ChangeTip Struggles to Sell Assets After Airbnb Acqui-Hire
Bitcoin micropayments startup ChangeTip is reportedly struggling to find a buyer after its engineering team was purchased by travel startup Airbnb in April. According to emails provided to CoinDesk, ChangeTip has so far sought to sell its remaining assets to more than 60 companies, all of whom have passed on the deal. The company’s engineering team was purchased by Airbnb for $1.25m, sources said. Notably, sources indicate that ChangeTip had recently been close to acquisition, but that this deal fell through for undisclosed reasons. A company executive wrote to investors: "I’ve been....
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Months after its core development team was acqui-hired by accommodations startup Airbnb, bitcoin tipping service ChangeTip is closing its doors. Nick Sullivan took to Reddit today to announce the closure. He said that the tipping service will be officially turned off at the end of November, though its website will remain open “for a number of months” in order to allow for user withdrawals. The closure comes less than two years after the startup, once a popular tool for sending bitcoin tips via social media, raised $3.5m in a seed funding round. ChangeTip sought to bring bitcoin tipping to....
A number of employees from the company behind bitcoin tipping service ChangeTip have been hired by travel startup AirBnB, the company confirmed today. AirBnb has hired an undisclosed number of the employees of ChangeCoin, which operates the social media tipping service. Among those hired by AirBnB is CEO and co-founder Nick Sullivan, sources say. Left unacquired is the ChangeTip codebase as well as the developers working specifically on bitcoin projects, though those invested in the firm expressed optimism that the project would continue under a new leadership. The deal, first reported by....
Popular Bitcoin tipping platform ChangeTip has announced the service is shutting down operations. The company has been deliberating ways to continue the service, but unfortunately, in the end, it said the only option was to shut down. ChangeTip Will Shut Down Operations. Founded in December of 2014 by Nick Sullivan, the company ChangeCoin created its....
Travel giant AirBnB has indicated it does not have any plans to incorporate bitcoin into its payment offerings following the acquisition of an unknown number of employees at social tipping startup ChangeCoin. AirBnB said the employees will be working on the company’s engineering team, with a focus on infrastructure, though it offered no further details. The statements come in the wake of speculation that the purchase is perhaps an indication of the startup's interest in blockchain technology. However, AirBnB confirmed it did not acquire assets or intellectual property owned by the startup.....
Home-rental and accommodations giant Airbnb has “acqui-hired” a number of engineers from the development team at ChangeCoin, the startup behind popular bitcoin micropayments service ChangeTip. An undisclosed number of employees at ChangeCoin, the company behind bitcoin tipping service ChangeTip, have been hired by home-rental startup Airbnb. The deal was first reported by Quartz, who cite four sources close to the deal who revealed that the accommodations provider, now worth $16 billion, has been studying bitcoin and blockchain startups for a while now. It has been rumored that Airbnb has....