Snapwire Media Inc. is now closed and is no longer accepting investments.

Snapwire Media Inc.

On-Demand Stock Photography Marketplace

Small OPO
Santa Barbara, CA
Software & Services
Accepting International Investment
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At Snapwire, we believe that when creatives work together, the results can be magical. This is why we have created the first and biggest marketplace for on-demand stock photography. On Snapwire, people needing authentic stock photos launch a creative brief and talented photographers submit photos to match the buyer’s vision, earn money for their creativity, and buyers license the photos they love. 

We believe the next great leap in photography is centered on something human: creative collaboration. 

Since launch in mid 2014, we've changed the game for thousands of image buyers and photographers worldwide. With over 285,000 photographers and an avid community of supporters, you have a unique opportunity to join our movement and help us change the entire commercial photography industry.

On average, 15K people sign up for Snapwire every single month.  The community has grown to 285,000 photographers in 180 countries. 

Finding the right photo can be like finding 'a needle in a haystack'. Spending over 20 years in the commercial photo world, we witnessed photo buyers constantly fail at finding the right photo. As Instagram & social networks gave way to a new generation photographer, we knew it was time to collide these worlds and create a community with the first scalable photo assignment model. 

Read on to learn more on how you can help make this a reality. #JoinTheStory.


Photo by: Melanie Riccardi | Pro Level

Snapwire is a platform that connects visionary photographers with businesses, brands and creatives around the world. We give photo buyers the ability to post creative requests and proven photographers respond with their best shots. Buyers get unique images that match their vision, and the winning photographers get paid. Anyone can earn. 

Snapwire was built to answer the call of millions of photo buyers who are forced to use cheesy, overused stock photos. Searching for the right photo is time-consuming and often unsuccessful. We're changing this process. Buying stock photos used to be an experience that was completely disconnected from the photographer who shot the photo, but we've brought photographers directly into the buying process.



Photographers receive specific requests through our mobile app or on the web, they shoot the photo to specification & get paid when a buyer loves their images. It’s that simple. Buyers nominate their favorite photos, and build working relationships with their favorite photographers. Photographers earn points and keep 70% when their photos sell. The extra photos that aren’t purchased are curated into our Marketplace Library, where photographers earn 50% when their photos sell. 

On Snapwire, over 285,000 photographers capture insights, concepts, products, and locations; each on time and on budget. Our photographers are qualified by our platform & work their way up the ranks to professional-level photography jobs.



Getting authentic, custom made photography for brands is fragmented, expensive and hard. The stock photo industry uses mass archives of irrelevant, outdated, pre-shot photos. Searching for the right photo is inefficient and sometimes impossible.



Brands & businesses ask photographers to shoot exactly what they are looking for at a price they control. As photos are submitted in real time, brands get to choose authentic photos that best fit their creative vision and download them instantly. Imagine how different and unique photos can be produced by our photographers from 180 countries with diverse backgrounds, style and vision. 

Everyone wins on Snapwire. Even if the photographer does not have their photos purchased from a Request creative brief, they can earn a spot in our growing photo library and have their photo purchased from buyers who seek a traditional photo search.


Snapwire's Marketplace Library is a growing collection of the best photos from our photo Requests with over 2.5 million worry free images available for license. 



With the release of iPhone 5s and its revolutionary built-in camera, people no longer needed to own an expensive DSLR camera to take beautiful pictures. The entire movement of Instagram photography has emerged with millions of photography enthusiasts. This has democratized the industry enabling anyone with a phone to take outstanding pictures. 

At Snapwire, we take it one step further and help anyone with an iPhone earn by selling their epic photos. 

It’s as simple as:



Our users are loving it! Snapwire has been consistently featured on the iTunes App Store (Photo & Video > Discovery & Share) with 5 star ratings. Building a successful company in the photography space relies on a shift to mobile & social. 


We designed the app to help passionate photographers stay informed of new briefs, upload photos on the go, and stay connected to the valuable community. Photographers follow peers who inspire, learn what photos sell, and respond to photo buyer's questions. 


We’re here to build a better way to get beautiful photos by connecting a new generation of photographers directly with photo buyers. The press agrees. See where Snapwire has been talked about. 


Photo by: Evan Sheehan | Expert Level


Photo by: Janna Johns | Elite Level


Photo by: Nicole Knox | Elite Level 


The commercial photography industry generates revenue from 2 distinct sources. Commissioned work and Pre-Shot Library licensing. Now that anyone can be a photographer, the demand for high-quality photography has never been greater. 

Photo by: Eddie Rios | Pro Level


The biggest players in the stock photo space work with us. Our awesome partners include Adobe, Getty Images, Google and many more have loved getting amazing on-demand photos from our community.


Perks for Successfully Investing*:
$650: Snapwire FX Adobe Lightroom Preset Packs & Snapwire SWAG Bag (includes T-Shirt, Stickers, + Handwritten Thank You)

$1000: All the above plus Shooter Software Essentials Pack (includes Skillshare Subscription, subscription from agree.com, and Image Protect download) & Social Print Studio Metal Print

$2500: All the above plus, unique Artifact Uprising coffee table book filled with Snapwire's best images throughout the years. 

$5,000: All the above plus Moment iPhone Camera Lens. 

$10,000: All the above plus Langly Camera Bag

$50,000: All expenses paid photo adventure trip to Santa Barbara. 

*All Investors who are registered users on the Snapwire platform will receive a unique badge signifying their ownership in the company. Agree, Artifact Uprising, Langly, ImageProtect, Moment, Skillshare,  and Social Print Studio are all registered trademarks to their respective owners.


This change in investment law, makes equity crowdfunding under Title III possible; allowing both non-accredited as well as accredited investors to invest in private companies. Equity crowdfunding like this is different than other crowdfunding efforts as you actually can own shares in the company.  It opens an investment opportunity to millions of everyday people, giving them a chance to own a part of our story.

Today, our society is obsessed with the one visual medium that quickly and succinctly has told  a story since the dawn of man.  We’ve used visuals to communicate stories. Now that we all have a camera in our pocket, capturing stories with a camera and having the tools to make that photo look incredible, is at everyone’s disposal. In order to capitalize on the abundance of supply, and inefficiencies of demand in the $10B commercial photography industry, Snapwire is trailblazing a better, more collaborative way of getting photos through human connection. Let’s make photography human again and become a part of our story. When you invest, not only will you become a valued shareholder, but you also get some incredible perks.


The idea that anyone, anywhere, can shoot, edit, and upload a beautiful photo in seconds, right from their camera, and instantly get it in front of a global audience is incredible. Photos are now considered ‘social currency’ and a form of ‘conversation’ in a way that only words once were. Each day, people shoot over a billion photos and share over 200 million of them online.  As we’ve made shooting and sharing photos easier and easier, amidst the change, the economic value of the photograph has been diminished. Snapwire aims to change the economic value of the photograph. 

Our vision is to enable anyone with a creative passion for photography to earn money doing what they love, while making it easier for photo buyers to get unique, custom photos that elevate their own projects. Now you can #jointhestory to help make a passion into a profession for millions of aspiring photographers.  

Photo by: Blake Bronstad | Pro Level


* Pursuant to "Test-The-Waters" campaigns under Regulation A under the Securities Act of 1933.  Snapwire received $10,284,000 of indications of interest on SeedInvest beginning in August 2015 and $3,000,000 of indications of interest on StartEngine before launching this equity crowdfunding campaign under Regulation CF.


Offering Summary

REGULATION C OFFERING STATEMENT DATED JULY 21, 2016

SNAPWIRE MEDIA, INC.

 3905 State Street, Suite 7-510

Santa Barbara, CA 93105

USA

Telephone: +1 (805) 845-7572

www.snapwi.re


Minimum purchase:  1,625 Shares ($650.00)

Up to 2,500,000 shares of Common Stock


Price Per Common Stock Share to the Public: $0.40

Total Number of Common Stock Shares Being Offered: 2,500,000

Proceeds to Issuer Before Expenses*:  $1,000,000.00

*Does not include expenses of the offering, including costs of posting offering information on StartEngine.com., estimated to be between 5% and 7% of the gross amount of the Common Stock sold. We intend to sell our Common Stock through our officers, who will not receive any additional compensation for their selling efforts.  We may hire a placement agent, who would be a member of the Financial Industry Regulatory Authority (FINRA) and registered with the U.S Securities and Exchange Commission as a broker or dealer, and pay commissions of up to ten percent (10%) of the gross amount of the Common Stock sold.


Our target offering amount is $50,000.  If we do not raise our target offering amount by December 31, 2016, no securities will be sold in this offering, investment commitments will be canceled and committed funds will be returned.  We will accept oversubscriptions in excess of the target offering amount up to $1,000,000 on a first come, first served basis.

We will file a report with the Securities and Exchange Commission annually and post the report on our website not later than 120 days after the end of each fiscal year covered by the report.  We may terminate our reporting obligations in the future in accordance with Rule 202(b) of Regulation Crowdfunding (§ 227.202(b)).

Investing in our common stock involves risk. See the section titled “Risk Factors” to read about factors you should consider before buying shares of our common stock.

The common stock offered in this offering is subject to restrictions on transferability and resale.

There is currently no trading market for our common stock.  We currently have no plans to list the securities on any national securities exchange or on the over-the-counter market.

*****

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of us and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration. For general information on investing, we encourage you to refer to www.investor.gov

You should rely only on the information contained in our offering statement filed by the U.S. Securities and Exchange Commission on Form C prepared by or on behalf of us. We have not authorized anyone to provide you with information different from, or in addition to, that contained in this offering statement. The offering statement is an offer to sell only the shares offered therein and only under circumstances and in jurisdictions where it is lawful to do so. The information contained in our offering statement is current only as of its date.


FORWARD-LOOKING STATEMENTS

This offering statement contains forward-looking statements, which include information concerning our liquidity and our possible or assumed future results of operations, including descriptions of our business strategies.  These statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “estimate,” “target,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecasts,” “mission,” “strive,” “more,” “goal,” or similar expressions.  The statements are based on assumptions that we have made, based on our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments, and other factors we think are appropriate.  We believe these judgments are reasonable.  However, you should understand that these statements are not guarantees of performance or results.  Our actual results could differ materially from those expressed in the forward-looking statements.

There are a number of risks, uncertainties, and other important factors, many of which are beyond our control, that could cause our actual results to differ materially from the forward-looking statements contained in this offering statement. Such risks, uncertainties, and other important factors include, among others, the risks, uncertainties, and factors set forth below under “Risk Factors,” “Use of Intended Proceeds” and “Financial Condition.”

We urge you to read our offering statement filed with the U.S. Securities and Exchange Commission on Form C, including the uncertainties and factors discussed under “Risk Factors,” completely and with the understanding that actual future results may be materially different from expectations.  All forward-looking statements made in our offering statement are qualified by these cautionary statements.  The forward-looking statements contained in our offering statement speak only as of the date of this offering statement.  We undertake no obligation, other than as may be required by law, to update or revise any forward-looking or cautionary statements to reflect changes in assumptions, the occurrence of events, unanticipated or otherwise, or changes in future operating results over time or otherwise.


MAKING AN INVESTMENT IN SNAPWIRE

How do I invest in Snapwire?

We are conducting an equity crowdfunding offering pursuant to Regulation Crowdfunding promulgated by the U.S. Securities and Exchange Commission under Title III of the Jumpstart Our Business Startups (JOBS) Act of 2012.  Regulation Crowdfunding, which went into effect on May 16, 2016, enables startups to offer early-stage investments of up to $1 million to the general public through equity crowdfunding.  We are offering an equity investment in our common stock.

You must make your investment online on StartEngine.  When you do so, your money will be transferred to an escrow account where an independent escrow agent will hold your investment until we reach our target offering amount of $50,000.  We will accept oversubscriptions in excess of the target offering amount up to $1,000,000 on a first come, first served basis.

If we reach our target offering amount prior to the deadline that we’ve set for ourselves of December 31, 2016, we may conduct an initial closing of the offering early if we provide notice about the new offering deadline at least five business days prior to the new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). StartEngine will notify investors when we meet our target offering amount.  Thereafter, we may conduct additional closings from time to time at our discretion until December 31, 2016.

Please note that shares in this offering may be purchased by employees and/or affiliates of the issuer, or persons related to them, and will be counted in determining whether we sell sufficient shares to meet our target offering amount.  Therefore, if we hit our minimum target amount, you should not assume that those shares have been purchased by members of the public or otherwise assume that our reaching our minimum target is any indication of the success of our offering.

An investor may cancel an investment commitment until 48 hours prior to the offering deadline.  If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the investor’s funds will be released to us upon a closing of the offering, and the investor will receive Snapwire common stock in exchange for his or her investment.  At that point, you will be an investor in Snapwire.

If we notify investors of a material change to the offering and you do not reconfirm your investment commitment thereafter, your investment commitment will be canceled and your committed funds will be returned to you.

How much can I invest?

An investor is limited in the amount that he or she may invest in a Regulation Crowdfunding offering during any 12-month period: 

If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth. 

If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

What happens after my investment in Snapwire?

We are required to file an annual report with the SEC not later than 120 days after the end of our fiscal year and post it on our website. This annual report includes information similar to our initial Form C filing, although we are not required to file audited or reviewed financial statements. In certain circumstances we may terminate our ongoing reporting requirement if:

1.         We become a fully reporting registrant with the SEC.

2.         We have filed at least one annual report, and we have not more than 300 shareholders of record.

3.         We have filed at least three annual reports, and we have not more than $10 million in assets.

4.         We or another party repurchases or purchases all the securities sold in this offering.

5.         We cease to do business.

Can I sell my securities after buying them? 

Securities purchased through a Regulation Crowdfunding offering are not freely transferable for one year after the date of purchase, except in the case where they are transferred:

 1.        To Snapwire

 2.        To an “accredited investor”

 3.        As part of an offering registered with the SEC (e.g., IPO)

 4.        To your child, stepchild, grandchild, parent, stepparent, grandparent, spouse or cohabitant occupying a relationship generally equivalent to that of a spouse, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the purchaser, including adoptive relationships; to a trust controlled by the purchaser; to a trust created for the benefit of a member of the family of the purchaser, or in connection with the death or divorce of the purchaser.

After the one-year holding period has expired, you should not plan on being able to readily transfer and/or sell your security. Currently, there is no market or liquidity for our common stock and the company does not have any plans to list these securities on an exchange or other secondary market. At some point, the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs.  Typically, a “liquidation event” is when the company either lists its securities on an exchange, is acquired, or goes bankrupt.


A note about our short-term debt.  

As is typical of many startups, we were fortunate to have our initial seed capital of a little over $2,000,000 provided by several Angel investors and one fund who made an investment in us in the form of convertible notes (i.e., convertible debt) – a common form of seed-stage financing.  We used this capital to build our platform and we’re now ready to scale the business. 

Our seed capital investors have been very supportive.  Immediately prior to the commencement of this offering, pursuant to the terms of their convertible notes, they collectively agreed to amend the terms of their debt to automatically convert it to equity, at the discounts they originally negotiated, when we reach our target offering amount of $50,000.  Therefore, because we must reach our $50,000 target in order to have our initial closing, our short-term debt of $2,150,103 on the balance sheet as of December 31, 2015, will automatically convert to equity and there will no longer be short-term debt on our balance sheet when we conduct our first closing.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$135,709.00 USD
$226,987.00 USD
Cash And Cash Equivalents
$4,101.00 USD
$216,987.00 USD
Accounts Receivable
$128,438.00 USD
$0.00 USD
Short Term Debt
$2,150,103.00 USD
$1,330,305.00 USD
Long Term Debt
$100,000.00 USD
$255,000.00 USD
Revenues And Sales
$125,022.00 USD
$58,468.00 USD
Costs Of Goods Sold
$73,945.00 USD
$52,635.00 USD
Taxes Paid
$800.00 USD
$800.00 USD
Net Income
-$764,698.00 USD
-$883,461.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Final Closing On November 30th, 2016

7 months ago

I'm writing you today to thank all of our investors for the support shown to our cause and to let you know we have decided to move up our campaign closing date from December 31st, 2016 to November 30th, 2016. Therefore, at this time, we will be conducting a final closing. On this equity crowdfunding campaign, we've reached 330% of our initial target. We are honored and humbled at the success we received to date. The investment dollars are already hard at work and many new features have been released on our platform. Specifically, our iOS mobile app has received a much-needed update and buyers and photographers now have the ability to create saved collections of images that inspire them (an important workflow feature that has been 'in demand' from buyers for quite some time). There are more product releases coming in December. Probably one of the more exciting developments in the company is that the global giant, Google Inc., as launched over 2000 local photo requests on the platform. They continue to use our product to improve image posturing of their own products and services.  As mentioned above, we have decided to close the campaign in an effort to explore other financing options at a possible higher valuation. Again, thanks for your continued support and if you want to ask specific questions regarding this decision, please use the 'Comments' feature on StartEngine.

Shooting for success,

Chad Newell, CEO

Snapwire Media, Inc.

Our 2nd closing next week

8 months ago

Our equity crowdfunding campaign is over 320% funded and we're going to be conducting a 2nd closing to gain access to the capital. 

We plan to access the funds next week.  Shortly, you will receive an official announcement from StartEngine as well. 

Continuing to shoot for success,

Chad Newell, CEO

Snapwire Media, Inc.


Snapwire named on the Entrepreneur 360™ list

8 months ago

I just thought you would like to know, that Snapwire has been named one of the best entrepreneurial companies in America by Entrepreneur Magazine. We are very proud to announce that Snapwire was chosen to be featured on the prestigious Entrepreneur Magazine's Entrepreneur 360 List. 


The Entrepreneur 360™ Ranking delivers the most comprehensive analysis of private
companies in America. This study forged by Entrepreneur has been designed to
provide a multidimensional view of entrepreneurship today, recognizing well-rounded,
privately-held companies based on their impact, innovation, growth, and leadership.


“The Entrepreneur 360 List celebrates outstanding companies for the value they bring to
the world, not just the worth of their company,” says Ryan Shea, president of
Entrepreneur Media, Inc. “The companies on this list exemplify growth, not just in top
and bottom line, but in their ability to create a superior value for their customers, build
adaptive learning cultures, and drive innovation in their marketplace.”
“Our annual evaluation offers a 360-degree analysis of the current private-business
landscape,” explains Lisa Murray, Chief Insights Officer of Entrepreneur Media, Inc.

“Top performers are determined by how well-rounded they are in four key areas: impact,
innovation, growth and leadership. Entrepreneurship is a complex endeavor—this listing
recognizes those who have mastered the challenge and are thriving this year.”

Snapwire ranks #126 out of 360 companies featured on the list. You can see it for yourself by clicking the button below or visit: http://features.entrepreneur.com/entrepreneur-360/1-10



Shooting for success,

Chad Newell, CEO

Snapwire Media, Inc.

1st closing completed. Now share our campaign and get a chance to win $40K to invest

9 months ago

We've completed our 1st closing, our short terms debt has now converted to equity,  and I want to personally thank you for your investments. As of today, we've reached over 300% of our initial goal. We will continue to do subsequent closings in the near future. In other developments, StartEngine is running a contest that gives anyone who refers new users to their platform a chance to win $40K to invest.

We've added a blue "Share" button on the top right corner of our campaign page. When you share our campaign, you will receive one point for every user you get to sign up for an account on StartEngine (no investment required). The person with the most points will win $20,000 and an Elio Vehicle. If the first place winner receives more than 20,000 signups, StartEngine will double the amount to $40,000.

To compete in the contest:
1. Go to our main campaign page.
2. Sign up or log in to your StartEngine account to get your unique share link.
3. Click the "Share" button in the top right corner and start sharing with friends.
4. Paste your unique URL on your social channels and tell your followers about the opportunity.
It's that simple.

All you need to know is:
1. Sign up for StartEngine to get your share link.
2. You get 1 point for every friend who signs up using your link.
3. You can keep track of your sign ups and place in the contest at the bottom of the leaderboard, under "Your Place".
4. If you come in first place you win $20,000 and an Elio vehicle! If you come in first place and get over 20,000 sign ups, that cash prize doubles to $40,000!

You’re already signed up on StartEngine so start sharing our page to get your friends to help you win that $40K!


Shooting for success,

Chad Newell, CEO

Snapwire Media, Inc.

Our 1st closing next week

9 months ago

Snapwire has more than successfully reached their minimum funding goal and we're continuing to accept investments. Becuase our equity crowdfunding campaign is now over 280% funded we're going to be conducting a 1st closing which affords us to gain access to the capital and start implementing our ambitious plans for growth. 

The equity crowdfunding path has been an outstanding journey for our team, customers, and avid supporters. There is quite some time left until the campaign officially ends but now, it’s time to make things happen. 

We plan to access the funds next week and would love to give your friends an opportunity to join us as investors as well. Equity crowdfunding is all about building a community of passionate individuals around a single vision. Your continued support for future closing will be appreciated.

Shortly, you will receive an official announcement from StartEngine as well. 

Shooting for success,

Chad Newell, CEO

Snapwire Media, Inc.

Live Q&A with CEO Chad Newell this Wednesday (9/14)

10 months ago

This Wednesday (9/14) Snapwire CEO Chad Newell will be hosting a live Q&A about the ongoing Title III campaign which is now 273% funded. The livestream will begin at 5:00 PM. Be sure to RSVP here: https://www.startengine.com/livestream/snapwire-media-inc

Update from Snapwire CEO, Chad Newell. He asks you...did you know?

10 months ago


It's a special thing to have built a product that solves problems and provides potential for so many. If you're a creative who's searched for stock photos, Snapwire affords you to engage with a diverse group of regional photographers who's unique style will match your brand's story. For aspiring and professional photographers, there's no faster way to get your authentic and unique photos directly in front of the brands and buyers you care about. Did you know....

1. The commercial photo industry is $10B and growing. More self-publishing platforms, like Squarespace, affords anyone to launch their own business and brand.  Looking toward the future, hundreds of millions of people seek the perfect photo that represents their story, business or brand identity.

2. On average, over 300 people sign up for Snapwire every single day. With nearly 300K registered account since launch, our community continues to grow and the best photographer's work rise to the top of buyer's feeds. Our users come from over 180 countries (we have a diverse user base!)

3. Snapwire has over 14K registered photo buyers. Our photo buyers are creative directors, graphic designers, and small businesses/brands need fresh authentic photos to tell their brand story. On Snapwire, photographers submit photos to match a buyer's specific need. Snapwire has worked with Google's Zagat Survey to shoot over 2K locations with Snapwire's proven photographers in North America in 2016 and there's more coming. 

4. Yes. You can invest again. If you have invested, I can not thank you enough. Without your early help, our followers would not believe in the opportunity to invest. I was recently asked if someone has invested, could that individual consider investing again after the initial investment? The answer is, yes you can. If you have invested, the best thing you can do is share your enthusiasm with your network. Please take a minute to share that you invested in Snapwire on social and drive your friends to our campaign page (here) so they too can explore the opportunity. 

Lastly, today, we've reached nearly 200% of our initial goal and we are on our way to be one of the earliest companies to have raised capital under the Title III finance structure allowing the company to raise up to a full $1M. While we've achieved a major milestone in a short period of time, we plan to keep the opportunity to invest in our company available to everyone who wants to join our story. We want to ensure that every dollar raised, helps us continue to lead this new on-demand assignment model. 


Shooting for success, 

Chad Newell, CEO

Snapwire Media, Inc.


 

155% of our goal.

11 months ago

We've reached 155% of our goal, but $77K  is not enough so we plan to keep going up to the full $1M under the Title III allowance. 


103% in 72 hours.

11 months ago

We're are humbled by the initial support in our campaign. We've reached 103% of our equity crowdfunding goal in 72 hours! Thanks to everyone for your support. We're excited to see where this goes and hope you can share the excitement. Sharing the opportunity after your investment is key to continued momentum.  

Our Short Term Debt Converts To Equity

11 months ago

Thanks for the support thus far. Just over a day of announcing our live campaign, we are seeing great progress and momentum. We wanted to address what happens to our short term debt. Our seed capital investors have been very supportive. Immediately prior to the commencement of this offering, pursuant to the terms of their convertible notes, they collectively agreed to amend the terms of their debt to automatically convert it to equity, at the discounts they originally negotiated, when we reach our target offering amount of $50,000. Therefore, because we must reach our $50,000 target in order to have our initial closing, our short-term debt of $2,150,103 on the balance sheet as of December 31, 2015, will automatically convert to equity and there will no longer be short-term debt on our balance sheet when we conduct our first closing.

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