Tiny Pictures

Having raised a total of $ 11.2 million since its founding in 2005, Tiny Pictures Shutterfly sold Friday for $ 1.3 billion in cash and another $ 1.3 million in restricted stock to employees, which has some results triggers. If you save the earn-out, investors are now only one tenth of what they put in.

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Investors include Mohr Davidow, Draper Fisher Jurvetson, and angel investor Reid Hoffman and Joi Ito. Last round of risk the company $ 7 million was led by Draper Fisher in February 2008. But Mohr Davidow, who held preferred shares could have been the only investor to see one of these gains at all. Shutterfly disclosure of the acquisition with the SEC, which mentions only Mohr Davidow, as recipient of part of $ 1.3 million in cash.

He also mentions that Nancy J. Schoendorf, managing partner at Mohr Davidow, serves on the boards of both companies. Although no vote on the acquisition, the connection is the question of whether or not Mohr played a role in updating the agreement of Shutterfly, first.

Carson charles’s Computer Technology Blog