Groove Book
GrooveBook - Consumer Services
Pitch Details
Season / Episode
S5E13
Jan 10, 2014
Ask
$150,000
for 20%
Ask Valuation
$750,000
Deal
$150,000
for 80%
Watch the Pitch
Deal Terms
Amount$150,000
Equity80%
Valuation$187,500
Mark Cuban
Kevin O'LearyWhat Happened Next
Acquired
Acquired by Shutterfly in November 2014 for $14.5 million
$5M
estimated
- Appeared on Season 5, made deal with Mark Cuban and Kevin O'Leary for $150K for 80%
- Grew from 1,800 to over 500,000 subscribers after airing
- Acquired by Shutterfly for $14.5 million in November 2014
- One of the biggest Shark Tank success stories in terms of ROI for the sharks
- Service was eventually folded into Shutterfly's platform
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