Shutterfly Files for IPO

A few highlights from the Shutterfly S-1:
  • $83.9 million in revenue last year with net income of $28.9 million (But $24 million was from a one-time tax benefit recognized in Q4 2005. The revenue growth is strong year over year.
  • They have stored more than 900 million customer photos in their archives.
  • They have sold 300 million prints in 11 million customer orders.
  • 84% of their customers are female.
  • This is a bit surprising to me.

Shutterfly IPO?

While living in Silicon Valley in 1999-2000 and because MyFamily.com was in the photo-sharing space, I had the privilege of meeting with key people at most of the early photo-sharing sites. I remember one meeting in our Howard Street office with some folks from Shutterfly.com. Lots of companies wanted to partner with MyFamily.com because we had millions of photos (in private family websites) and they had ways of getting those photos into prints, calendars, mugs, and other products.)