TipSnaps
 | |
| Headquarters | New York, New York , U.S. |
|---|---|
| Founder(s) | Lyonel Dougé |
| Industry | Crowdfunding, Social Media, Tech |
| Website | tipsnaps |
| Launched | 2017 |
TipSnaps is a monetization platform that allows content creators to sell social media content. It enables subscribers to fund content through recurring payments or single payments.[1] TipSnaps charges content creators a flat commission of 15%.[1][2] The service is geared towards mobile-first creators[3] such as Fitness Trainers, Beauty & Hair Influencers, Musicians, Culinary Experts and is also adult-friendly. TipSnaps is based in New York City.
History[edit]
TipSnaps was founded by company CEO Lyonel Dougé in 2017.[1][4][5][6] Before founding TipSnaps, Lyonel developed software for companies such as Sony Music and Viacom.[1] Though initially fully bootstrapped,[4] the company has brought on angel investors as of December 2020.
Business model[edit]
TipSnaps supports personal brand monetization without the use of advertisements or paid product endorsements and sponsorships.[2] Creators directly monetize exclusive videos, photos, and audio content.[5][3] Some content is only accessible through recurring subscription-based payments while other content can be accessed with one-time payments. To protect from leaks, TipSnaps does not allow subscribers to screenshot creators’ exclusive content.[2] Creators retain ownership of all materials published on TipSnaps.[2] TipSnaps also offers Tip Pools that allow subscribers to put their funds together for a single creator, which is ideal for crowdfunding creative projects.[2]
For most users, TipSnaps charges a commission of 15% per subscription or tip, but for users publishing “high-risk content,” the rate ranges from 20% to 25%.[7]
TipSnaps also offers creators tax verification features and tax filing resources to ensure that creators file taxes correctly and avoid tax issues with their earnings.[2] TipSnaps is also planning to release TipSnaps University, which features classes for creators on subjects such as filing taxes, promoting brands, and creating high quality visuals.[2]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 "TipSnaps: Platform for Social Media Influencers". Crowdability.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 2.6 "TipSnaps.com – a Better Alternative for Fandom Monetization – Secure, Better Rates, Protects Creators from IRS". WFMJ. August 5, 2020.
- ↑ 3.0 3.1 "TipSnaps". PreIPOBuzz.
- ↑ 4.0 4.1 "SeedInvest". Crowditz.
- ↑ 5.0 5.1 "UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM C" (PDF). United States Securities and Exchange Commission.
- ↑ "TipSnaps LLC". National Investor Network.
- ↑ "Payment Policy". TipSnaps.
