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Tilt is shutting down

blog.tilt.com

51–53 of 53 posts

Re: Tilt is shutting down

#51
post #50
post #49

Earlier quoted context omitted.

> Nothing in this statement says they are going to do something illegal. There is no "…or we'll keep it". That line isn't in there. Your mind had to fabricate it. The statement itself violates the law. It is setting up a deadline for customers to withdraw their funds which is completely illegal in all Europe.

They are setting a deadline for withdrawal "through the platform" (which they presumably will shut down then), not explicitly for withdrawals at all. (I mean, it's possible that they are that dumb, but it seems highly unlikely and legally very clear cut)

> They are setting a deadline for withdrawal "through the platform" (which they presumably will shut down then), not explicitly for withdrawals at all.

it doesn't matter, the nature itself of the statement is illegal in Europe at least.

Re: Tilt is shutting down

#53
post #19

I was a huge fan of Tilt and used them for multiple campaigns (mostly social fundraising things, like if a bunch of my friends were going camping we'd dump the bar tab on there, and it was fantastic for burning man camp fundraising). I have to say I'm super disappointed in Airbnb buying and then destroying this company, especially with the shockingly small amount of notice. Between their new logo, their ill conceived…

Well, it's pretty clear that AirBnB has become too large to support anything like burning man fundraising.

Our company WeTravel has seen quite an uptick since tilt shut down, particularly from burning man camps and private people. Tilt was always a formidable but impossible competitor. It's hard to compete with 'totally free', especially given that they had a war chest of $60M in VC funding. However, it apparently wasn't enough.

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