James Beshara, CEO of Tilt, predicts that pre-purchasing items prior to production will evolve from a novel approach to the dominant commerce standard.
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Beshara: Tilt is the fastest growing app on US college campuses
“We're the fastest growing app on college campuses in the US.”
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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…”
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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.”
Disclosure
ESPN rejected Tilt's pitch for a Magic Johnson-led LeBron dunk campaign
“We mocked something up overnight, and sent it to Ryan. I was like, we need to do this to where Magic Johnson is hosting a crowdfunding campaign, branded ESPN for LeBron, to the, to do the dunk contest. I thought it was, ah, slam dunk. Actually, that was no pun…”