Fintech Leaders David Haber, a16z General Partner - Building Fintech Giants, Leading With Software, What Makes a Truly Great VC
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Jul 16, 2024 
David Haber, General Partner at Andreessen Horowitz, has a rich background in fintech, having founded Bond Street, which was acquired by Goldman Sachs. In this conversation, he shares invaluable lessons on hiring talent, emphasizing the need for 'humble confidence.' He discusses the vital role of storytelling for entrepreneurs and the future of fintech, showcasing emerging trends and innovations. Haber also highlights what makes a great venture capitalist, including quick decision-making and learning from mistakes, while expressing excitement about the collaborative future in the fintech landscape.
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First Hire at Bond Street
- David Haber's first hire at Bond Street was Jerry Weiss, Citibank's former head of small business risk.
- Weiss, significantly older than Haber, joined the startup in its early stages, setting a positive tone.
SMB Lending Gap
- Small businesses often struggle to secure financing despite profitability.
- Bond Street aimed to address this gap by leveraging new data APIs and technology.
Leading with Software
- Focus on high-approval-rate financial products or software to build a large user base.
- Layer in higher-margin products later after understanding user financial profiles.