Get All Access for $5/mo

A Suspect Has Been Arrested in Killing of Cash App Founder Bob Lee The suspect was allegedly in a vehicle with Bob Lee in the early hours of the morning prior to the stabbing.

By Madeline Garfinkle

Opinions expressed by Entrepreneur contributors are their own.

Twitter | Bob Lee

On April 4, Cash App founder and tech investor Bob Lee was killed near Rincon Hill and the Bay Bridge in San Francisco. On Thursday, police announced there has been an arrest, Mission Local first reported.

The suspect, Nima Momeni, allegedly works in the tech industry and knew Lee, according to reports. Before the stabbing, Lee and Momeni were reportedly driving through downtown San Francisco together in a car registered to Momeni, police told Mission Local.

Related: Cash App Founder Bob Lee Remembered as 'Brilliant Investor' and 'Best Java Programmer in the World'

San Francisco police have not released any further information regarding the arrest but told the outlet they believe a confrontation occurred while in the vehicle, which could have led to the act of violence.

According to his LinkedIn page, Momeni owns an information technology consulting company called, Expand IT.

Screenshot of Nima Momeni's LinkedIn page on April 13, 2023.

Lee's death ignited grief and mourning among those who knew him and sparked outrage from some tech executives and Bay Area locals on social media. Venture capitalist Matt Ocko called San Francisco "lawless" and Elon Musk tweeted that violent crime in the city is "horrific."

However, according to police data, violent crime in San Francisco is fairly low (only 56 incidents of homicide in both 2022 and 2021).

Related: San Francisco Whole Foods Closes To 'Ensure Safety' of Employees

"Nothing can undo this senseless crime, and we reiterate our condolences to Mr. Lee's family members, friends and colleagues," a member of the San Francisco Board of Supervisors, Matt Dorsey, tweeted following news of the arrest. "But I hope today's arrest can begin a process of healing and closure for all those touched by this tragedy."

Madeline Garfinkle

News Writer

Madeline Garfinkle is a News Writer at Entrepreneur.com. She is a graduate from Syracuse University, and received an MFA from Columbia University. 

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

Apple Reportedly Isn't Paying OpenAI to Use ChatGPT in iPhones

The next big iPhone update brings ChatGPT directly to Apple devices.

Business News

Sony Pictures Entertainment Purchases Struggling, Cult-Favorite Movie Theater Chain

Alamo Drafthouse originally emerged from bankruptcy in June 2021.

Marketing

Are Your Business's Local Listings Accurate and Up-to-Date? Here Are the Consequences You Could Face If Not.

Why accurate local listings are crucial for business success — and how to avoid the pitfalls of outdated information.

Growing a Business

He Immigrated to the U.S. and Got a Job at McDonald's — Then His Aversion to Being 'Too Comfortable' Led to a Fast-Growing Company That's Hard to Miss

Voyo Popovic launched his moving and storage company in 2018 — and he's been innovating in the industry ever since.

Money & Finance

Day Traders Often Ignore This One Topic At Their Peril

Boring things — like taxes — can sometimes be highly profitable.

Productivity

Want to Be More Productive Than Ever? Treat Your Personal Life Like a Work Project.

It pays to emphasize efficiency and efficacy when managing personal time.