Liz Gannes

Recent Posts by Liz Gannes

WePay, Driven by Social Sharing, Raises $10M

WePay, an upstart PayPal competitor that helps people accept money online for donations, events and stores, has raised $10 million in a new funding round led by Ignition Partners.

WePay CEO Bill Clerico

Among many competing payments providers, one thing that stands out about WePay is how it’s driven by social sharing. Almost half of WePay’s traffic is referred by Facebook, CEO Bill Clerico said yesterday on a panel we were both on at the Startup Conference in Mountain View, Calif.

A rep for the company said the exact Facebook referral stat is 43 percent — and much higher for campaigns like this one to support a family that lost seven members in a car crash.

Palo Alto, Calif.-based WePay, which initially launched as a groups payments tool, has raised a total of $20 million from Ignition, Highland Capital Partners, August Capital, Y Combinator, SVAngel, Dave McClure, Mark Goines, Steve Chen, and Max Levchin.


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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus