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Bill Clerico

Founder & Managing Partner, Convective Capital · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderinvestorexecutive@billclerico ↗LinkedIn ↗billclerico.com ↗

Bill Clerico co-founded and served as CEO of payment platform WePay, leading the company through its 2017 acquisition by JPMorgan Chase. He now leads Convective Capital, an early-stage venture capital firm investing in physical resilience and wildfire mitigation technologies.

7statements → 2claims → 2claims resolved → 3.86/5average certainty → 1.57/5average debate potential → ≈4.5/5argument clarity, estimated → 2said about them ↓

2 supported 0 partly supported 0 contradicted how the 2 claims stand · each chip opens the sources

2 assertions · 1 opinion · 3 insights · 1 disclosure · every statement was checked. The predictions and assertions are the 2 claims: statements the public record can support or contradict. 2 are resolved. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Bill argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Clerico: Card issuers take vast majority of 3% payment fees
“Actually, we make kind of a tiny fraction of that. The vast majority goes to your credit card company that issues your card as kind of sanctioned by Visa and MasterCard.”
Bill Clerico Apr 28, 2018 ▶ 3:46 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Bill Clerico on measured tape to publish a rate. This says nothing about how they speak.

Everything Bill Clerico said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Insight
Clerico: P2P payments cannot work as a standalone business
“Really because there's no business model, it's about, you know, people expect that to be free and it's very hard to make money on that. So It makes a lot of sense as part of a bigger platform. And, you know, now most people don't know this, but Venmo is owned …”
Bill Clerico Apr 28, 2018 ▶ 11:51 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Opinion
Bill Clerico: Crypto has no killer app for small business software
“But I think what we found is that in this part of the market, there really hasn't been a killer application of those technologies yet.”
Bill Clerico Apr 28, 2018 ▶ 4:53 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Insight
Clerico: Profitability beats revenue, and revenue beats user traction
“The best case scenario is to be profitable. Next best is generate revenue. You know, traction is sort of a nice number three.”
Bill Clerico Apr 28, 2018 ▶ 13:43 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Assertion Supported
Clerico: Card issuers take vast majority of 3% payment fees
“Actually, we make kind of a tiny fraction of that. The vast majority goes to your credit card company that issues your card as kind of sanctioned by Visa and MasterCard.”
Bill Clerico Apr 28, 2018 ▶ 3:46 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Assertion Supported
Clerico: WePay processed low single-digit billions in payment volume in 2016
“So 2016 definitely sort of low single digit billions as we were growing but, you know, and sort of doubling year over year.”
Bill Clerico Apr 28, 2018 ▶ 10:27 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Disclosure
WePay pivoted from P2P after charging consumer fees stalled traction
“Yeah, it was really hard to get traction while we were charging fees. And so it was sort of like, anytime you have to choose between traction and, you know, and monetization, like there's, you need to cut some other strategy for how to monetize. And we figured…”
Bill Clerico Apr 28, 2018 ▶ 14:11 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments
Insight
Clerico: Right after college is the ideal time for startup risks
“When you graduate from college, that's such a unique time in your life where you have no responsibilities, you know, no kids, no pets, no burn rate If you're gonna take a risk in your life, that's such a phenomenal time to do it”
Bill Clerico Apr 28, 2018 ▶ 20:54 1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Process Payments

The other half of the tape: Bill Clerico's own voice is left out of every number here. Other people bring the name up 2 times in 1 episode on Top Founders. every mention, with the transcript →

Who brings them up most Ohad Samet 2

Every mention by year

tap a year for its mentions
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0112019episodes it came up in
0010.5212019episodesmentions per episode
2019 2 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
1008 WePay CEO on $1b+ in Transaction Volume Helping Your Favorite Online Platforms Proces Apr 28, 2018 13m
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