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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They were a YC company, weren't they? Ivan and Abby?
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.
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.
I guess I only read it early on and didn't see the change. Building a totally new payment system is actually rather impressive.