Quote of Note | Shutterfly CEO Jeffrey Housenbold

“Singular focus matters. If you look across the Internet, the companies that won in each vertical were singularly focused ones. They did not always stay independent, but they were the winners. In payments it was PayPal, in jobs it was Monster, in auctions it was eBay. Companies that are not entrenched in old business models tend to win in the Internet. It’s Amazon, not Wal-Mart; Netflix, not Blockbuster. We’re the Netflix of our industry. We’ve got many large offline competitors, but we have a very different business model, focused on the customer, not selling printers or ink or frames.