TipTop App: The Fastest Way to Turn Unused Tech Into Cash
Founded by Postmates creator Bastian Lehmann, TipTop is revolutionizing how consumers sell their gently-used electronics. The innovative platform offers instant cash payments and hassle-free pickups for items like smartphones, tablets, laptops, and gaming systems.
From Cluttered Garages to Smart Selling
Lehmann conceived TipTop while confronting his own overstuffed garage. Recognizing the predictable depreciation of consumer electronics, his team spent 18 months analyzing 50,000 products to perfect their valuation algorithms.
“We’ve mastered predicting item values at 6, 12, 18, and 24-month intervals,” Lehmann explains. “There’s always two values - what sellers will accept and what buyers will pay.”
How TipTop Cash Works
The process couldn’t be simpler:
- Connect Accounts: Link your Gmail or Amazon through the iOS app
- Instant Offers: TipTop scans digital receipts and makes cash offers
- Easy Shipping: Drop items at UPS or schedule Uber courier pickup (powered by Postmates’ API)
“It’s reverse Postmates,” Lehmann describes. “Instead of bringing goods in, we’re helping get unused items out.”
Why Consumers Love It
Compared to traditional marketplaces, TipTop offers:
- Instant payments without negotiation
- No safety concerns from meeting strangers
- Professional valuations based on real data
Since September, users have cataloged $50 million in receipt value. Upcoming features include:
- Price-drop notifications
- Camera-based item scanning
- Paper receipt processing
The Future: TipTop Pay
The company plans to launch a companion service called TipTop Pay, enabling consumers to:
- Purchase items with monthly payments
- Pay only for depreciated value
- Seamlessly upgrade devices
“Imagine an iPhone Upgrade Program for everything you own,” Lehmann suggests.
Backed by Tech’s Best
With $23M in Series A funding, TipTop’s investors include:
- Andreessen Horowitz (Marc Andreessen on board)
- OpenAI CEO Sam Altman
- AngelList’s Naval Ravikant
- Pinterest/Coinbase board member Gokul Rajaram
The 16-person San Francisco team includes Postmates veterans Mustafa Rahman and Gregory Carlson, bringing deep expertise in logistics and marketplace dynamics.
For consumers drowning in unused tech, TipTop offers the perfect solution: fast cash with minimal effort.
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