# Snapwire On-demand, custom photos from proven photographers ## Elevator pitch Snapwire connects proven photographers, who shoot authentic & affordable royalty-free photos, to businesses & brands. Today's stock photos are overused and outdated. With Snapwire, brands call the shot, set a price, provide inspiration and 300K photographers take the challenge to shoot the perfect photos. Submissions are reviewed and licensed. Finding a stock photo to match a brand's story is like finding a needle in a haystack. Not anymore. Let affordable custom photos come to you. - Canonical URL: https://wefunder.com/snapwire - Entity ID: wefunder:company:13079 - Last updated: 2026-06-04T05:02:03Z - Generated at: 2026-06-04T07:25:16Z ## Quick facts - 1800 clients worldwide such as LinkedIn, Scholastic, Google, and Hertz - Over 330,000 photographers in 180 countries - 15K people sign up for Snapwire every single month - Partners include Adobe and Google - Previously raised $180K from 164 accredited and non-accredited investors with Reg CF ## Active fundraises - wefunder:fundraise:8745: 4(a)(6) successful (USD) ## FAQ 1. **I have a few questions: Firstly, any revenue figures and financials to share? Second, cash position is $65k. With AR and this financing round, how long is the runway? Third, what's the breakdown of fund use? Fourth, how big is the team now and how do you intend to grow it? Las...** - Hi Edwin, Thanks for your great questions. I see that you have some Venture experience so I will take this opportunity to address your questions with thorough replies as they each require deep and important responses. Our cash position changes dramatically in January, we felt it appropriate to post our current position at the time of filing this fundraising effort with the Securities Exchange Commission. Naturally, our Cash Position fluctuates by day/month, and, depending on the development o... 2. **How much is valuation with this company? will you accept other source of income for the app like ads?** - Hi Mike. Thanks for your question. Our pre-money valuation is approx. $7.3M. Your investment buys actual ownership in Snapwire. If you invest, you're assuming the company will be worth more in the future considering we have a liquidity event. 3. **Do you have other form of income aside from selling the pictures? like ads?** - Hi Mike. Thanks for you question. We do not sell ads on our website or in our mobile apps. We believe that the Snapwire value proposition would be diluted if we did so. As of now, we monetize based on facilitating image licensing. However, as the company grows we see clear paths to profit centers that provide more value to our user base. For the time being, we want to really focus on what we know we do well. 4. **Projected revenue for CY2017?** - Hi John. Thanks for your question. I wanted to run your question by legal prior to responding because (while it may seem surprising) it is usually advised not to respond to questions about revenues. The main reason is because if the company missed it targets after we disclosed our targets, it opens the company to unnecessary liability. I can tell you that our revenue projections are a function of thoughtful analysis of our historic revenues and what we feel we can do in the near future; and o... 5. **Hello Chad, if I invest in snapwire will I be getting the profit returns or just the usual perks? Second, after the successful transaction of buying the shares will I be getting to see the routine company's progress sheet? Like what the company is upto?** - Hi Kunal. Thanks for your message. We are no longer offering common stock on this offering. To prevent dilution of investors in our previous round, we're offering a SAFE with a valuation cap of 4.9M. While the SAFE is considered a non-priced round, the valuation cap serves as assurance that your price won't be greater than the shares sold in our most recent previous offering (which also had a 4.9M valuation). We take our commitment to our investors seriously, and switching to the SAFE allows ... ## Team - Chad Newell (CEO) - Ryan Dewane (Creative Director and Product) - Lexi Lim (Corporate Assignment & Community) - Ervinna Roque (Support and Community) ## Q&A - Q: Why have there been no updates on the company in 6 months? Even longer for any meaningful updates.  - Q: Any updates or is the company has shut down? - Q: 3 YEARS, already. Can your Investors get some information, at least, for their $$$$$? Very rude. Why no further fundraisers, or updates?? Today is Oct. 31 2021! - Q: Been four years. Let's get some kind of an update. - Q: Hi Chad, We didnt get any update on 2020 so far. Can you provide us some updates on how Smapwire is doing. Thanks! - Q: What is the status with a return on the investment made? What are my exit options at this point? Also, is there any newletter to signup for regular updates? - Q: What is the status with a return on the investment made? - Q: Hi, how much annual revenue, since lunch, and what is your growing plan? - A: Hi Ahmed. Our revenues are located in the from C for 2014 & 2015 and our 2016 financials are yet to be available. One reason for this is that we have to be compliant with GAP for our 2016 revenues As soon as they are, I will edit my reply here for you. Our use of proceeds is also located in our form C where you can read about our Growth Plan where we lay out new hires and marketing allocations. - A: At the time of this question, our campaign had ended. This question was not forwarded to our emails due to an email change so your previous request for updates was ignored erroneously. Please accept our apologies. - Q: I have a few questions: Firstly, any revenue figures and financials to share? Second, cash position is $65k. With AR and this financing round, how long is the runway? Third, what's the breakdown of fund use? Fourth, how big is the team now and how do you intend to grow it? Lastly, what's your advantage over competition like 500px etc? - A: Hi Edwin, Thanks for your great questions. I see that you have some Venture experience so I will take this opportunity to address your questions with thorough replies as they each require deep and important responses. Our cash position changes dramatically in January, we felt it appropriate to post our current position at the time of filing this fundraising effort with the Securities Exchange Commission. Naturally, our Cash Position fluctuates by day/month, and, depending on the development of our product needs, we deploy resources accordingly. With the partial use of funds already raised from our previous campaign on StartEngine, Snapwire has released several major updates: iOS compatibility, for our website we launched "light boxes" for buyers (which we call Collections on Snapwire - a tool for buyer), batch uploads for photographers (now they can upload and keyword up to 10 photos at once which accelerates the growth of our library/marketplace), Pay Per Shoot for buyers (this affords photo buyers to post a Request for all photos submitted to a gig from invited photographers), and much more. Our Accounts Receivables (AR) are a little more than $150K for January; alone. This is primarily from our relationship with Google (a client); who we anticipate will be using our platform more and more in 2017. If we raised at least $100K on WeFunder we would run for 12 months. If you add in our organic pipeline sales from other buyers, we will run for 24 months. By contrast, if you only take our current cash position and the receivables due to us in January, the company has a runway of at least 8 months; alone. Thus, if we raised our minimum amount on WeFunder of $25K we will run for more than 12 months. Our use of funds are primarily deployed for domestic and international enterprise buyer growth, plus product improvements to make our photographer community even more valuable. In our industry, for buyer growth, it is critical to captivate the attention of art buyers at major ad agencies and fortune 500 companies. Our new Pay Per Shoot affords us to enter consumer photographer demand needs. Both will be aggressively expanded on now that our product has matured. We are a team of 5 with roles in product, growth, social, admin, and client development (sales). We have developed our product with in-house IT professionals, and have recently moved 80% of development to a trusted outsourced development team in Belarus. Our future plans are to secure Mobile Team and Web App Team when resources permit, but not before sustainable growth. Our immediate team growth resolves around a proven SDR and Biz Dev structure, but only as demand requires. I am not a fan of over-staffing on team until there are Purchase Orders from clients. Your final question relates to how we differentiate. The big incumbents in the space are Getty Images, Shutterstock and Adobe Stock. We have strategic partnerships with one of them and more are in the pipeline. Snapwire is a new generation agency that many associate similarities with 500px. We see Snapwire as unique as we lead with our assignment model. In fact, we lead the space with the most launched photo Requests and have built our product to scale this differentiator. While others have hinted at “brand missions” most have to manage these with internal resources. We have an automated and scalable solution. Each competitor has a library marketplace, however, our assignment model builds our own library marketplace in a unique way with quality as the leading requirement, and in this space, one can not sacrifice quality to succeed. You have one shot to make a good impression for buyers and Snapwire’s proprietary leveling and point systems ensures that the buyer always see quality photos first. - Q: I never received any email to accept any options on Carta. BTW, what is going on with my investment? - Q: Any latest update ??? - Q: Chad, any update ? I know you might not want to put too much information out on the World-Wide-Web because of competitive reasons; so is there any newsletter we can signup to? I’m sure you’re giving timely updates to your institutional investors, why leave us in the dark? Love all the progress so far, keep it up and know you have a gang of wefunder investors rooting for your success! Peace, - Q: AS AN INVESTOR, I HAVE NOT BEEN ABLE TO LOCATE MY STOCK. I WOULD LIKE TO KEEP MY STOCK ALL IN ONE PLACE AS I AM GETTING ALONG IN YEARS AND IT WOULD BE EASIER FOR MY SURVIORS TO CLAIM THEM. - Q: is there a mailing list I can on get for future updates - Q: Hi Team, I am an existing investor in your company. Its been more than 1+ years since my investment and I still dont see anything much coming from your end. Just wanted to know, what are the exit options I have at this point in time. I would like to withdraw my money and may be invest it somewhere. You can email me at - Sumit784@gmail.com Looking forward to hear from you. Thanks, Sumit Rathore - A: Hi Sumit, Unlike a Convertible Note, a SAFE is not a loan. As such, it does not accrue interest, have a maturity date, or have a legal obligation to be paid back. This makes it a simpler and cheaper way to finance a startup, and it typically better aligns with the intention of most early stage equity investors who never intended to be lenders (convertible notes are rarely if ever paid back in cash despite being a debt instrument – the startup just goes bankrupt).