TipSnaps

TipSnaps

Early Stage

Enabling overlooked Creators + underserved Fans in the Creator Economy

Enabling overlooked Creators + underserved Fans in the Creator Economy

Overview

Raised this Round: Raised: $46,282

Total Commitments ($USD)

Platform

Republic

Start Date

05/11/2022

Close Date

11/30/2022

Min. Goal
$25,000
Max. Goal
$750,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$15,000,000

Discount

0%

Year Founded

2017

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

Lewes, Delaware

Business Type

High Growth

TipSnaps, with a valuation of $15 million, is raising funds on Republic. The company has developed a black-owned platform focused on creators of color and underserved fans. The platform promotes creators of color who are often overlooked by other platforms and empowers fans to request the content they want. TipSnaps makes weekly payouts to creators, offers profile customization and crowdfunding for content, and has a monthly upload guarantee for fans. TipSnaps has 450,000 registered users and $2 million in gross sales since launch. Lyonel Douge founded TipSnaps in March 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $750,000. The campaign proceeds will be used for engineering, social marketing, and support.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$184,974

$332,090

COGS

$198,673

$299,621

Tax

$0

$0

 

 

Net Income

$-219,490

$-45,671

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$3,020

$197,371

Accounts Receivable

$1,431

$5,367

Total Assets

$4,451

$205,538

Short-Term Debt

$41,729

$19,092

Long-Term Debt

$200,000

$200,000

Total Liabilities

$241,729

$219,092

Financials as of: 05/11/2022
Create a free account today to gain access to KingsCrowd analytics.

Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TipSnaps 04/05/2023 StartEngine $25,020,000 $0 Equity - Common Not Funded RegCF
TipSnaps 11/29/2022 Republic $15,000,000 $46,282 SAFE Funded RegCF
Create a free account today to gain access to KingsCrowd analytics.

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.
Add to portfolio
TipSnaps on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

Follow company

Follow TipSnaps on Republic 2022

Buy TipSnaps's Deal Report

Warning: according to the close date for this deal, TipSnaps may no longer be accepting investments.

TipSnaps Deal Report

Get KingsCrowd’s comprehensive report on TipSnaps including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether TipSnaps is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the TipSnaps deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge