James Beshara, CEO of Tilt, shares feedback from ESPN's CTO regarding the user adoption rate of Tilt's payment collection feature within ESPN Fantasy Football.
Prediction Not checkable as stated
Beshara: Pre-commerce will become the dominant retail model within seven years
“This pre-commerce, this notion of buying something before it exists is, I mean, it's radically different right now, but you fast forward five years, six years, seven years, and it will just be the best way to sell something.”
Assertion Not checkable as stated
Beshara: Tilt is the fastest growing app on US college campuses
“We're the fastest growing app on college campuses in the US.”
Assertion Not checkable as stated
Beshara: Tesla used customer pre-orders to secure $2 billion in debt
“Yes. You could sell today directly to your customers, get the demand before you put an ounce of production to work and use that to Tesla since use that, I believe for debt financing of two billion dollars. So be able to use that to verify the demand and securi…”
Assertion Not checkable as stated
Beshara: Crowdfunding campaigns reach an unstoppable tipping point at 34% funded
“If you can get to about 34,000, it kind of takes on a life of its own. When you get to about five people and about 33, 34%, that community is committed. They obviously pulled out their wallets. They want this thing to exist. And now they become advocacy to get…”
Opinion
Beshara: Banks cannot compete on UX, fintechs cannot match bank security
“Banks that have tried to get into, kind of, the UI, UX, I don't think they'll be able to compete with 50 really dedicated designers, developers that are just focusing on the user experience the user interface, and those 50 people will not be able to compete wi…”
Prediction Not checkable as stated
Beshara: Merchant savings from lower payment fees will reach consumers
“Well, if it goes to the merchant, then it will go to the consumer. And it might not be a complete hundred percent pass through, but I'd say that the transfer of wealth will make it its way to the consumer. It just always does.”