A: I was working for Gannett in Web and mobile strategy and got enamored of mobile coupons. I got a coupon I took a picture of on my iPhone. The first place I tried it was Babies R Us. When I got to checkout, I said, "I don't have my coupon, but I took a picture of it. Can you scan it?" Once I redeemed one and somebody asked me, "What's that app? I want that app." I said to myself: What if there was an app, and what would it do?
Q: And then you got serious?
A: I mocked up the app, found a couple of mobile developers and applied to DreamIt Ventures [for early seed funding]. I got accepted and quit my job at Gannett. We built the app and it took off like a rocket. We got featured on the front of the app store. Now we've got 400,000 users, about half of whom launch the app every week.
Q: Tell me about the name.
A: Snip the coupon, snap the picture. It's that simple.
Q: What does the app allow you to do?
A: It's like a virtual coupon wallet. We give you a clean digital version of the bar code, expiration date and promo code that can be scanned or keyed in at checkout. We've added a new feature that allows users to share coupons with friends on Facebook and Twitter.
Q: So can I use SnipSnap with manufacturer coupons that come on the backs of receipts at grocery stores?
A: Those coupons typically require the physical paper to redeem. We're working on a method that will let you redeem them paperlessly, but it's not live yet.
Q: How does the biz model work?
A: We make money by giving retailers the tools to target you with offers, acquire new customers and take existing customers and convert them better. We charge either a $1 flat fee every time a coupon is presented or roughly 5 percent of the transaction when a customer converts a coupon into a purchase. Our app is very effective at converting people in-store, getting you to make a purchase.
Q: What's next for SnipSnap?
A: We're going to be releasing Android in the next couple of weeks, which should double the user base.
Q: Who are your primary users?
A: Women, age 20 to 40, moms. They're the people who use coupons the most. About 75 percent of our users are women. That said, guys I know who never couponed now use our app because it's so easy.
On Twitter: @MHinkelman