What Happened to TILT?

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Tilt, a fundraising platform, akin to KickStarter, IndieGogo or GoFundME, was an online crowd-funding site aimed at helping users raise the funds they needed from a group or community for whatever projects they outlined. The company would only tilt, meaning collect and distribute the funds from users, if the targeted money was fully raised. It ended up tilting in other senses a bit too much, if you ask me.

Try to look up “tilt.com” today and you will find… well...nothing. The company, once valued at $400 million, is gone and shut down; and in this video we will cover exactly what happened that made this startup go under.

Founded back in 2012 under the original name of Crowdtilt, the company launched as part of Y Combinator, an American seed accelerator. James Beshara, the company’s CEO, had developed a crowdfunding platform in South Africa that he had named Dvelo.org. He brought Khaled Hussein as co-founder to re-brand Dvelo as a platform for peer-to-peer payments.
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Sources:
https://techcrunch.com/2015/05/20/tilts-global-ambitions-grow-as-it-seeks-to-raise-at-a-400m-valuation/
https://www.ycdb.co/company/tilt
https://money.cnn.com/interactive/technology/15-questions-with-tilt/index.html
https://hired.com/company/tilt
https://www.cnbc.com/id/100486410
https://www.crunchbase.com/organization/crowdtilt
https://www.bizjournals.com/sanjose/news/2013/12/16/group-funding-startup-crowdtilt.html
https://www.dccu.us/blog/what-happened-to-tilt-com/
https://www.youtube.com/watch?v=ev8mftTScZo
https://www.forbes.com/sites/jjcolao/2013/04/18/crowdtilt-raises-12-million-from-andreesen-horowitz-and-sean-parker-for-real-this-time/#117315bba01d
https://www.bizjournals.com/sanjose/news/2013/04/26/crowdtilt-helps-replace-boat-shot-up.html
https://techcrunch.com/2012/02/10/y-combinator-backed-crowdtilt-launches-to-become-the-kickstarter-for-any-group/
https://www.sfgate.com/business/article/Crowdtilt-raises-cash-in-new-ways-3564622.php#photo-2947134
http://ideas.time.com/2013/12/06/these-are-the-30-people-under-30-changing-the-world/slide/james-beshara-and-khaled-hussein/
https://www.glassdoor.co.in/Reviews/Employee-Review-Tilt-com-RVW10106464.htm
https://techcrunch.com/2017/02/22/airbnb-finalizes-deal-to-buy-social-payments-startups-tilt/
https://thinkmarketingmagazine.com/airbnb-just-acquired-tilt-com-co-founded-egyptian-entrepreneur-khaled-hussein/
https://www.sfgate.com/business/article/Crowdtilt-raises-cash-in-new-ways-3564622.php
https://www.fastcompany.com/3069164/how-tilt-veered-off-course
https://collapsed.co/startups/tilt
https://www.dccu.us/blog/what-happened-to-tilt-com/
https://www.linkedin.com/in/jjbeshara/
https://www.linkedin.com/in/dsogkhaled

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