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Tech & Gadgets✅ Deal Made🤝 Acquired
GrooveBook
Monthly photo book subscription — 100 photos printed and mailed for $2.99
The Pitch
Asked for
$150,000 for 80%
Season / Episode
S5 E13 (2013)
Final Deal
$150,000 for 80%
Investor(s)
Mark Cuban, Kevin O'Leary
🔍 This company is gone — but the idea lives on
Best modern photo book subscription service
🛒 Shop Chatbooks Photo Books →About GrooveBook
GrooveBook was a subscription service that printed 100 smartphone photos into a perforated photo book monthly for $2.99. Acquired by Shutterfly for $14.5M.
Company Timeline
12
2012
Brian and Julie Whiteman launch GrooveBook app
13
2013
Appear on Shark Tank Season 5. Cuban and O'Leary invest $150K for 80%
14
2014
App downloads surge after episode. Subscription base hits 500K+
14
2014
Acquired by Shutterfly for $14.5 million just one year after Shark Tank
Where Are They Now?
Acquired by Shutterfly for $14.5M — a huge exit for a $150K investment.
🦈 Shark Update
Mark Cuban and Kevin O'Leary both received a return on their investment when Shutterfly acquired the company.
💰 Shark Return on Investment
Invested
$150,000 for 80%
Estimated Return
~77x
Current Value
$11.6M (80% of $14.5M Shutterfly acquisition)
💰 Great exit
#photos#subscription#printing#app
