Group fund anything
Have you ever been the person to collect money for the office birthday party, your sister’s baby shower, or even fundraised for a local charity or perhaps event? Then you know the pain of spreadsheets and people not chipping in enough or at all, and you know the time involved in pooling money.
Crowdtilt is a money pooling website that only requires the organizer to spend a few minutes setting up a fund (uploading a picture, title, description, contribution amounts), publishing and sharing over email or social networks. If you are in charge of gathering funds for a new set of golf clubs for your boss on boss’ day, set up a Crowdtilt page and email around to everyone – people who contribute are then listed on the page which can be public or private, and your time commitment is dramatically reduced which is great news for non-profits.
Like KickStarter, a campaign is not funded until it has “tilted,” or if the pre-determined amount has been reached. If the full funds are not raised, the money is never charged to anyone’s credit cards. Campaigns last a total of seven days before it expires, so campaigns are not infinite, rather are used for a short period of time for very specific pooling purposes.
No tech savviness required
The company says there are no hidden fees and no charges, the process is completely free. Perhaps this will change in the future, or it will be ad supported, but for now, the young community is completely free, frictionless, and so simple that there is no tech savviness required to set up a campaign or to contribute to a campaign, which will be tremendously helpful in adoption.
It is apparent that most of the “non-tilted” (non-funded) projects are very broad, appeals to strangers, and lacks information, compared to fully funded projects which are rich with description, have targeted titles that are retweetable, and appeal to very specific people or groups of people, rather than hoping some generic stranger on the web will buy a college girl a new laptop.