Snapwire

Snapwire

Early Stage

On-demand, custom photos from proven photographers

On-demand, custom photos from proven photographers

Overview

Raised to Date: Raised: $108,360

Platform

StartEngine

Start Date

07/24/2016

Close Date

12/01/2016

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$650

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.40

Year Founded

2012

Industry

Consumer Products, Goods & Services

Tech Sector

MarketplaceTech

Location

SANTA BARBARA, California

Snapwire is raising funds on StartEngine. It is an online marketplace that connects photographers with brands that need a high volume of imagery. Snapwire serves as the connection between companies in the market for original photos and the photographers for the companies to get the images they need and the photographers to earn money for their photos. The platform has hosted more than 4,900 photos since its launch and has a photo buyer base of more than 12,000. Chad Newell founded Snapwire in August 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for new hires, product development, marketing, international expansion, and existing employees' compensation.

Summary Profit and Loss Statement

FY 2015 FY 2014

Revenue

$125,022

$58,468

COGS

$73,945

$52,635

Tax

$800

$800

 

 

Net Income

$-764,698

$-883,461

Summary Balance Sheet

FY 2015 FY 2014

Cash

$4,101

$216,987

Accounts Receivable

$128,438

$0

Total Assets

$135,709

$226,987

Short-Term Debt

$2,150,103

$1,330,305

Long-Term Debt

$100,000

$255,000

Total Liabilities

$2,250,103

$1,585,305

Financials as of: 07/24/2016
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Snapwire 04/30/2017 Wefunder - $184,752 Equity - Common Funded RegCF
Snapwire 12/01/2016 StartEngine - $108,360 Equity - Common Funded RegCF
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Snapwire on StartEngine 2016
Platform: StartEngine
Security Type: Equity - Common
Price per Share: $0.40

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