BookSniffer

Reading is good :)

Analytics

Raised to Date: $131,730

Aggregate Commitments $
Platform

StartEngine

Start Date

01/20/2021

Close Date

07/19/2021

Min. Goal

$10,000

Max. Goal

$250,000

Min. Investment

$250

Security Type

Equity - Common

Funding Type

RegCF

Series

Series B

Pre-Money Valuation

$18,418,015

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

88

% of Min. Goal

1,317%

% of Max. Goal

53%

Likelihood of Max
likely
Avg. Daily Raise

$1,448

# of Investors

243

Momentum
cool
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Location

Fort Worth, Texas

Industry

Media, Entertainment & Publishing

Tech Sector

AdTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

BookSniffer, with a pre-money valuation of $18.4 million, is raising funds on StartEngine. The online platform helps independent authors to market and sell their books to readers. It connects readers and authors at an affordable price, allows authors to advertise and expand their fanbase, and helps readers discover new writers every day. Eric Knight and Sean Hansen founded BookSniffer in November 2019. The proceeds of the current crowdfunding round, with a minimum target of $9,999.72 and a maximum target of $249,999.84, will be used for growth and expansion. BookSniffer has over 1,600 authors on board and is already generating revenue. It is disrupting the book shopping experience and making it more convenient and affordable.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,139,656

$-127,629

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$38,698

$128,368

Accounts Receivable

$0

$0

Total Assets

$2,895,938

$3,454,715

Short-Term Debt

$226,870

$37,859

Long-Term Debt

$691,288

$762,474

Total Liabilities

$918,158

$800,333

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