Photo site Shutterfly goes mobile, acquires Tiny Pictures for $1.3M | Hacker News

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		Photo site Shutterfly goes mobile, acquires Tiny Pictures for $1.3M (venturebeat.com)
		6 points by dbul on Sept 13, 2009 \| hide \| past \| favorite \| 2 comments

byoung2 on Sept 13, 2009 [–]

"The deal is a loss for investors, who had pumped in a whopping $12.2 million into the company"

That's quite a loss...Their $7.2M Series B just happened in Feb '08. What did they do with all that money?

suhail on Sept 13, 2009 | [–]

It's possible they simply gave it back.

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