Everything Chad Newell said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Newell: Title III rules require all deal communication directly on funding portals
“Legally. No, you're not allowed to. The idea that this is basically a tombstone ad and the spirit of title three is to let the cloud, excuse me, the crowd collectively decide that If Snapwire is a sound investment, all communications about the deal, the terms …”
Newell: Title III crowdfunders do not require individual acquisition signatures
“You know, these are common stockholders, and you know, when we do sell the rights of the acquirer, if we do, if we went down that path would just fall under the terms of the deal, and also the terms of the current offering that we're offering. So, in other wor…”
Newell: Snapwire secured $3M in investor reservations before Title III pivot
“Start engine and snap where I had worked together to run a test the waters campaign to Weeks before we actually switched gears and went to title three three million dollars of reservations from potential investors when we thought we were going to do a title fo…”
Newell: Snapwire raised $2.1M in traditional venture debt
“As you'll remember, I did this log in raising two and two and 2.1 million dollars in traditional venture debt.”
Newell: Snapwire has 300,000 photographers across 180 countries
“Well, you know, on Snapwire, we have a community of 300,000 photographers in a 180 countries who are all on the platform willing to, wanting to sell their images to image buyers.”
Newell: Snapwire revenue is split 50/50 between SaaS and pay-as-you-go
“Right now it's 50, 50 split, but the returns per image are a little bit different than either camp.”
Newell: Snapwire has licensed 9,000 photos from 7,000 photographers
“There have been 9000 photos moved through the system through about 7000 photographers.”
Chad Newell: Snapwire has never done a priced round
“In Snapwire's world, we raised venture debt, so convertible notes. We have never done a price round.”