David Haber @dhaber Twitter profile

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David Haber

@dhaber

3 years

You never forget the people who bet on you early. Feeling very grateful today! 🙏🙏🙏

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David Haber

@dhaber

3 years

I am thrilled to share that I am joining @a16z as a General Partner based here in NYC!

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David Haber

@dhaber

2 years

Was reminded of this today: Debt is best used to finance a *predictable future* Equity is best used to finance an *unpredictable future* The more debt you take on, the more confident you need to be in your ability to predict the future...

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David Haber

@dhaber

4 years

I’m obsessed with the idea of “mafias” - groups of people who push each other to succeed and become better versions of themselves (with unusually high rates of success). What are some lesser known or emerging examples of “mafias”? (i.e. less mainstream than PayPal, etc).

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David Haber

@dhaber

2 years

1/ Thrilled to finally announce @a16z Start! A program we've been running to partner with exceptional people at the earliest stages of company formation (in some cases even pre-idea). We invest up to $1M and provide a network of resources & support. 💫💫💫

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David Haber

@dhaber

3 years

Every time you think it’s “too late” just remember that a large (unnamed) investment bank is still running Microsoft Office 2008. It’s all still so early! 🙃

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David Haber

@dhaber

3 years

One of the most impressive things about @stripe is that they continue to attract people who might have otherwise been founders / entrepreneurs. Continuing to attract that kind of talent at scale is really special.

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David Haber

@dhaber

4 years

If you want to spend your career around the most creative and ambitious people in the world - how could you possibly bet against cities? New York is still magic.

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David Haber

@dhaber

4 years

Has a TAM analysis ever actually been useful?

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David Haber

@dhaber

3 years

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David Haber

@dhaber

5 years

Amazing how writing a 6-page Amazon-style memo forces you to clarify your thinking. Much harder than a deck. Very curious to see how it helps push decision making forward - especially for controversial topics. In theory, it should help avoid misinterpretation.

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David Haber

@dhaber

4 years

Schwartzman's three tests for starting a business: 1)"It’s as hard to start and run a small business as it is to start a big one... If you’re going to dedicate your life to a business, which is the only way it will ever work, you should choose one with the potential to be huge.”

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David Haber

@dhaber

7 months

There’s something beautiful about the fact that one of my closest friends from college - who happens to be a gay, Syrian, Muslim (and the world’s best travel agent) - helped get my parents safely out of Israel on Sunday via El Al to Europe. ❤️🕊️

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David Haber

@dhaber

3 years

Summer in New York City is going to be bananas.

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David Haber

@dhaber

5 years

Two observations of great managers: 1) They are inclusive. They don't hoard relationships (or info), and will invite junior ppl to meetings with more senior ppl. 2) They share praise - esp if the more jr person produced the work. Opposite behavior has an equally negative impact.

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David Haber

@dhaber

4 years

Two mental models of investment firms I find interesting: - Sequoia of Debt - Apollo of Tech

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David Haber

@dhaber

6 years

Two under-appreciated skills for VCs: 1) How to run an M&A process. 2) Relationships with alternative forms of capital (family office, strategics, tier 2 & 3 VCs). Both can help make or break outcomes for portfolio companies as markets and funding climates change.

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David Haber

@dhaber

5 years

Something that would have been comforting to know as my younger self: No one really knows what they are doing in business (at any level). We’re all just trying to figure it out as we go. Most important thing is trying / learning.

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David Haber

@dhaber

6 months

What world do we live in?! So insane.

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David Haber

@dhaber

3 years

Careers are long... and you never know how life will re-intersect

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David Haber

@dhaber

7 months

That’s the New York I know and love. 🗽

Aviva Klompas

@AvivaKlompas

7 months

There are good people out there. Let's hear it for the non-Jewish gentleman in the brown plaid shirt who confronts the pro-murder, pro-kidnap bigot ripping down posters of kidnapped Israelis.

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David Haber

@dhaber

3 years

Who are the smartest folks building at the intersection of Healthcare x Fintech?

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David Haber

@dhaber

7 months

🇮🇱

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David Haber

@dhaber

4 years

Pretty sure a @masterclass on “Cutting your own hair at home“ would drive a massive amount of conversion right about now. #takemymoney

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David Haber

@dhaber

4 years

Just drove thru a @Starbucks here in San Diego. When I get to the cashier she tells me that the car in front of me has already paid for my order. I then decide to pay for the car behind me... I’d like to think that person started a chain reaction of paying it forward all day...

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David Haber

@dhaber

1 month

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David Haber

@dhaber

4 years

Startups that are going through layoffs (and even those that aren't) should begin extending their employee option exercise windows (from typical 90 days to 1+ years). Employees who are laid off shouldn't have to miss out on upside bc of short-term liquidity issues. Lead!

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David Haber

@dhaber

2 years

NYC was epic today. Spring is going to be 💯💯💯!

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David Haber

@dhaber

6 years

Heard some heartening news from a female founder today who confided in her male VC board member that she was pregnant. He said he was supportive of any maternity leave she wanted to take and would support the company paying for a night nurse or in-office day care. Bravo! 👏👏👏

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David Haber

@dhaber

2 years

1) A new generation of private market exchanges will bootstrap liquidity through software. I expand upon this thesis "Come for the Tool, Stay for the Exchange" in a new essay that just dropped on @future .

Come for the Tool, Stay for the Exchange: Bootstrapping Liquidity in the Private Markets | Andree...

Over the past 20 years, there has been a dramatic shift in capital flow from the public to private markets. Since 2000, private market assets have grown over 10 times, representing over $6 trillion...

a16z.com

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David Haber

@dhaber

3 years

The most common issue with "innovation" at big companies is the belief that anything new needs to address a very large TAM. 1/

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David Haber

@dhaber

5 years

Valuable lesson I’ve learned (and continue to learn): Always bet on your friends.

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David Haber

@dhaber

3 years

Who are the best young Fintech VCs I should meet? Excited for this next gen.

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David Haber

@dhaber

3 years

NYC is buzzing. 🌞 ☀️

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David Haber

@dhaber

2 years

Rocket Internet always had a mixed reputation (copycat models / slash and burn) -- but to their credit, they've trained an incredible new generation of entrepreneurs around the world (in Europe and across Latam in particular). Pretty remarkable.

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David Haber

@dhaber

5 years

Started a new role in a firmwide strategy team this AM. First order of business? Signing everyone up for @stratechery

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David Haber

@dhaber

5 years

One thing I derive immense satisfaction from: helping friends find their next career move. No particular agenda, I just believe that careers are long and believe deeply in the karmic boomerang of putting more into the world than you expect to receive.

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David Haber

@dhaber

3 years

Thrilled to have more opportunities to partner with founders at the earliest stages of company building. Let’s go! 💪

a16z

@a16z

3 years

We’re excited to announce our $400M seed fund. Seed has always been a core part of our strategy. This fund underscores our commitment to founders on this leg of the journey and to seed investing as first class motion for the firm.

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David Haber

@dhaber

3 years

Consistently impressed with the myriad ways one can rebrand a merchant cash advance.

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David Haber

@dhaber

4 years

I fucking love New York

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David Haber

@dhaber

2 years

Feeling more connected than ever to my family's history in Eastern Europe. My grandmother was born in Chernovitz (what was Romania in WWII) but is present-day Ukraine. Survived a labor camp and immigrated to Israel -> Nicaragua -> Mexico. We're all Ukrainian today! 🇺🇦

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David Haber

@dhaber

2 years

1/ Excited to announce that @Tocelot and I are leading a $20MM investment into @carry1st - Africa’s leading game publisher building at the intersection of games, fintech and web3.

Investing in Carry1st | Andreessen Horowitz

The African continent is in the midst of a massive generational shift, and with it a technological revolution. A young, middle-class, and rapidly growing population — 1.3B people with an average age...

a16z.com

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David Haber

@dhaber

5 years

Find myself being way more candid / direct with early stage entrepreneurs than I was as a VC. Maybe bc much of the learnings I’ve gained were hard earned in the trenches. Being direct (even if difficult feedback) can save months of time - which for founders is enternity...

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David Haber

@dhaber

5 years

I think I a lot of VCs didn't know what to make of Carta bc of its "services revenue." It's a trend that I think you're going to see a lot more of in the coming years. Core subscription software + service-level revenue will drive stronger cashflow and LTV.

David Haber

@dhaber

5 years

One fintech trend I'm incredibly excited about: Niche software companies that solve an unsexy problem and build a robust data asset. Many, many services + capital markets businesses that can build on that core. See @cartainc as an amazing example.

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David Haber

@dhaber

5 years

Having been at a large company for ~ 2 years now, have come to appreciate the need for enterprise software that helps navigate the internal organization + collective relationships/intelligence of a large organization. Watch this space.

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David Haber

@dhaber

2 years

One of the starkest differences from the last time I was a VC (circa 2013) is just how much more global this business has become (especially in fintech). I think that's a very good thing for the world.

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David Haber

@dhaber

5 years

We're hiring an associate to join Launch with GS - @GoldmanSachs ' $500MM investing initiative to help narrow the gender investing gap. Great opportunity for someone passionate about building relationships with women-led businesses and fund managers. LMK!

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David Haber

@dhaber

4 years

Weird feeling to have to lecture your parents to stay home / take Covid-19 seriously. Finally broke through by saying it's not just about them, it's also about my grandparents who are 80+ (and even more vulnerable).

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David Haber

@dhaber

3 years

Stripe + Goldman Sachs. Awesome to see this live.

WSJ News Exclusive | Stripe to Offer Banking Services in Deal With Goldman Sachs, Citigroup

The payment processor for online businesses is set to give its customers the option of offering bank accounts, debit cards and other cash-management services to their own merchants and vendors.

www.wsj.com

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David Haber

@dhaber

5 years

Feels like we're going to see earlier stage companies allocate a portion of their balance sheet (or raise outside capital) to invest in startups building on their platforms / in and around their ecosystems. Stripe/Slack obv, but many others coming. Micro corp VC / strategic inv?

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David Haber

@dhaber

5 years

Thrilled to share our investment in @cartainc ! Felt the pain of building cap-tables as a VC at Spark, understood the value of Carta as Founder at Bond Street - and now excited to be an investor here at GS! Looking forward to all that we’ll build together. 💪👊🙌

Carta

@cartainc

5 years

We're excited to officially announce our Series E from @a16z , @lightspeedvp , and @goldmansachs , with @pmarca joining our board. We’ll use our new funding to increase private market liquidity and continue building products for companies, VCs, and LPs.

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David Haber

@dhaber

1 year

. @a16z Healthcare x Fintech collabs!

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David Haber

@dhaber

5 years

Had to miss #Money2020 this year. Here’s my sense for this year’s trends: 1) Infrastructure is on the rise 2) The great rebundling 3) Alternative business models (subscriptions + B2B2C) 4) Every co is becoming a fintech company 5) Largest fintech cos are going full stack and 🌎

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David Haber

@dhaber

3 years

I love London.

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David Haber

@dhaber

6 years

Feels like a trend that we’ll see more and more — companies that raise $50-$100MM in venture capital but never hit escape velocity. May be able to reach profitability / decent growth, but not going to return the fund. Now sitting underneath a large pref stack and VCs are 😴.

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David Haber

@dhaber

5 years

One fintech trend I'm incredibly excited about: Niche software companies that solve an unsexy problem and build a robust data asset. Many, many services + capital markets businesses that can build on that core. See @cartainc as an amazing example.

A company that came up with a clever solution to startup stock-options just raised $80 million at a...

Carta has raised an $80 million Series D funding round led by Meritech and Tribe Capital, bringing its new valuation to around $800 million.

www.businessinsider.com

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David Haber

@dhaber

3 months

It's pretty wild how little the Change Healthcare debacle is being discussed. It's basically the SVB crisis + Experian data breach in one. Providers can't submit claims (and thus aren't being reimbursed / may have serious working capital issues). Clinical data on

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David Haber

@dhaber

5 months

Awesome partnership between @NGCASH_ and one of the largest esports teams in Brazil @losgrandesgg 🖤🧡 #ngcashnalos Vambora!

LØS

@losgrandesgg

5 months

O banco da nova geração, que te entende e joga com você! Uma união tão gigantesca que nem briga de sócios separa. Jogaremos o game juntos! NGCASH NA LOS 🖤🧡

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David Haber

@dhaber

2 years

1/ Thought I'd share a few reflections from building Bond Street (an SMB financing business we sold to Goldman Sachs in 2017) and why I now believe lending businesses should "lead with software" as opposed to a financial product.

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David Haber

@dhaber

4 years

Crushing the challah game 👨‍🍳👨‍🍳👨‍🍳

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David Haber

@dhaber

2 years

Make a better case for New York - I’ll wait… 🗽💫😍

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David Haber

@dhaber

2 years

Magic ❄️💫

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David Haber

@dhaber

5 years

Have had several conversations recently with very accomplished senior operators / execs who are still itching to take a big swing or advise ambitious young founders. Most don’t need to work, but are passionate. Surprised there isn’t a better way to leverage this community...

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David Haber

@dhaber

2 years

1/ I've always believed that "opportunities live between fields of expertise" and love exploring those intersections. Since joining @a16z almost a year ago, we've made a concerted effort to go deep on the intersection of Healthcare x Fintech💸⚕️

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David Haber

@dhaber

5 years

The Theranos fraud makes for a great story - but had a relatively small effect on society. Who is going to produce the definitive documentary on the Sackler family and the evil they’ve wrought on millions of Americans facing our opioid crisis?

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David Haber

@dhaber

4 years

For example - there was a small group of investment bankers at Paine Webber in the 80s who all went on to back each other (in several different fields) and ended up creating 5-6 billionaires (maybe more).

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David Haber

@dhaber

3 years

Careers are a constant push / pull of patience and impatience. The patience to let things compound, and the impatience (and ambition) to know when to strike and build something new.

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David Haber

@dhaber

2 years

Curious what might be in store for Fintech in 2022? My partners at @a16z and I share a few predictions! Hint: "Opportunities live between fields of expertise."

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David Haber

@dhaber

6 years

Just me or does anyone else miss NYC tech from 2009?

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David Haber

@dhaber

7 months

Thrilled for our new a16-zed office in London! 😎🇬🇧

Sriram Krishnan - sriramk.eth

@sriramk

7 months

🇬🇧ANN: London office opening for Andreessen Horowitz. I'm excited to officially open the @a16z office in London. I've moved here along with @liz_harkavy and @jay_drainjr More below (and photos from our launch event last night with @bhorowitz and @cdixon )

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David Haber

@dhaber

4 years

Should GS buy TikTok? Feels very on brand right now.

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David Haber

@dhaber

4 years

I’m sad, I’m angry, and I’m so fucking ready for November... #BlackLivesMatter #VOTE

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David Haber

@dhaber

5 years

Excited for this. Early innings of exposing our infrastructure to the world. Have some ideas for cool products to build on our trading stack? Apply!

Goldman’s Trading Floor Is Going Open-Source—Kind of

Goldman Sachs plans to let outside engineers tinker with some of the code that its traders use to price securities, and analyze and manage risk.

www.wsj.com

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David Haber

@dhaber

6 years

Yvon Chouinard’s story “Let my people go surfing” has so many lessons for life and business. - Slow down - Focus on quality - Move with intention - Take risk, but do your homework - Do the right thing, even if it’s the harder path - Believe in something bigger than yourself

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David Haber

@dhaber

3 years

I grew up in your district (Chula Vista). Was a product of your public schools (Bonita Vista). I’m an entrepreneur and a Democrat. And yet, I’m really struggling to understand how this could possibly be productive...

Lorena Gonzalez

@LorenaSGonzalez

4 years

F*ck Elon Musk.

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David Haber

@dhaber

5 years

Right now in Fintech it feels like if you add checking/debit to your scaled monoline product, your valuation goes up by 2x.

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David Haber

@dhaber

5 years

There should be a @Netflix show that unpacks the financial hardships of many Americans as they: buy a prepaid card, send a remittance, take out a payday loan, pay with SNAP. And then highlights fintech entrepreneurs genuinely trying to solve these problems with better solutions.

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David Haber

@dhaber

3 years

Who are the best crypto VCs in NYC?

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David Haber

@dhaber

5 years

This aged well. 🔥

David Haber

@dhaber

5 years

Right now in Fintech it feels like if you add checking/debit to your scaled monoline product, your valuation goes up by 2x.

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David Haber

@dhaber

5 years

Facebook Marketplace is shockingly liquid. Have to imagine this becomes a big business once Facebook Pay get's deeply integrated.

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David Haber

@dhaber

2 years

Much to build in 2022. Let's go.

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David Haber

@dhaber

3 years

Have to give credit to NYC's rapid Covid testing sites. Online reservations, no lines, free, in-and-out in ~5 minutes, with full PCR results in <4 hours.

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David Haber

@dhaber

5 years

Dodged a bullet on that one! 🔥

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David Haber

@dhaber

5 years

I often find that the most senior people at large organizations are the most responsive and generous with their time. Be like them.

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David Haber

@dhaber

4 years

OOO

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David Haber

@dhaber

5 years

I consider myself both progressive and a democrat and couldn’t agree more. 🤯. Huge loss for NYC.

Lloyd Blankfein

@lloydblankfein

5 years

After killing Amazon's NYC HQ, not sure some progressive democrats deserve either title. This move was both anti-progress (negative for development and tech jobs) and anti-democratic (polls show 70% of NYers were in favor). Victory lap for them, not for NYC. #AmazonHQ2

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David Haber

@dhaber

1 month

You know you're a New Yorker when you immediately assume the earthquake was "probably just the subway" 👀

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David Haber

@dhaber

4 years

Epic thread on the history of Bloomberg

Frederik Christopher Gieschen

@NeckarValue

4 years

Michael Bloomberg started his company in 1981. He was already 39 years old. He faced large incumbents with tens of thousands of installed terminals and by global news agencies. Let's take a look at how he cracked the code to become the dominant player in financial information

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David Haber

@dhaber

5 years

How long before Vista Equity and Constellation Software betcome household names in the venture and startup communities? I give it <12 months.

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David Haber

@dhaber

3 years

Very excited for @YieldGuild . Also excited that we’ve made our first investment in the Philippines. Petmalu!!🇵🇭🇵🇭🇵🇭

AriannaSimpson.eth

@AriannaSimpson

3 years

Today, we are thrilled to announce we’ve led a round in @YieldGuild . YGG is at the center of the play to earn movement and building an incredibly powerful community. Why are we excited? More below 👇🏼 🧵

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David Haber

@dhaber

4 years

We’ve created an online resource center at @GoldmanSachs to help entrepreneurs navigate the CARES Act and small business relief programs (including SBA 7a PPP loans). Much more to come!! 🙌 #longlivesmallbusiness #Covid_19 #CARESAct

Goldman Sachs | US Small Business Resource Center

www.goldmansachs.com

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David Haber

@dhaber

4 years

Let's go! #longlivesmallbusiness

Amazon unveils small business credit line with Goldman in latest tie-up between tech and Wall Street

The move is the first time Amazon has agreed to let an outside financial institution make underwriting decisions for the hundreds of thousands of businesses on its platform

www.cnbc.com

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David Haber

@dhaber

2 years

One of the most common topics of conversation with entrepreneurs launching a new financial product is how to best strategize for their initial debt funding. We dive deep into the variety of structures and provide a framework for how to weigh your options.

Launching a Financial Product: How to Choose the Right Funding Structure | Andreessen Horowitz

Choosing the right funding structure can have a meaningful impact on the trajectory of your company, its ability to scale, and your bottom line.

a16z.com

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David Haber

@dhaber

4 years

In SF today and tomorrow. Will be interesting to get a feel for VC / founder psychology and then go back to NYC and visit the trading floor at GS to get a sense for Wall Street. We are living in interesting times.

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David Haber

@dhaber

3 years

Thinking of drafting a handful of new fintech blog posts over the coming weeks / holiday break. What would you be interested in me covering?

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David Haber

@dhaber

5 years

Who is the Ben Thompson / Stratechery of financial services? So many applicable parallels between what’s happening with platforms / aggregators playing out in finance (not just in fintech - but across the capital markets landscape).

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David Haber

@dhaber

3 years

How it started // How it's going