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No Priors: Artificial Intelligence | Machine Learning | Technology | Startups
This week on No Priors, Sarah and Elad sit down with Bill Clerico, founder of Convective Capital, an early stage venture fund focused on technology-driven solutions for wildfire mitigation and climate resilience. The wildfires in Los Angeles have caused unprecedented property damage and immense hardship for countless individuals and families. This episode is devoted to diving into understanding what happened and what we can do in the future. Bill shares his insights into the increasing severity of wildfires, the role of policy, and how infrastructure issues, like outdated building codes and underfunded utilities, are contributing to the crisis. They discuss the latest innovations in fire-fighting technology, from advanced detection to drones, and how these tools can help mitigate future damage. Sign up for new podcasts every week. Email feedback to show@no-priors.com Follow us on Twitter: @NoPriorsPod | @Saranormous | @EladGil | @BillClerico Show Notes: 0:00 Introduction 1:02 Why are wildfires getting worse? 5:37 Policies and regulatory decisions 10:47 Housing: building codes and permitting 13:19 Key factors in response 16:20 Improving water supply and city infrastructure 19:10 Preventing wildfires 21:26 Underinvestment in California's utilities 26:53 Innovative fire fighting technology 29:35 Accelerating Los Angeles' recovery 34:29 Actions homeowners, insurance companies, and governments can take
Technology and innovation are increasingly being applied to manage the growing threat of wildfires. Pete Miller, CEO of The Institutes, welcomes Bill Clerico, founder of Convective Capital, to discuss how early-stage firetech companies are making a difference in improving community resilience, mitigating risk and enabling a safer and faster response to fires. Bill shares his personal experience with wildfires and how it led him to start Convective Capital, a venture capital fund that invests in early-stage wildfire technology companies. Bill highlights the three main problems these startups are solving: building resilient landscapes, creating fire-adapted communities, and ensuring safe and effective response. He provides examples of companies in each category, such as BurnBot for resilient landscapes, Fire Aside for fire-adapted communities, and Pano for safe and effective response. Clerico also emphasizes the need for greater collaboration among stakeholders, including utilities, insurers, and regulators, to address the challenges of wildfire prevention and mitigation. Finally he shares some ideas on how insurers can fund pilots to capture data that could save billions down the road by reducing wildfire risk.Resources:Convective Capital: https://www.convectivecapital.com/BurnBot: https://burnbot.com/ Fire Aside: https://www.fireaside.com/ Pano: https://www.pano.ai/ OnSight Technology: https://onsightops.com/ Red Sky Summit: https://redskysummit.com/ Insurance Institute for Business & Home Safety (IBHS): https://ibhs.org/Predict & Prevent website: www.predictandprevent.orgSign up for our weekly Predict & Prevent newsletter: www.predictandprevent.org/newsletter
Today we're talking with Bill Clerico, co-founder of WePay which Y Combinator funded in 2009. WePay was one of the first of what are now called "FinTech" startups. In 2017, J.P. Morgan acquired WePay for $400M. Listen in to the adventures of an early fintech pioneer.
Bill Clerico is an investor at Convective Capital. He is an early investor in 50+ companies, and he is the former CEO of WePay which was acquired by JPMorgan. In this conversation, we talk about Bill's investment thesis - his entire firm is focused on investing in technology, software, & hardware related to wildfires. Bill and his team are looking for startups that are trying to help mitigate, treat, & prevent all of those issues. ======================= Pomp writes a daily letter to over 235,000+ investors about business, technology, and finance. He breaks down complex topics into easy-to-understand language while sharing opinions on various aspects of each industry. You can subscribe at https://pomp.substack.com/
Today, we have two guests, Sonia Kastner, Founder and CEO at Pano, and Bill Clerico, Founder and Managing Partner at Convective Capital. Both Sonia and Bill are keynotes in the emerging category of fire tech and in the subcategory of climate tech that's referred to as adaptation solutions, technologies that can help deliver resiliency in the face of an increasingly unstable planet. At Pano, Sonia is developing technology that creates actionable intelligence for wildfire management. They're deploying a network of high-definition cameras across our forests to help generate faster and more informed fire response.At Convective Capital, Bill is investing in technology startups that are solving the problem of extreme wildfires, including Pano. Cody, Sonia, and Bill dive into the issue of wildfires, how and why they've grown in severity, the traditional response mechanisms that fire agencies have used and how that's changing, what types of technologies are being developed to support their efforts, and of course, some details about Pano's product offering. We also touch on the talent that's flowing into fire tech and how critical it is for us to continue to fund and develop new ways to adapt to a changing planet, try as we might in parallel to reign in the emissions and trapped heat that are causing climate change. In this episode, we cover: [3:00] Sonia's background and catalyst for working in climate adaptation at Pano [5:05] Bill's background in FinTech and inspiration to start Convective Capital [7:33] The mega wildfire crisis today and trends over the last two decades [11:54] Universal factors contributing to wildfires across different geographies [14:28] Solutions to wildfires including Pano's technology[16:49] An overview of firefighting today, early detection, and rapid initial attack [21:09] How suppression efforts could change based on fire characteristics and the need for collaboration [24:58] Challenges of building a tech company in the wilderness[27:37] How Pano is leveraging Starlink to create solutions for their customers[29:14] An overview of the company's physical product and buyers [31:52] How Convective Capital approaches companies like Pano who sell primarily to fire agencies [34:27] How organizations like CAL FIRE are changing their approach to work with tech companies [36:19] Skills needed and where talent is coming from [38:40] What's next for Pano and Convective CapitalGet connected:Cody Simms Twitter / LinkedInSonia Kastner / PanoBill Clerico / Convective CapitalMCJ Podcast / Collective*You can also reach us via email at info@mcjcollective.com, where we encourage you to share your feedback on episodes and suggestions for future topics or guests.Episode recorded on January 12, 2023.
Bill Clerico, Founder and Managing Partner at Convective Capital, and Co founder and CEO of WePay, joins the show to talk aboutBuilding companies in a recession and Bill's model for evaluating investment opportunities.How Bill and his team uncovered PM fit for WePay, and the signals that helped WePay make the transition from a consumer to B2B company.Current state of the payments industry and picking categories that are less evolved for disruption.Hiring the right profile of employee for the right stage of your venture.Bill's advice for navigating the fundraising market over the next 18 months as a startup founder, and why more founders should be building in climate, and more specifically, fire tech.
J+M are back for another edition of VC Sunday School. This week, they discuss momentum investing in venture capital! (1:35) Then, Molly interviews Convective Capital's Bill Clerico on investing in firetech startups. (27:58) (0:00) Molly tees up Sunday's segments! (1:35) VC Sunday School: Momentum investing: fair strategy, or sign of a bubble? (12:56) OpenPhone - Get an extra 20% off any plan for your first 6 months at https://openphone.com/twist (14:30) Contrarian investing in VC (26:28) Microsoft for Startups Founders Hub - Apply in 5 minutes, no funding required, sign up at http://aka.ms/thisweekinstartups (27:58) Molly is joined by Convective Capital's Bill Clerico and talks about investing solely in firetech startups (35:30) Bill breaks down the different types of firetech startups that he's investing in FOLLOW Bill: https://twitter.com/billclerico FOLLOW Jason: https://linktr.ee/calacanis FOLLOW Molly: https://twitter.com/mollywood Subscribe to our YouTube to watch all full episodes: https://www.youtube.com/channel/UCkkhmBWfS7pILYIk0izkc3A?sub_confirmation=1
Bill Clerico founded, headed, and sold WePay to JP Morgan. After wrapping up 12 eventful years with a successful exit, he joins us to talk about executive and talent management, dealing with turnover, managing crisis, and relying on your co-founder when times are rough.
Welcome to the Tearsheet Podcast. I’m Tearsheet Editor in Chief, Zack Miller. As a founder of a tech startup, Immad Akhund found that the banks his firm used were all lost in the sea of mediocrity and sameness. He was surrounded by services in other parts of his business that were fresh, fast and worked well. His frustration with banking led him to found and lead Mercury, a bank for startups. The company has a lot of big Silicon Valley names as angel investors — people like Andreesen Horowitz, Plaid’s Zach Perret, Allison Barr from Uber Money, Bill Clerico at WePay, and Roger Smith, founder of Silicon Valley Bank. Mercury provides API access to its services that include virtual cards, team management, and business analytics on top of an FDIC-insured bank account. Immad Amkhund is our guest today on the Tearsheet Podcast.
Bill Clerico is the co-founder and CEO of WePay which is a leading provider of integrated payments for software platforms. The company raised $75 million from SV Angel, Highland Capital Partners, Ignition Partners, August Capital, and founders of YouTube and PayPal. Ultimately the company was acquired by JPMorgan for a reported $400 million.
Bill Clerico is the co-founder and CEO of WePay which is a leading provider of integrated payments for software platforms. The company raised $75 million from SV Angel, Highland Capital Partners, Ignition Partners, August Capital, and founders of YouTube and PayPal. Ultimately the company was acquired by JPMorgan for a reported $400 million.
Are you holding on to unhealthy habits that are keeping you from taking your business to the next level? In a candid interview, Simon Lovell walks us through his journey from drowning in debt and addicted to drugs to self-made entrepreneur, host of The Simon Lovell Show, and CEO of The FitPreneurs. Find out how daily meditation helped Simon turn his life around. Next, Bill Clerico bet it all when he transformed WePay in to a B-to-B online payment processing platform aimed at e-Commerce and SaaS companies.This decision paid off in a big way; JPMorgan Chase acquired WePay in 2017. Bill explains why he chose to pivot and makes bold predictions for the future of the payments industry - Find out how your business may be affected. [00:00:00] Drugs, Debt, and Living a Double Life [00:04:51] Authentic Connections and Failing Up [00:11:30] Life After Grabbing the Proverbial Brass Ring [00:18:21] Are You Holding on to Unhealthy Habits? [00:26:10] WePay Pivots to White-label Payments API [00:33:22] Predictions for Payment Processing Industry
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Max Levchin is the Founder & CEO @ Affirm, the company that aims to remake consumer finance from the ground up. They have backing from some of the best in the business with over $400m in VC funding from the likes of Founders Fund, Lightspeed, Andreesen Horowitz, Khosla Ventures and Spark Capital just to name a few. Prior to Affirm, Max held numerous exec positions including Chairman of Yelp for 11 years and sitting on the board of directors @ Yahoo. Before that, Max founded Slide, subsequently bought by Google and was the Co-Founder & CTO @ Paypal. In Today’s Episode You Will Learn: 1.) How did Max come to co-found Paypal and how did that serve as the foundations for his founding of Affirm today? 2.) Why does Max believe there is a crucial misalignment between service providers and consumers in financial services? Does Max agree with Bill Clerico that 'we are still in the very early days for Fintech?' 3.) Having co-founded Paypal, Slide and now Affirm, how has Max changed as a leader and CEO? What does Max believe makes the truly great CEOs? Are there commonalities in how they operate and their skills? 4.) What does Max look for in all new hires or when evaluating founders for potential investment? Why is self-awareness so important for entrepreneurs to have? Why does Max want to be slightly terrified by how smart an individual is? 5.) How has having Children changed Max's perception of what is important and what he chooses to spend his time on? How does that reflect in his actions and self-discipline? Items Mentioned In Today’s Show: Max’s Fave Book: The Master and Margarita by Mikhail Bulgakov As always you can follow Harry, The Twenty Minute VC and Max on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. eShares is the No 1 Cap Table Management platform, allowing for equity management, 409A valuations, and liquidity, all in one place. eShares is made for companies of all sizes with over 5,000 trusted customers including the likes of Squarespace, Kickstarter, and DoorDash just to name a few. To try out the must have service of the industry, simply head over to esharesinc.com it is a must. Fond is the employee engagement suite with 3 core products, rewards: a recognition platform for rewarding achievements and milestones, perks: a premium corporate discounts program to show employees you care about them and then finally engagement IQ, a free employee engagement survey that allows you to measure the health of your organization. To check it out head over to fond.co
The Twenty Minute VC: Venture Capital | Startup Funding | The Pitch
Bill Clerico is the Co-Founder & CEO @ WePay, the most complete payments solution for platforms. To date, they have raised close to $75m in VC funding from some of the best in the business including Max Levchin, Dave McClure and August Capital just to name a few. As for Bill, alongside his role with WePay, Bill is a part-time partner @ Y Combinator and an angel investor. Prior to startups, Bill cut his teeth in the industry at Jefferies in investment banking. In Today’s Episode You Will Learn: 1.) How Bill made his way into the world of startups from investment banking? 2.) How does Bill assess the pivot? What is required to pivot successfully? How can this be communicated to both your board and your team? 3.) How does Bill look to relationship build with investors? What are the fundamentals to a healthy and sustainable investor relationship? 4.) Why should founders ensure they are not the only company representative with the board? What are the benefits of the board having many touchpoints within the family? How can this be done effectively? 5.) What does Bill mean he says you must have an 'opinionated culture'? How can this be conveyed to the team and across the organisation? Items Mentioned In Today’s Show: Bill’s Fave Book: Failure Is Not An Option Bill’s Fave Blog: The Information As always you can follow Harry, Bill and The Twenty Minute VC on Twitter here! Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC. Eight is a sleep innovation company. With their latest product, the Eight Smart Mattress, being a bed that literally tells you how well you slept last night, paired with an intelligent sensor cover that measures the quality of your sleep and delivers a daily sleep report. In order to bring you the best product, Eight used anonymized sleep data and feedback from over 10,000 people, to understand which materials and types of mattresses give customers the best sleep resulting in their unique blend of four responsive and high-density foam layers plus one layer of proprietary technology that helps people track and improve their sleep. You can check it out on Eightsleep.com – and if you use the code 20VC you will get a whopping 20% discount! FullContact provides the ability to organize your contacts, gain rich insights into them and therefore build deep relationships. With features like automatically identifying and merging duplicate contacts to the ability to snap a photo of a business card and FullContact will transcribe them for you, so no more lost and loose business cards at events. It is with these features just being the tip of the iceberg, FullContact really is the best all in one solution for contact management and you can check them out on fullcontact.com.
Today we have an episode with Bill Clerico the founder of WePay. WePay is a payment’s platform with a built in fraud analyzer that powers some of the worlds best known marketplaces including Care.com, Constant Contact, Freshbooks, GoFundMe and Meetup. WePay protects its partners from risk and regulatory exposure, while supporting a great experience for their end-users. Prior to WePay, Bill was a technology investment banker and has a degree in computer science from Boston College. lets listen into Bill interview in Silicon Valley with Startup Grind’s own TD Lowe.
Episode 18 of Startup School Radio: Host Aaron Harris interviews Bill Clerico, cofounder of WePay. Also on the show: Taro Fukuyama, founder and CEO of Anyperk.
Bill Clerico is a former software engineer turned investment banker turned entrepreneur. He is the CEO and co founder of WePay, which aims to be the easiest way for small businesses to accept payments online.
Ginny Belden-Charles consultant, educator and author who helps leaders and teams build reflection, learning, collaboration and strategic thinking into their busy, action-oriented lives. She is the director of the Taos Institute master's program in Relational leading with Middlesex University in London which offerslearning through small, online, international, work focused cohort groups. She has co-authored a chapter on Action Learning published in the Change Handbook, 2nd edition edited by Peggy Holman, Tom Devane and Steven Cady Bill Clerico CEO and co-founder of WePay, where he drives the company's vision, strategy and growth. His goal is to make payments easy for the world's small businesses and the platforms that serve them Andrea Batista Schlesinger deputy director of U.S. Programs at the Open Society Foundations. Before joining the Foundations, Schlesinger served as special advisor to New York City Mayor Michael R. Bloomberg. She coordinated the mayor's Young Men's Initiative to improve the life outcomes of young black and Latino males. She also served as a special advisor in Bloomberg's 2009 reelection campaign, focused on his agenda in areas including higher education, immigration, and housing. She is the author of The Death of Why: The Decline of Questioning and the Future of Democracy Bill Bartmann Founder and CEO of CFS2 and an aggressive advocate for reform of the debt-collection industry, said, “I am convinced we are on the right track to reforming an industry of rampant abuse and Governor Henry will play a big role in helping to deliver our message to regulators and capital sources. His commitment to be a part of our company is proof of his belief that what we are doing is important and that we have the ability to change millions of lives.”
Ilya Spitalnik Founder and CEO of PowToon, an animated presentation software company that's disrupting the presentation space by giving anyone the ability to create animated videos and presentations that pack a serious punch.Ilya has written a book called: The Power of Cartoon Marketing Kristina Hess Haymes with over 13 years of experience, her extensive “best practice” experience has been focused in a wide variety of complementary practice areas to include Estate Planning, Living Trusts, Family Owned Business, Litigation and Family Conflict Resolution. She is a co-author of the book, More Than Money How to Leave a Lasting Legacy to Your Family Anolia Orfrecio Facun former community health nurse and educator turned successful entrepreneur in three separate industries, to now a passionate author and inspiring speaker with a story and a mission to share the message of HOPE, LOVE and VICTORY Dr. Gerry Crabtree COO, Nuvilex Inc. Bill Clerico CEO and co-founder of WePay, where he drives the company's vision, strategy and growth. His goal is to make payments easy for the world's small businesses and the platforms that serve them
Bill Clerico is a former Software Engineer turned Investment Banker turned Entrepreneur. He is the CEO & Co-Founder of WePay, which aims to be the easiest way for small businesses to accept payments online.