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SocentVC

Where Social Entrepreneurship and Venture Capital Meet

Moving On, For Real!

August 16th, 2011 · No Comments · Personal, VC, socent, tech

Unlike a post made on this blog on April 1 of last year, this post actually does confirm I have indeed moved on from investment banking to pursue new opportunities. Specifically, I decided earlier this year to join a venture capital firm here in New York City and just had my first day on the job yesterday.

My new firm is called the New York City Investment Fund, which often leads people to ask if I am now a public servant of sorts (answer: no). The answer is that NYCIF is a private fund, but that it was formed with a civic mission in mind. In particular, it pursues the goal of strengthening and diversifying New York City’s economy in addition to seeking financial return. This might take place through promoting burgeoning high-tech industries in NYC, like biotech or cleantech, or it could come through investing in a non-profit bakery that provides jobs and teaching skills to low-income women. Yes, one could say that it fits right in with the title of this blog — where social entrepreneurship and venture capital meet!

While my roles and responsibilities will be ones that I figure out over time, I do know that one of my primary tasks will be to help manage the FinTech Innovation Lab, which you may have read about on TechCrunch back in December. I’m looking forward to joining the city’s innovation economy in earnest (instead of just attending meetups and events on the side) and hope to be meeting many more tech and social entrepreneurs going forward.

For more info on what NYCIF does, you can read this brief piece on my CEO Maria Gotsch, who was recently named as one of the “People to Watch in Silicon Alley” by Crain’s, or watch this interview with her on Bloomberg TV. Also, feel free to email me at any time!

Finally, a big thanks to everyone who helped me and encouraged me during the year-long process of recruiting. You know who you are!

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