Fundable comes to an ugly end

Re:Fundable comes to an ugly end by patio11 on Thursday October 01, 2009 @11:12PM (#856356)

I am having a total mental block trying to recall the name of the "Donate people money through Twitter" service that was on HN a few times, but I think this is what he meant when he said "Do not take payments lightly."

[Edited to add: Tipjoy. I knew it was T-something but I ran through about 15 combinations of Twit-X before realizing that it was not from that naming convention.]

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Re:Fundable comes to an ugly end by tptacek on Thursday October 01, 2009 @11:20PM (#856367)

They were a YC company, weren't they? Ivan and Abby?

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Re:Fundable comes to an ugly end by sachinag on Thursday October 01, 2009 @11:34PM (#856385)

They were. Ivan's now at Facebook, where everyone assumes he's working on Facebook Payments. Abby's probably doing something even cooler, although IDK.

BTW, Tipjoy never held the money; they were just a front-end for PayPal, so they didn't have the issues that Fundable apparently is having.

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Re:Fundable comes to an ugly end by patio11 on Friday October 02, 2009 @12:22AM (#856430)

Tipjoy never held the money

That does not match with my understanding of their business model.

http://tipjoy.com/faq

Look for their instructions on, e.g., cashing out.

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Re:Fundable comes to an ugly end by sachinag on Friday October 02, 2009 @02:25AM (#856545)

I guess I only read it early on and didn't see the change. Building a totally new payment system is actually rather impressive.

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