Shark Tank-Backed GrooveBook Acquired By Shutterfly For $14.5 Million. GrooveBook, a photo-printing app and subscription service that creates personalized photo books featuring up to 100 of your photos, shipped monthly, has been acquired by photo printing giant Shutterfly for $14.5 million.
Was Groovebook successful?
Shutterfly acquired Groovebook for $14.5 million making it one of the most successful businesses to ever appear on Shark Tank. Quickly following the Shark Tank appearance, Groovebook skyrocketed to over a million monthly subscribers. On November 17, 2014, Shutterfly, Inc.
How much do groove books cost?
A Groovebook subscription is $3.99/month plus tax. This includes a Groovebook (with 100 photos) every month. If you order multiple books in one month or send duplicate books to friends + family, you will just pay $3.99 + tax per additional book.
Is the first Groovebook free?
If you’re new to the service, you can get your first book for FREE (including free shipping) with the code INSANITYGROOVE – just enter it during the sign-up process. If you’re not familiar or haven’t tried them yet, here’s some of my favorite Groovebook features: Order photo books only when you want them.
How much did Kevin Oleary make off GrooveBook?
GrooveBook’s pitch took place in the thirteenth episode of the fifth season of Shark Tank, which aired on January 10, 2014. Cuban and O’Leary made a deal with the Whitemans at $150,000 for 80% of the licensing rights of GrooveBook.
How much did Shutterfly buy GrooveBook for?
In November, 2014, Shutterfly acquired Groovebook for $14.5 million, making this a very big Shark Tank Success Story! This acquisition makes GrooveBook the biggest deal on the show.
Are groove books free?
Groovebook is a FREE app that lets you choose up to 100 photos from your camera roll into a beautiful 4.5″ x 6.5″ photobook for FREE and mails it to you monthly. Your photos are printed on glossy photo paper and perforated for easy removal. That means you can share, frame, decorate, scrapbook and more.
Has Mark Cuban ever made a deal on Shark Tank?
When sisters Arum, Dawoon, and Soo Kang appeared on Shark Tank in 2015, they were offering the sharks a 5% equity stake for $500,000. 10 Impressed with the presentation and the product, Mark Cuban made the largest offer in the show’s history—$30 million to buy the entire company.
What is GrooveBook before Shark Tank?
GrooveBook Before Shark Tank. By cutting a semi-circular groove into the spine of each book, they were flexible enough to package and send for a reduced rate. The GrooveBook name was born, and Brian and Julie were in business. After growing their base of subscribers to eighteen thousand, they were ready to go on TV.
What is the story behind the creation of GrooveBook?
The Groovebook Story. The story began when co-founder Julie Whiteman lost thousands of her family photos from her phone. This loss inspired her husband, Brian Whiteman, to start working on a concept to preserve their photos in a tangible way. Soon after Groovebook was born.
Is GrooveBook a publicly traded company?
Groovebook Photo App has just become one of the Most Successful Products Ever Seen on the Shark Tank Show and the first ever to be acquired by a publicly traded company. Shutterfly trades on NASDAQ, and one of the Biggest Internet Photo Publishing Services on the Internet with over 60 million registered users.
How often does the GrooveBook come out?
A new book comes every month, each bearing the familiar GrooveBook groove and a new cover design. Subscribers can feel free to upload duplicate photos and share them with their loved ones. During the presentation, Lori enjoyed fawning over a photo of Daymond as a kid. With hair.
