping for a change of heart were to be disappointed. Shutterstock's pro-censorship compromise with the Chinese government was justified, Oringer argued, because to refuse to do business in China rather than help the country's government expand its information control scheme would be the real act of craven corporate turpitude: "Do we make the majority of our content available to China's 1.3 billion citizens or do we take away their ability to access it entirely? We ultimately believe, consistent with our brand promise, it is more valuable for storytellers to have access to our collection to creatively and impactfully tell their stories." Shutterstock with a bespoke censorship feature was "more empowering" and "will better serve the people of China than the alternative," Oringer continued.
  25. ^ "Shutterstock founder and CEO Jon Oringer steps down after 16 years". TechCrunch. February 13, 2020. Retrieved April 17, 2020.
  26. ^ Oringer, Jon (December 9, 2009). "Number 41". Silicon Alley Insider. Retrieved June 24, 2016.
  27. ^ Dickey, Megan Rose (October 25, 2013). " "SA 100 2013: The Coolest People In New York Tech". Business Insider. Retrieved June 24, 2016.
  28. ^ "Shutterstock About Us Page". www.shutterstock.com. Retrieved June 24, 2016.
  29. ^ Manrodt, Alexis (October 29, 2020). "Jon Oringer Buys Miami Beach Mansion For $42M". The Real Deal South Florida. Retrieved October 30, 2020.
[edit]
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