Tilt
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Tilt (originally Crowdtilt) was a San Francisco group-payments and crowdfunding startup founded in 2012 by James Beshara and Khaled Hussein out of Y Combinator. Its platform let friends and communities collect money online for anything from parties and gifts to trips and charitable causes, releasing campaign funds only when a campaign hit its self-set goal. In 2017 Airbnb bought the company in an acqui-hire and retired the Tilt platform.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
James Beshara and Khaled Hussein launch Crowdtilt out of Y Combinator's Winter 2012 batch, a group-funding platform for collecting money from friends and communities.
- Funding milestones
The company raises a $2.1 million first round in May 2012, a $12 million Series A led by Andreessen Horowitz in April 2013, and a $23 million Series B in December 2013.
- Rebrand and free collections
Crowdtilt rebrands as Tilt in July 2014 and a month later drops collection fees for organizers, keeping only a standard credit-card processing fee.
- Acquisition and shutdown
Airbnb acquires Tilt in an acqui-hire for a reported $12 million in cash; the Tilt platform is retired in June 2017 and the team joins Airbnb's group-travel efforts.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.