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Sam Eitzen

Co-Founder and CEO, Snapbar · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderexecutive

Sam Eitzen is the co-founder and CEO of Snapbar. He bootstrapped the company from a physical photo booth business before navigating pivots into new offerings.

15statements → 13claims → 2claims resolved → 3.73/5average certainty → 1/5average debate potential →

1 supported 1 partly supported 0 contradicted 11 not checkable as stated how the 13 claims stand · each chip opens the sources

13 assertions · 2 disclosures · every statement was checked. The predictions and assertions are the 13 claims: statements the public record can support or contradict. 2 are resolved, and 11 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Sam argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
SnapBar secured a $217k PPP loan during COVID crisis
“A 217,000.”
Sam Eitzen Aug 16, 2020 ▶ 13:22 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
100% certainty 4
50% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Sam Eitzen on measured tape to publish a rate. This says nothing about how they speak.

Everything Sam Eitzen said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Assertion Not checkable as stated
Eitzen: SnapBar Gift Box Pivot Did $500K in First Three Months
“It was about eight days from concept to when we launched the first website. And then we basically took pre-orders for two weeks to buy us extra time as we sourced small vendors from our first box, which was Seattle. And we sold in the first three months, we di…”
Sam Eitzen Aug 16, 2020 ▶ 9:33 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: SnapBar Generated About $3M in Revenue in 2019
“Yeah, about three million in 2019 on track to do four to five, 20 20.”
Sam Eitzen Aug 16, 2020 ▶ 2:42 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: SnapBar lost 3 to 6 months of revenue overnight
“I think we lost about three to six months of earned or like potentially earned income overnight and sales since then have continued to be just absolutely dead.”
Sam Eitzen Aug 16, 2020 ▶ 4:13 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: Microsoft and Google bought hundreds of gift boxes in bulk
“What we were surprised by when we pushed to e-commerce was that, again, it was these brands, big companies like Microsoft, Google, that would purchase 203 108 hundred boxes in one go. Brand the boxes and send them to all their, you know, people on various depa…”
Sam Eitzen Aug 16, 2020 ▶ 5:00 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: SnapBar Gift Boxes Have 40% Gross and ~5% Net Margins
“So our product margin, gross product margin is about 40%. Net business margins maybe five because we're very new at this, and I'm sure we're relatively inefficient in some ways, whereas when we were running a photo booth company, our product margins were 300%,…”
Sam Eitzen Aug 16, 2020 ▶ 10:19 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
SnapBar held about $700,000 in cash reserves in February 2020
“About 700,000 dollars.”
Sam Eitzen Aug 16, 2020 ▶ 10:52 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
SnapBar ran at 33% to 40% net profit margins before COVID
“Net business, I think we were at basically 33% to 40% net business.”
Sam Eitzen Aug 16, 2020 ▶ 11:17 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
SnapBar refunded $50k to $70k as COVID cancellations hit
“We refunded maybe 50 to 70,000.”
Sam Eitzen Aug 16, 2020 ▶ 12:22 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Supported
SnapBar secured a $217k PPP loan during COVID crisis
“A 217,000.”
Sam Eitzen Aug 16, 2020 ▶ 13:22 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
SnapBar's virtual photo booth software generated $140,000 in six weeks
“Is, has been pretty incredible in the past month and a half since we launched it has generated about a 140 K. And the profit margins are much higher on that side again.”
Sam Eitzen Aug 16, 2020 ▶ 15:24 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Partly supported
Eitzen: TED, Salesforce, and St. Jude's Use SnapBar's Virtual Booth
“Ted used us for their, as they pivoted to a virtual you know, Salesforce is a big client doing events around the world for their teams. We did a really huge event for St. Jude's prom, a virtual prom that they did a few months ago.”
Sam Eitzen Aug 16, 2020 ▶ 17:42 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: A Single Developer Built SnapBar's Virtual Booth in Four Months
“Right now we have one developer. One guy on our team has built all of this in the past four months.”
Sam Eitzen Aug 16, 2020 ▶ 19:05 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Assertion Not checkable as stated
Eitzen: 85% of SnapBar's Revenue Came From Corporate Events
“Our events were primarily about 85% of our revenue was corporate. 15% was private events like social events, weddings, et cetera.”
Sam Eitzen Aug 16, 2020 ▶ 2:54 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Disclosure
Eitzen: SnapBar is completely bootstrapped
“We're bootstrapped.”
Sam Eitzen Aug 16, 2020 ▶ 3:43 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?
Disclosure
Eitzen: SnapBar Virtual Booth Charges One-Time Fee Rather Than SaaS
“So right now, it's one time. It's not a piece of SaaS yet, so yeah, we”
Sam Eitzen Aug 16, 2020 ▶ 18:49 SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Appearances (1)

EpisodeDateSpeaking time
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, Ho Aug 16, 2020 11m
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