BookSniffer
Early Stage
Reading is good :)
Overview
Raised: $143,068
Total Commitments ($USD)
Platform
StartEngine
Start Date
01/19/2021
Close Date
07/19/2021
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$250
Security Type
Equity - Common
Series
Series B
SEC Filing Type
RegCF
Price Per Share
$0.36
Pre-Money Valuation
$18,418,015
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$795
# of Investors
270
Momentum
Funded
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Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
AdTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
BookSniffer, with a pre-money valuation of $18.4 million, is raising funds on StartEngine. The online platform helps independent authors to market and sell their books to readers. It connects readers and authors at an affordable price, allows authors to advertise and expand their fanbase, and helps readers discover new writers every day. Eric Knight and Sean Hansen founded BookSniffer in November 2019. The proceeds of the current crowdfunding round, with a minimum target of $9,999.72 and a maximum target of $249,999.84, will be used for growth and expansion. BookSniffer has over 1,600 authors on board and is already generating revenue. It is disrupting the book shopping experience and making it more convenient and affordable.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,139,656 |
$-127,629 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$38,698 |
$128,368 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,895,938 |
$3,454,715 |
|
Short-Term Debt |
$226,870 |
$37,859 |
|
Long-Term Debt |
$691,288 |
$762,474 |
|
Total Liabilities |
$918,158 |
$800,333 |
Financials as of: 01/19/2021
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