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#15 Groovebook – acquired by Shutterfly Inc. in 2015 for $14.5 million.
Shark Tank is the wildly successful reality TV series where entrepreneurs get to pitch their ideas to the business mogul sharks. The show is probably so successful, in a way many reality TV shows are, because it lets the viewer experience the thrill of chasing your dreams, going all-in, and putting everything on the line in the hopes of making a better life. It’s entertaining to see the best ideas get funded and nearly as fun to watch the bad ideas get shot down. The Sharks are self made millionaires (and one billionaire) and they invest their own money into businesses they like, which makes it even more exciting to watch.
We have put together a round up of the 15 most successful Shark Tank businesses of all time (as of 2019), which together have generated billions of dollars in revenue and company sales. Find out how they did it and which business owners decided to cash out in this exciting behind the scenes review of the most successful Shark Tank Businesses ever.
#15 on our list is Groovebook was acquired by Shutterfly Inc. in 2015 for $14.5 million. The patented groove allowed the company to sell subscription photo books for just $2.99 each including shipping. After the show aired, the membership skyrocketed to over 500,000 subscribers. Groovebook represents an affordable and unique gift idea for loved ones. Instead of sending a traditional present, you can subscribe your loved ones to a Groovebook annual subscription. Each month you just upload your favorite digital photos to the Groovebook site, and your loved ones will receive a physical photo book of all your best memories in their mailbox! The owners who presented their patented Groovebook on Shark Tank cashed out when they decided to sell the business to Shutterfly in 2015 for $14.5 million dollars. We are uncertain if this was an all cash deal or if it was part cash and part stock options. Either way, the inventors of this great product made out quite well! The continued success of the product and the company sale make Groovebook the fifteenth most successful Shark Tank business ever.
Coming up…We have compiled a list of the 15 most successful Shark Tank businesses as of 2019, including 1 company that sold for over a billion dollars. Keep reading on the next pages to find out who are the biggest Shark Tank winners of all time!
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