TipSnaps

Early Stage

Enabling overlooked Creators + underserved Fans in the Creator Economy

Analytics

Raised to Date: Raised: $35,620

Aggregate Commitments $

Platform

Republic

Start Date

05/12/2022

Close Date

04/30/2023

Min. Goal

$25,000

Max. Goal

$750,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$15,000,000

Discount Rate

0%

Rolling Commitments $

Status

Active

Reporting Date

05/26/2022

Days Remaining

338

% of Min. Goal

142%

% of Max. Goal

5%

Likelihood of Max
likely
Avg. Daily Raise

$2,544

Momentum
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Location

Lewes, Delaware

Industry

Media, Entertainment & Publishing

Tech Sector

MediaTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

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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TipSnaps on Republic 2022
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Platform: Republic
Security Type: SAFE
Valuation: $15,000,000

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