SnapStrat

SnapStrat

The value of strategic consulting sustainably delivered through software.

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
Oakland, CA
Offering Date
April 20, 2020
Expected Close Date
June 19, 2020
Target Raise
$300.00K-$2.50M
Deal Notes

Round type: Bridge Round size: US $2,500,000 Minimum investment: US $1,000 Target Minimum: US $300,000 Raised to date: US $51,000 US $26,000 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 5.0% Note term: 24 months

Company Description

The value of strategic consulting sustainably delivered through software.SnapStrat empowers organizations to dramatically improve outcomes through smarter use of their data, better collaboration, and more nimble decision making. We are aiming to disrupt the old consulting model with a maintainable, responsive, agile app that gets better as the customer uses it."I have spent much of my career in strategy consulting helping some of the world’s top companies make better decisions. I started SnapStrat based on the belief that data science, coupled with the power of machine learning, could help decision makers improve outcomes and create massive value."– Jonathan Stern, CEO, FounderThis concept has resonated with change-minded executives. With major implementations at Sephora (Beauty retailer: prescriptively managing $250M of marketing resource allocation, 2+ years on the platform) and Frontier Communications (Telecom: predicting and optimizing subscription optimization for >4MM cable and broadband customers), the SnapStrat team has built a platform that fits the market need and is refining the customer implementation model. While our focus early on has largely been on the needs of the CMO, the solution can scale horizontally across many functions in most industries.SnapStrat's customers get a customized application built on the core platform. The flexible meta-data handling and low-code configuration system enables quick deployment and time-to-value, but still maps against each organizations' unique workflow and data. The ongoing SaaS subscription -- $200-300K/year depending on data/decision complexity -- includes algorithm and model review to ensure the solution adds sustained and improving value quarter after quarter.

Key Deal Facts

Notable customers include Sephora, Frontier Communications, and Embraer, representing over $375k in expected revenue in 2020 (unaudited)
Experienced management team with decades of technology and consulting experience, including leading Bain’s West Coast IT strategy practice
Selected for SF Bay Area incubator The Batchery - Batch 10, March 2020
Notable investors include Shasta Ventures
Modernizing an estimated $295 billion management consulting market

Management Team / Advisory Board Bios

Jonathan Stern
CEO
After 25+ years spent consulting at the intersection of technology and strategy, Jonathan understood the relationship between the two was more than theoretical; it had unlimited potential. He launched SnapStrat to tap that potential and help today’s decision-makers transform tomorrow.

Francis Upton IV
CTO
Francis brings 30 years of software development, architecture, and management experience to building a long-term, robust data and analytic future to SnapStrat’s products. After selling his last effort to ETL giant, Talend, and then founding their architecture group, he has the technology vision to match SnapStrat’s aspirations.

Alan Becker
Chief Product Officer
Alan has spent the last several years helping startups make their technology relevant to their customers. A former Supply Chain strategist at Apple, he brings to SnapStrat a clear understanding of the ways effective decision-making can transform a business.

Deal Notes

Round type: Bridge Round size: US $2,500,000 Minimum investment: US $1,000 Target Minimum: US $300,000 Raised to date: US $51,000 US $26,000 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 5.0% Note term: 24 months

Amount Raised : $131,900
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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