Sniffy Labs

Sniffy Labs

App that makes professional dog training accessible and easy

Print
Security Type
SAFE
Categories
Other
Min Investment
$20
Offering Date
April 25, 2020
Expected Close Date
July 24, 2020
Target Raise
$20.00K-$50.00K

Company Description

We create online dog training experience for dog owners and make it professional and smooth for them to manage every aspect of the training. Customers learn how to train a dog through tailored in-app training plans with in-depth video tutorials, daily practice, and access to professional advice through certified canine trainers.

Perks

$250+ 50% off for three month Sniffy App membership
$500+ Previous Perk + 50% off for six month Sniffy App membership
$1,000+ Previous Perks + 50% off for one year Sniffy App membership
$5,000+ Previous Perks + Name added to the investor appreciation list on our website + Exclusive "Sniffy Investor" T-shirt
$10,000+ Previous Perks + Name added to the investor appreciation list as "Lead Investor" on our website + 30 minute video call consultation with our dog trainer

Key Deal Facts

First mover advantage focused on innovating the traditional dog training market
US total addressable market is $1B a year, and growing at 10% a year; has the global reach market potential- any companion dog, any language
Launched closed beta in December 2019 with 50 dog owners; quickly got 39 testers converted to customers at a 78% conversion rate
Partnering with two breeders and two shelters that are promoting us to dog owners
Built product with $0 outside fund, technical founders develop and iterate the product quickly
Field experts onboard to create professional dog training content
Solid customer discovery by talking to over 400 dog owners and trainers to find the product-market fit
Advocate animal welfare and against animal cruelty; proper dog training could help mitigate behavioral issues and decrease abandonment rate

Use of Proceeds

If $20,000 is raised:

40% Marketing (FB ads, SEO, channel partner marketing, email marketing tools);  50% Research & Development (Back-end development, front-end development, user-interface design, server cost, dog trainer compensation, training video creation)  5% Legal and Misc. costs 5% Wefunder Intermediary Fee

If $50,000 is raised:

40% Marketing (FB ads, SEO, channel partner marketing, email marketing tools);  50% Research & Development (Back-end development, front-end development, user-interface design, server cost, dog trainer compensation, training video creation)  5% Legal and Misc. costs 5% Wefunder Intermediary Fee

Management Team / Advisory Board Bios

Howard Shyng
Co-Founder & President
Co-Founded Sniffy Labs Inc. in Sep 2019; NY State Business Model Competition Semi-finalist; M.S. in Human-Computer Interaction; Saved the life of a disabled cat, ZaiZai; Front-End developer.

Ting Zhu
Co-Founder & Vice President
B.E. in Software Engineering and M.S. in Human-Computer Interaction; Proud mama of a 3 years old border collie, Chubby; Recipient of National Scholarship of China; Product designer.

Allen Cheng
Front-End Developer
CS based Android developer who has great passion on building handy products to facilitate people's life; 4 year full-time working experience as Senior Android Developer; Expertise goes to build, maintain and improve Android mobile application.
Amount Raised : $20,118
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments