Professional Documents
Culture Documents
Copy of Albert Yuan - Draft Statement of Purpose 1
Copy of Albert Yuan - Draft Statement of Purpose 1
I am writing here seeking $50,000 in exchange for 50% equity of my business. The
following statement details what my product is, and why funding is required for the business to
progress forward.
Americans love snacking and I’m sure when I say snacks, most would think of favorites
like Cheetos, Doritos, or Lay’s potato chips. Over a billion of these snacks are sold and eaten by
kids, adults, and the elderly alike. But although there’s a large range of ages who eat these
snacks, they all share a similarity: they eat with their hands. As convenient and traditional as it is,
the CDC and Department of Health have shown that such practices have very severe
consequences. Dirty hands increases risks of diarrhea, respiratory illnesses by at least 20%. On
top of that, with more people in the world, the ability for bacteria and other pathogens to spread
can only increase. To remedy unsanitary snacking, I present SnackClips. SnackClips allow
consumers to eat snacks while reducing the risk for disease. Snackclips are made with stainless
steel and a self-cleaning finish inspired by lotus leaves that allows for easy cleaning. It also has
an added function of closing the bag of the snack. Sealing the bag helps keep the snacks crisp
With your funding, I hope to expand manufacturing facilities and also do more
marketing. At the moment, manufacturing steel is difficult without large machinery and a
spacious facility. Marketing is also not very developed as we’ve only been able to market
SnackClips by word-of-mouth. Currently, the only method of selling is through online shopping
through our website so if possible, getting into brick and mortar stores of any size and magnitude
would be a goal.
SnackClips will revolutionize snacking. Never has there been one product that allows
consumers to eat in a sanitary way and then seal snack bags. So who will join me and seal the
deal?