How much is GrooveBook worth?
How much is GrooveBook worth?
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.
How much does GrooveBook make?
GrooveBook, which makes cheap-to-ship picture books using subscribers’ smartphone pictures for $2.99 a month, saw its customer base triple to 85,000 in the first five days after its “Shark Tank” episode aired in May. That equates to $3 million in annual sales.
How much was GrooveBook sold for?
The details of the deal was not disclosed other than the final $14.5 million price tag. During the Shark Tank episode Mark Cuban and Kevin O’Leary invested $150,000.00 for 80% of the licensing rights to GroveBook’s patented technology, while the Whiteman’s retained control building their subscription service.
How much does a GrooveBook cost?
into a monthly photo book for $3.99/month. Get your first Groovebook free.
How much did Mark Cuban make plated?
That month, Plated appeared on episode 22 of the fifth season of Shark Tank, which aired on April 4, 2014; on the show, Plated struck a deal with Mark Cuban of $500,000 for 6% of the company.
What happened to GrooveBook?
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.
Where is Groove book now?
Shutterfly
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.
How much has Shark Tank Kevin made?
Kevin O’Leary – US$400 million Selling his SoftKey International company (now The Learning Company) to Mattel for US$4.2 billion in 1999, after founding it in 1986, isn’t the only thing that has made O’Leary the second-wealthiest shark.
Is GrooveBook owned by Shutterfly?
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.
How much did Kevin O’Leary make off plate?
“But, I’ve had some really big winners. “Plated, one of my deals, got sold to Albertsons, the grocery chain, for $300 million dollars. That’s the biggest exit in ‘Shark Tank’ history,” he told CNBC Make It in October. That was a deal that almost didn’t happen for O’Leary.
How much did Kevin invest in Plated?
What is Plated?
| Company Name | Plated: Meal Kit Subscription Service |
|---|---|
| Product | Food delivery service that delivers healthy meals |
| Investment Seeking | $500,000 For 4% stake in Plated |
| Final Deal | $500,000 For 5.6% + Advisory Shares |
| Shark | Mark Cuban, Kevin O’Leary (After) |
How is GrooveBook doing after shark tank?
GrooveBook EXPLODED after appearing on Shark Tank. Their sales tripled in just 5 days following the show. They had so much success, they are scheduled to appear in an update segment in episode 526.
How much does it cost to make a GrooveBook?
When the sharks asked how much it costs to make the book, they said it costs $2.30 to make and ship each book. That means that the profit is about $0.70 per book. Prior to the Shark Tank appearance, GrooveBook hit 18,000 subscribers over the course of eight months. To break even, GrooveBook needed to hit 30,000 subscribers.
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.
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.
How much did Shutterfly pay for GrooveBook?
After seeing GrooveBook quickly climb to over 1 million App downloads and over 200 million photos downloaded since appearing on the Shark Tank, Shutterfly just paid $14.5 Million for the entire business.