Groovebook is doing quite well, with reports that over 500,000 people are using the service. Groovebook provides an innovative service to its users by creating customized photo books from your smartphone each month.
With their convenient mobile app, users can easily make their own photo albums from the photos stored in their camera rolls. The app also allows users to print up to 100 pages each month with just one low subscription price.
They also offer a variety of editing options to help the user customize their books to their preferences. Another great feature is the integration of videos and audio, which gives users even more options to personalize their books.
With such a unique and useful service at such an affordable price, Groovebook has been able to gain a lot of traction with their customer base.
How much did Mark Cuban make off GrooveBook?
Mark Cuban made a reported $84 million when the photo-printing and digital storage company GrooveBook was acquired by Shutterfly in 2014. Cuban, who provided initial funding for the company and had a minority stake in it, was said to have made a substantial profit on the sale.
Cuban had invested around $400,000 into the company in 2011, when it was a fledgling startup and had only a few employees. GrooveBook had provided a smartphone app that allowed users to upload photos from free storage sites such as Dropbox and Facebook, then sent them off to be printed in a personalized booklet.
By the time of its acquisition, it had become one of the largest mobile-printing companies in the U. S. and was among the most popular iPhone photography apps. The company reportedly had hundreds of thousands of users and had sold more than 2 million books by the time it was acquired.
Cuban’s income from the sale was mostly made in cash, with some paid over time.
How much money did GrooveBook make?
GrooveBook was a photo-printing mobile app founded by Brian and Julie Whiteman in 2012. The app allowed users to select pictures from their smartphones and have them printed in a book format that could be mailed to the user for free.
GrooveBook quickly gained traction, raising more than $1 million in seed funding in 2013, and by the time the company was sold to Shutterfly in May 2014, it had over 600,000 users and had processed more than 3 million orders.
The exact amount of money that GrooveBook made prior to its acquisition by Shutterfly is not public information. However, reports indicated that GrooveBook was valued at around $14.5 million when it was acquired in 2014.
Shutterfly was able to acquire the company at a price tag 20x that of the initial seed funding amount, indicating that the company had become quite successful in its brief two-year history.
Who bought Groove book?
Groovebook was founded by Julie Weinstein and Brian Dalvey in 2012 and was acquired by Shutterfly in 2014. Shutterfly, an online publishing and retail company headquartered in Redwood City, California, offers digital photo and film processing, merchandise, personalized photo products, and more.
Shutterfly purchased Groovebook to build an offering of unique and meaningful personalized photo products. As part of the acquisition, Groovebook customers were offered access to Shutterfly’s product offering.
Why is GrooveBook not working?
It is not possible to determine why GrooveBook is not working without further context. Generally, GrooveBook issues can be caused by an internet connection problem, an update on the app, or an incompatibility with the device.
To troubleshoot the issue, users can try closing the app and reopening it or restarting the device. Additionally, users can try connecting to a different internet source if they have one available. If the issue persists, users can contact GrooveBook customer service for additional assistance.
How much is GrooveBook worth today?
As of June 2019, GrooveBook’s parent company, PhotoHooks LLC, was estimated to be worth $40 million. Founded in 2013, GrooveBook is a mobile photo printing and sharing service that allows users to create and order photo books for a flat fee of $2.99 each.
The GrooveBook app is available on both the iOS and Android platforms and receives over 7 million page views per month, according to the company.
Previously operated as a subsidiary of Shutterfly, Inc. , the company was acquired by PhotoHooks LLC in the summer of 2018. Though the exact purchase price was not disclosed, it is estimated that the deal was worth between $20 and $30 million.
Since being acquired by PhotoHooks LLC, GrooveBook has benefited from access to resources and investments that have helped to increase the service’s user base and accelerate its growth. This, in turn, has allowed the company to expand its reach and increase its overall worth.
At the current estimated value of $40 million, GrooveBook remains a valuable asset to the wider photo printing industry.
How many deals has Mark Cuban made on Shark Tank?
Mark Cuban has made more than 70 investments on Shark Tank, including some of the show’s most popular and successful deals. He’s made deals in just about every industry, from food and beverage to travel and entertainment.
Some of his notable deals include GrooveBook, a subscription app that turns photos into printables; Ten Thirty One Productions, a themed entertainment company; and Rubitection, a medical device for tracking pressure ulcers.
He’s also invested in less traditional products, like Ring Steady, a workbench stability device. In total, Mark Cuban has invested more than $20 million on deals he’s made on Shark Tank.
Who is the richest person on Shark Tank?
The title of “Richest person on Shark Tank” is a bit difficult to determine since the individual net worth of each shark is constantly changing. However, there are a few sharks who consistently rank as some of the wealthier members of the show.
Mark Cuban is arguably the richest person on Shark Tank, with an estimated net worth of over $4.2 billion. He has been a member of the show since it first began in 2009 and has invested in over 70 of the businesses that appeared on the show.
He is best known for his brash, bold personality and willingness to invest any amount of money necessary in order to give a business the best chance of success.
Robert Herjavec is also consistently ranked as one of the wealthiest sharks on the show. He is well known as one of the most successful entrepreneurs. His estimated net worth is over $200 million, which puts him second behind Mark Cuban in terms of net worth among the sharks.
Like Cuban, Herjavec has also been a fixture on the show since 2009.
The other sharks, including Daymond John, Lori Greiner, Barbara Corcoran, and Kevin O’Leary, all have estimated net worths between $50 million and $200 million. While the exact net worths will fluctuate depending on the day, Mark Cuban is widely considered to be the richest person on Shark Tank.
Who is the most successful Shark Tank investor?
The most successful Shark Tank investor is likely to be Mark Cuban, who has made more than twenty investments since joining the show. He holds a wide range of interests, from technology startups to convenience stores, to health products and even education services.
His long list of investments includes mobile direct mail marketing platform SweepJoy, photobook maker TouchNote, fresh water maker ZeroWater, and energy shot company RuckPack. Cuban also owns or is a part-owner of a number of companies outside of Shark Tank, including Dallas Mavericks, Magnolia Pictures, Landmark Theatres, and 2929 Entertainment.
He is also active in investing in venture capital, having previously backed well-known companies like Dropbox and HomeAway. Cuban has earned an estimated net worth of around $3 billion.
What is happening with GrooveBook?
GrooveBook is an app-based photo printing and storing service. It enables users to upload up to 100 photos a month, which are then printed to a 4×6 book with a hard-cover and shipped to their door. Each month users receive a new GrooveBook, which is great for keeping hard copies of photos but also helpful for cutting down on storage space and clutter in the home.
Additionally, with GrooveBook, users can keep all of their photos safe and in one place. The app allows users to access a secure online library of their GrooveBooks, where all their uploads, prints, and past GrooveBooks can be accessed and organized.
Users also have the option to sync photos across devices, share them with friends and family, or even create custom prints and products.
Overall, GrooveBook provides a unique way for users to store and print their photos with ease and convenience. The app is highly rated and has been praised for helping people to easily preserve, display, and share their treasured memories.
Why is GrooveBook cheaper to ship?
GrooveBook is a unique photo-printing service that helps people to easily and conveniently print memories. The service is cheaper to ship than alternate solutions because it is completely digital and automated.
GrooveBook makes use of digital image processing and cloud-based storage, so that customers can easily upload and order their prints anywhere. By completely automating the printing and shipping process, GrooveBook is able to quickly and affordably ship prints to customers with minimal effort and resources.
They also make use of their own warehouse-based fulfillment centers, which you don’t have to worry about. This allows them to cut costs and deliver prints to customers in a cost-effective manner. Not only is GrooveBook cheaper to ship than alternate solutions, but customers also can choose from a variety of customizable options when ordering their prints that make their photos look even more beautiful.
Is your first GrooveBook free?
Yes, GrooveBook offers a one-time promotional offer of a free photo book when you sign up for their service. To get the free GrooveBook, you just need to enter an email address and provide a valid form of payment for your future orders.
Once you submit your order, your first GrooveBook will be sent to you and you’ll be billed for any additional GrooveBooks you create. If you’re not satisfied with your first book, you can cancel your subscription at any time and won’t be charged for any additional GrooveBooks you haven’t created.
How much did Shutterfly buy GrooveBook for?
In February of 2019, Shutterfly Inc. announced it had purchased GrooveBook, a mobile application for personalized photo-book printing, for approximately $14.5 million. The acquisition was made with cash and Shutterfly Inc.
stock, although the companies did not disclose the exact financial breakdown of the agreement.
GrooveBook was founded in 2014, and it made its own app that allowed customers to quickly and easily create personalized photo books. The app gave users the ability to store, share and print photos using their mobile device.
It had become a popular device among consumer photographers, with more than 200,000 downloads and an average monthly user rating of 4.5 out of 5 stars.
The acquisition of GrooveBook marks the largest and most visible move yet by Shutterfly, an online photo-printing service with over 200 million customers, to enter the digital-photo-book space. This acquisition helps Shutterfly expand its product line and provide more options for its customers.
In addition, the acquisition gives GrooveBook access to Shutterfly’s formidable technology platform, which will allow them to continue to improve their product and provide a better experience for users.
Is Shutterfly free to use?
No, Shutterfly is not free to use. To access the full Shutterfly experience, users must have a paid account. Depending on the Shutterfly product, specific features such as a photo book, calendar, or holiday cards, the cost varies.
Shutterfly also offers various discount deals to save on its products. Furthermore, in addition to Shutterfly products, users must pay shipping and taxes on all orders. With a paid account, users get full access to all the features of the Shutterfly platform and can create quality prints, cards, and photo products as well as access to special offers and discounts.