Khosla Ventures to open first office outside Sand Hill Road in New York

  • Khosla Ventures confirmed plans for its first office outside Sand Hill Road in New York.
  • The 14th Street location is expected to open this fall and host 10 or 12 portfolio companies.
  • CBRE said New York surpassed the San Francisco Bay Area in tech talent headcount for the first time.

Khosla Ventures is opening its first office outside Sand Hill Road, establishing a New York outpost on 14th Street that is expected to begin operating this fall. Keith Rabois confirmed the move at TechCrunch’s StrictlyVC event in New York’s West Village, saying construction may already be underway but that the opening timetable remains vague. The office will house a handful of Khosla investors, including Rabois, and an executive briefing center where 10 or 12 portfolio companies at a time will meet Fortune 500 companies four days a week. Rabois said the arrangement is intended to help startups secure pilots and customers. The expansion follows his relocation to the East Coast to be closer to his husband, Jacob Helberg, the Under Secretary of State for Economic Growth, Energy, and the Environment, and their children in Washington, D.C. Rabois said New York offers strong access to junior talent, citing Ramp’s ability to build a dense pipeline from interns and recent graduates, but remains challenging for senior engineers and experienced executives because many live outside the city and face difficult commutes. Ramp has largely addressed that issue by building its organization from the bottom up rather than hiring senior executives, a strategy it has pursued deliberately for three years. Khosla’s decision follows a CBRE report showing that New York narrowly surpassed the San Francisco Bay Area in total tech talent headcount for the first time in the 13 years the firm has tracked the data, although one attendee at the event said they did not believe the finding.

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