![]() ![]() Overdorff moved to New York just before the pandemic on behalf of Stripe, which saw benefit in having a veteran corporate development and strategy leader in the city, closer to Europe. And while Stripe and other fintech leaders historically grouped in Silicon Valley - in Plaid’s case, moving there from New York - a new generation of breakouts like Ramp is remaining in town. One of tech’s hottest areas by funding, fintech startups raised $39.2 billion for the year as of September 30, according to PitchBook, compared to $20.4 billion last year. It’s no coincidence that Haber, Lightspeed’s New York-based partner Justin Overdorff and Greylock principal Seth Rosenberg all specialize in fintech. “Venture is still a relationship business.” Fintech frenzy It’s not surprising to me that people are moving here,” he adds. The recent success of tech companies going public in New York from ad tech to ecommerce and infrastructure has helped prove that New York must be taken seriously as a significant tech hub, Haber says. ![]() Now he’s part of what peers say is a 20-person-plus team in New York at least one other general partner, David Ulevitch, is in the process of purchasing a New York home. Haber helped open Spark Capital’s office in New York nearly a decade ago before founding Bond Street and selling it to Goldman. Andreessen HorowitzĪnchoring A16Z’s venture fund presence in New York is David Haber, who joined the firm in June from Goldman Sachs. ![]() Andreessen Horowitz partner David Haber says widespread VC interest in New York should come as no surprise. ![]()
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