TipSnaps

TipSnaps

Early Stage

Enabling overlooked Creators + underserved Fans in the Creator Economy

Enabling overlooked Creators + underserved Fans in the Creator Economy

Overview

Raised to Date: Raised: $46,282

Total Commitments ($USD)

Platform

Republic

Start Date

05/12/2022

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%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/04/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$229

# of Investors

109

Momentum
Funded
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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: 05/12/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
TipSnaps 04/06/2023 StartEngine $25,020,000 $0 Equity - Common Not Funded RegCF
TipSnaps 11/30/2022 Republic $15,000,000 $46,282 SAFE Funded RegCF
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TipSnaps on Republic 2022
Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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