// startup autopsy
Tilt
A social payment platform that enabled groups and communities to crowdfund events and settle payments with friends.
marketfitacquisition_distress
Key Events Timeline
FOUNDING
Tilt founded as a social payment platform for crowdfunding events and group payments.
PEAK VALUATION
Tilt reaches $375 million valuation with strong investor support and CEO praised as next Zuckerberg.
DECLINE
Tilt begins losing value rapidly as lack of business focus becomes apparent, burning through capital on lifestyle spending.
ACQUISITION
Airbnb acquires Tilt for $12 million in a fire sale, representing a 96.8% loss from peak valuation.