“Snap Social” got featured on Shark Tank Australia in 2018 July It was founded by Hugh Campbell.
Snap Social net worth in 2022
Here is an update on Snap Social’s net worth so far.
|Snap Social’s Net worth before appearing on Shark Tank||100,000 USD(Business Valuation)|
|Snap Social’s Net worth [year between appearing and now]||Out Of Business|
|Snap Social’s Current Net worth (2022)||Out Of Business|
Snap Social’s founder Hugh Campbell‘s net worth is unknown.
What is Snap Social?
The snap social had been introduced to the shark tank as the latest tool that could fill the gap between eCommerce and installed purchases. It is a display that can be used for retail stores.
According to the display’s creator, the display is expected to be set up in a retail shop. Customers may take pictures and then forward them to their friends immediately to add to their social media accounts.
Along with that picture, the retailer can send emails at the booth. The product’s highlights will be depicted, and the app will characterize the positives. That is how the display has been designed to work.
Who is the founder?
Hugh Campbell is the founder of Snap Social display. He is from Brisbane, Queensland, Australia. When it comes to his most skilled field, that would be software.
Snap Social was the appropriate step he put in January 2017. At present, he is working at NEXVIA as Chief Commercial Officer.
What Happened At The Shark Tank
Snap Social was a whole new thing, the creator, Hugh Campbell, was hopeful about being in Shark Tank. What he had offered was a deal of $100,000 for 20% shares of the company. The offer is $500,000 from the sponsor, and the sponsor gets a real bargain when Snap Social goes viral.
Sharks started to question social Media’s influence on the creator’s thinking. Hugh said that Social Media is the most significant thing currently and can do many things.
Hugh found a deal, and you know what happened next, closing the Snap Social project. But, it is better to have a look at things deeply.
Snap Social Shark Tank Update
When Hugh appeared in Shark Tank, he had many things in his hand. Along with the accepted offer, he had opened lots of opportunities. But, when coming to Hugh’s deal, it was something not even sharks thought.
Also read: What happened to the marketplace app “Qpay ” after the shark tank.
What happened to Snap Social After the Shark Tank
Sharks provided the necessary funding along with the closed deal. What Hugh wanted to do was to find more opportunities in the real world. Although he went to businesses for offers, it was revealed that the companies had already set up their platforms to sell their products.
The conclusion he got from experience was the funding was a bit outdated. When analyzing social media and other resources, it was clear that the implementation of Snap Social was costly. It was costlier and looked more complicated than Hugh had implied at Shark Tank.
The company was shut down in 2020, and Hugh is doing another job. All the funding had washed away for nothing. But now, Hugh’s LinkedIn profile has a link to his episode on Shark Tank. Maybe he will start new. But, it has to be innovative.
Competitors Off Snap Social
Competition is a more critical aspect of a platform like Snap Social. The entire social media platforms such as Facebook, Instagram, and Tik Tok are the competitors for Snap Social.