Funding Wall St. Protest


Kaltura Video

By Matthew DeLuca

They’re protesting big banks and corporations, so which start-ups are Occupy Wall Street looking to for collecting donations and financing a new media endeavor?

The primary method employed by the protesters to collect donations has been through an account with WePay , an online payment-collection service start-up. Based in Palo Alto, California, WePay was founded in 2008 by Rich Aberman, a dissatisfied law student, and Bill Clerico, a disgruntled investment banker. The company’s site bills itself as “taking the pain out of payments,” and the site also allows donation-collection from the masses. Hero Vincent, a facilitator and informal PR representative for Occupy Wall Street, says that the group’s online coffers have received a steady flow of donations from both domestic and international supporters through the site.

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