“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.
Updated :
What is Snap Social?
The snap social had been introduced to the shark tank as the latest tool that could fill the gap between the eCommerce and installed purchases. It is a display that can be used for retail stores. According to the creator of the display, 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, emails can be sent by the retailer at the booth. The product’s highlights will be depicted, and the positives will be characterized by the app. 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. The entrepreneur is specialized in several things. When it comes to his most skilled field, that would be software. He stated that Marketing and software development is among his earliest years.
What Hugh was thinking was a way to deliver a product along with an impression. When the customer gets an idea about the after-purchasing expression, he or she will purchase. Snap Social was the appropriate step he put in January 2017.
It was not a successful step, and then the founder moved to his other plans. At present, he is working at NEXVIA as Chief Commercial Officer. Although the youngster has not succeeded in every step he takes, he has lots of time.
What Happened At The Shark Tank
There are situations where a company fails, even if they come up with something new for Shark Tank.
When it comes to snap social, they were rejected by the public even after they came up with a great idea and could win an offer from Shark tank. Since 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 the 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 at present, and it can do many things. Facebook stories, Instagram stories, sharing, viral, and there are lots of things about social media. 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 made his appearance in Shark Tank, he had lots of things in his hand. Along with the accepted offer, he had opened lots of opportunities. Unexpected things happen in life. 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 had 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. When it comes to local competitors, Craigslist, Nextdoor, VarageSale, and Offerup are a few of the local brands that have become the number one locally.