Disclosure certainty 4/5 debate potential 2/5

Beshara: Deferring shipping details in pre-orders significantly increases mobile checkout conversion

James Beshara · a16z Podcast | Welcome to the New Era of Commerce · Jan 2, 2019 · at 24:46

James Beshara, CEO of crowdfunding platform Tilt, discloses platform observations regarding checkout conversion mechanics for long-horizon product pre-orders.

0:00 / 0:17exact quote · 17.0s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“What is really interesting, what we've seen is actually heightens conversion from the conventional points of just, you're only taking in the credit card. You ask for shipping later. It's super just you, it's basically six fields instead of 18 to convert on a mobile device.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from James Beshara

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.”
James Beshara Jan 2, 2019 ▶ 26:38 a16z Podcast | Welcome to the New Era of Commerce
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.”
James Beshara Jan 2, 2019 ▶ 6:47 a16z Podcast | The Future of Money and Monetization
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…”
James Beshara Jan 2, 2019 ▶ 4:05 a16z Podcast | Welcome to the New Era of Commerce
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…”
James Beshara Jan 2, 2019 ▶ 18:21 a16z Podcast | Welcome to the New Era of Commerce
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…”
James Beshara Jan 2, 2019 ▶ 11:33 a16z Podcast | The Future of Money and Monetization
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.”
James Beshara Jan 2, 2019 ▶ 13:29 a16z Podcast | The Future of Money and Monetization
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 1,000 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.