This Week in Fintech's Podcast 🎧The Fintech OG Series: David Haber and Owen Jennings
Jul 30, 2025
David Haber, General Partner at Andreessen Horowitz and AI Apps Fund co-lead, teams up with Owen Jennings, Head of Product and Operations at Block. They dive into the evolution of fintech from the early days of Cash App to AI's role in transforming finance. Key discussions include innovative solutions for small businesses, the necessity of modernizing credit access through AI, and the ongoing challenges in financial stability. Their insights offer a masterclass on the intersection of technology and finance, bursting with opportunities for the future.
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Episode notes
AI Personalizes Small Business Software
- Small businesses use many SaaS products but only utilize a small portion effectively.
- Personalized software built with AI can remove inefficiencies and help marginal businesses survive.
AI Differentiation vs. Defensibility
- AI drives differentiation but not defensibility; true moats come from deep integration and network effects.
- The ability to embed deeply and act as a system of record remains critical for sustainable advantage.
David Haber's Bond Street Journey
- David Haber started Bond Street at age 25, pioneering online small business lending with a strong team.
- Despite growth, they struggled to scale due to lack of transactional intent data and faced a tough lending market downturn.