Press Releases Apr 27, 2004

SHUTTERFLY ADDS MDV MANAGING PARTNER NANCY SCHOENDORF TO BOARD OF DIRECTORS

REDWOOD CITY, CALIF. – (April 27, 2004) — Shutterfly (www.shutterfly.com), a leading provider of online photo printing and sharing services, today announced that Nancy Schoendorf, a managing partner with venture capital firm Mohr, Davidow Ventures (MDV), has joined the Shutterfly Board of Directors.

Focusing on software and services investments, Ms. Schoendorf has been a general partner at MDV since 1994, and a managing partner since 1997. Prior to joining the firm, Ms. Schoendorf spent 17 years in various engineering and executive positions with Hewlett-Packard, Sun Microsystems and Software Publishing Corporation.

In addition to Ms. Schoendorf, the Shutterfly Board of Directors includes Board Chairman Jim Clark, Shutterfly’s president and CEO Dave Bagshaw, and board members Kenneth Goldman and Tom Jermoluk.


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About Shutterfly
Founded in 1999, Shutterfly, Inc. (www.shutterfly.com ) is a premium photo service specializing in the consumer and professional photography markets. The company provides customers with simple and fun ways to organize, enhance and archive images; share pictures with family and friends; order professional-quality prints and create an assortment of personalized items such as Photo Books, Calendars and Greeting Cards. In 2005, Shutterfly ranked no. 170 on the 24th annual Inc. 500 list of the fastest-growing private companies in the country.

Shutterfly, Shutterfly Collections and Shutterfly.com are trademarks of Shutterfly, Inc.
MDV has built a reputation among entrepreneurs as a partner by taking a hands-on approach to investments and working skillfully to architect and held build successful companies. MDV partners focus on early stage investments while bringing years of real-world experience to accelerate each company’s time to market and optimize its long-term success. Industry-leading companies funded by MDV include Agile, Auspex, Brocade, Epigram (BRCM), FormFactor, Freshwater Software (MERQ), Ipsilon Networks (NOK), Kalpana (CSCO), Numerical Technologies (SNPS), ONI Systems (CIEN), Pivotal Technologies (BRCM), Rambus, Vantive, Vitesse and Zip2. Founded in 1983, MDV has $1 billion under management.


about sfly
Media Contacts:
Bridgette Thomas
Shutterfly
(650) 610-3519