Snap Wireby Chad Newellen
Snap Wire is a marketplace platform that disrupts traditional stock photography by allowing photographers to submit images directly to branded photo challenges/requests rather than relying on keyword searches. Founded by Chad Newellen in July 2014, the platform takes a 30% commission on direct sales (photographers keep 70%) and 50% on library sales through partners like Getty Images and Corbis. By July 2014, the company was selling approximately 600 photos per month at an average price of $800 per image, generating roughly $40k in monthly revenue.
Marketplacepartnershipstransactionvia Nathan Latka Podcast