Fahd Ananta @fahdananta Twitter profile

Pinned Tweet

Fahd Ananta

4 years

Magical products are a result of someone putting in tremendous amounts of work They're outworking us so much that we can't believe it, so we conclude it as magic Work harder and don't let anyone outwork you. Make magical things.

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Last Seen Profiles

@paulitwitz

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@NomadsEliteSP

@maisiecora

@ThunderCWHL

@Ria__Ria__

@janetmock

@jackson_wood23

@brush_wiper

@Kendeb355

@DowdEdward

@BlakeOnCam

@CoronaMauro

@SmallIs16919022

@hdschellenger

@jhurlz5

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@johnhal34371841

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@2653_gladis

@MoxieMils

@autocar

@almightylexie

@H_alwad3ani

@RobertZeltinsh

@GHLumsden

@HowToBBQRight

@Haru_nonfic

@Youngstown_Bob

@HistoryLegends_

Fahd Ananta

@fahdananta

3 years

Always remember how badly you once wanted what you already have right now

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Fahd Ananta

@fahdananta

2 years

Taken 30 mins apart

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Fahd Ananta

@fahdananta

3 years

Jay Z works at Square, Dr Dre works at Apple, Nas is one of the best VCs in the world

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Fahd Ananta

@fahdananta

2 years

How to sabotage a workplace by the CIA sounds similar to a lot of company culture manuals today

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Fahd Ananta

@fahdananta

12 days

Canada, where we only retain ppl that want to make less than 200K for life Where you should never dream big

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Fahd Ananta

@fahdananta

2 years

Airbnb services fees competing against eth gas fees

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Fahd Ananta

@fahdananta

10 months

Gotta admit the way Zuck just copies what works and drops a billion users on it is super gangster

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Fahd Ananta

@fahdananta

3 years

The next FAANG will be SSSSS for Square, Shopify, Stripe, Spotify, SpaceX

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Fahd Ananta

@fahdananta

1 year

When I was 23 i got a job consulting at McKinsey, felt so cool because I got to travel all the time, live out of hotels, etc A decade later, that sounds like a nightmare. Legit hate traveling for work and try to fly back same day so I can sleep in my bed

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Fahd Ananta

@fahdananta

2 months

Product Manager when someone asks a technical question

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Fahd Ananta

@fahdananta

2 years

Elon couldve bought Lyft instead of Twitter and have an existing rideshare marketplace to lease model 3s to the drivers (and introduce robotaxis over time)

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Fahd Ananta

@fahdananta

2 years

New workspace

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Fahd Ananta

@fahdananta

2 years

Everything has 3 costs: 1. Upfront cost 2. Opportunity cost 3. Maintenance cost This applies for material and non-material objects. We tend to focus in 1, sometimes consider 2, and rarely think about 3.

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Fahd Ananta

@fahdananta

3 years

There are 3 types of angel investors: 1. Sends wire, never speaks again voluntarily 2. Replies "awesome!" to every monthly update 3. Emails you with "have you seen this?" and link to every competitor that raises a single dollar

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Fahd Ananta

@fahdananta

2 years

Friend just signed for a 1.5M mortgage, pays 75K a year in just interest (5% APR) So he's paying his annual salary (post-tax) in interest. And it's higher than median household income in Toronto

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Fahd Ananta

@fahdananta

2 years

My first job ever in investing is running this fund Plz send positive vibes

Roach Capital closes $6.4 million CAD for first fund from prominent VCs, Shopify execs

Led by former Shopify product lead and entrepreneur-turned-investor Fahd Ananta, Toronto-based Roach Capital has closed about $6.4 million CAD to invest in early-stage internet businesses.

betakit.com

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Fahd Ananta

@fahdananta

3 years

If you grew up poor and eventually "made it", there are still 2 aspects that don't really get resolved 1. People will depend on you so it's harder to compound 2. The people closest to you still have a scarcity mindset so every risk you take is seen as too risky

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Fahd Ananta

@fahdananta

3 years

2.5M house in Toronto vs LA...

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Fahd Ananta

@fahdananta

12 days

The average Canadian midwit: - Still taking covid vaccines - Healthcare is excellent here - Earning a median salary of $42K a year (30K USD) - Kids are being indoctrinated at school - Competing against 2K ppl for a entry level job - Vacation to a 3.5 star resort once a year

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Fahd Ananta

@fahdananta

2 years

I met a guy, raised 1.5M on pre-idea (pre pre seed), now raising again at 3x cap with the idea ???

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Fahd Ananta

@fahdananta

4 years

It’s a strange time to share personal news. In a turn of events, I am now employed. I’m joining @Snap to help build commerce into the ecosystem. Will still continue to make angel investments and work on experiments.

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Fahd Ananta

@fahdananta

1 month

Marissa Mayer is the perfect example of a corporate success that got rich af but now conflating that with ability to build startups from scratch Success in a big company is different than success building from scratch, almost no overlap in skills

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Fahd Ananta

@fahdananta

3 years

HBO's silicon valley wasn't a parody, just ahead of it's time

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Fahd Ananta

@fahdananta

3 years

Unreal sunset, unedited pics (except whatever the iphone does automatically)

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Fahd Ananta

@fahdananta

3 years

A funny observation from founders I work with: Investors investing $10K do more diligence than investors investing $1M

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Fahd Ananta

@fahdananta

4 months

I wish there was a mens wellness place that had all of these things for a membership: - bloodwork, VO2 Max - dexa scans - nutritionists, athletic trainers - massage - recovery like normatec, ice baths, cupping, etc - TRT, IV drips, and other supplements Does this exist?

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Fahd Ananta

@fahdananta

3 years

I've been buying Ethereum daily over the last few weeks Bank fraud dept called me and asked where I keep transferring money I told them "the future"

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Fahd Ananta

@fahdananta

4 years

I'm planning to create a series of short videos on product management. They'll be 5-7 mins, each covering a single topic with an example and some visual models. It'll be free on YouTube. What else should I add to this outline. Here's what I have so far:

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Fahd Ananta

@fahdananta

2 years

If Coinbase can rescind offers, would they be okay if candidate accepted an offer and backed out at the last min

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Fahd Ananta

@fahdananta

2 years

Good early stage founders look unsuccessful for a long time Bad early stage founders look successful before doing the work

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Fahd Ananta

@fahdananta

3 years

A mini thread on the Mimetic Theory, Peter Thiel, and taking asymmetric risks. First, let's understand the Mimetic Theory. It's a fancy way of saying we want things because other people want them. Here's how it applies to the way we make decisions:

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Fahd Ananta

@fahdananta

4 months

90% of all PM jobs in tech are fake Take full ownership of a product and make good decisions and you'll be in the top 10% All these checklists of tasks that we're taught are tactics, not strategy Source: I was a PM at Shopify, Snapchat, etc.

ridwan

@themoridwan

4 months

Shocked that these are considered 🌶️ takes. State of Product Management is in shits.

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Fahd Ananta

@fahdananta

2 years

Apparently they also use the heloc to buy a car... Fam this is the definition of over leveraged

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Fahd Ananta

@fahdananta

12 days

Honestly, if you're a grifter Canada is an excellent place to live

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Fahd Ananta

@fahdananta

2 years

What are modern day scams that we’re all acclimated to? For example is there any real basis to preventative wisdom tooth removal

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Fahd Ananta

@fahdananta

2 years

This guy founded and sold 4 companies, is mega caked, and still grinding out here 630pm on a Thurs

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Fahd Ananta

@fahdananta

3 years

The most thoughtful people I know think in probabilities while everyone else is thinking in absolutes Every decision or outcome has a probability tied to it

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Fahd Ananta

@fahdananta

2 years

One final small announcement before I sign off for the year: I wanted to grow @RoachCap so we raised a ~$5M fund for investing in early stage companies This is the first time I've brought on outside LPs and will be Roach Capital Fund I.

Fahd Ananta

@fahdananta

2 years

We will have a special announcement for Roach Capital before the end of the year.

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Fahd Ananta

@fahdananta

4 years

My path as a PM: - McDs cashier @ 21 ($9.75/hr) - PM intern @ 22 ($4.5K/mo) - Math tutor @ 23 ($25/hr) - Sold first co @ 24 (Got the 💰) - First PM job @ 26 ($100K) - Shopify PM @ 27 (📈) - Snap PM @ 31 No such thing as timeline for life. Your journey is defined by only you.

nader dabit

@dabit3

4 years

My path as a developer: - HS dropout @ 17 - College dropout @ 19 - Started coding @ 29 - Fired from first job @ 30 - Landed $60k job @ 33 - Told $80k was too high @ 34 - Landed $120k consulting contract @ 36 - $400k as independent consultant @ 37 - Doing cool shit at FAANG @ 39

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Fahd Ananta

@fahdananta

3 years

Pick your commerce leader Shopify will become Amazon faster than Amazon can become Shopify

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Fahd Ananta

@fahdananta

5 months

The last while I've been off twitter My dad had a stroke and my mom has cancer. Very unexpected. That's been consuming all my time and energy. I needed to step away from everything to focus on my family. It's been a painful experience. Love you all ❤️

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Fahd Ananta

@fahdananta

3 years

Since sharing is caring, a lot of ppl also don't know this but it took me 12 years to finish school I started in 2006 and graduated in 2018 while I was working at Shopify. Everyone has their own timeline, nothing else matters (I did not pay for the grad photos)

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Fahd Ananta

@fahdananta

12 days

@gmarkham That's only federal, nice try

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Fahd Ananta

@fahdananta

10 months

After 7 years of angel investing, finally getting these juicy distributions

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Fahd Ananta

@fahdananta

2 years

In summary: 1. Form over function 2. Talk a lot 3. More research, decision by committee, involve lots of ppl 4. Irrelevant issues 5. Focus on semantics 6. Reopen past decisions 7. Avoid urgency 8. Escalate and defer decisions

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Fahd Ananta

@fahdananta

4 years

Largest company in Canada is still a bank, just Shopify instead of RBC now

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Fahd Ananta

@fahdananta

2 years

Why do companies interview software engineers like they’re going to reinvent PageRank when their actual job is stuff like improve scrolling on gallery view

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Fahd Ananta

@fahdananta

3 years

A lot of people ask me how to ace PM interviews, here's the actual secret. Say these phrases repeatedly during the interview: 1. Framework 2. Mental model 3. Thinking from first principles 4. Look at the data and talk to users 5. Build versus buy

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Fahd Ananta

@fahdananta

3 years

People are having a hard time adjusting back to normal life after being in lockdown for a year Imagine going to prison and trying to re-enter society

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Fahd Ananta

@fahdananta

2 years

Anyone with multiple locations in their bio live in the less impressive one 99% of the year

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Fahd Ananta

@fahdananta

3 years

Is there anyone more relentless than the PM that works on YouTube Premium

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Fahd Ananta

@fahdananta

9 months

I feel like a big reason of Shopify’s early success was hiring former founders and builders and then giving them an ambitious mission Companies today are almost afraid to hire founders and default to hiring career NPCs

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Fahd Ananta

@fahdananta

4 years

If you wanted to be an angel investor, you can be an investor in Uber today at their 2015 private valuation

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Fahd Ananta

@fahdananta

2 years

Made two pretty big decisions this past weekend that I think will change the course of my life going forward: 1. Moving 2. Working with ppl I admire to start another company Will share more in the next few weeks but I'm really excited

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Fahd Ananta

@fahdananta

3 years

In startups (and in life), it’s never too late to pivot unless the game is over

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Fahd Ananta

@fahdananta

2 years

Used Turo once and now this guy msgs me daily shilling his others cars, his IG, and financial advice

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Fahd Ananta

@fahdananta

1 year

What are the best rap lines that also apply to business and entrepreneurship

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Fahd Ananta

@fahdananta

2 years

You have the rest of this year to make 1M and you start with 25K. How would you do it? Caveats: must be legal and liquid. (If there's a legit dope answer I will fund it)

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Fahd Ananta

@fahdananta

3 months

This pay transparency thing on job postings is crazy The same role will be 250K USD in LA/NYC/SF and then 140K CAD in Canada

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Fahd Ananta

@fahdananta

3 years

My tile guy bought 2 warehouses in Toronto in 2008. He sold both lots last week for $11M, more than the enterprise value of his 40 year old tile biz Asked me if I wanted to buy all his inventory, he’s said “i’m done paying for every else’s pension”

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Fahd Ananta

@fahdananta

2 years

They got fleeced

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Fahd Ananta

@fahdananta

1 year

How come everytime someone leaves a job now they put this 4 page report out on LinkedIn What is the purpose of this

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Fahd Ananta

@fahdananta

5 years

I left my job 8 weeks ago. Here's what I've missed the most: 1. Routine and structure without having to define it myself 2. Social aspect of teams 3. Working towards an ambitious goal with lots of smart ppl 4. Lunch and snacks 5. Printer

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Fahd Ananta

@fahdananta

3 years

@_ram_ @marketplunger1 Is data night like date night except with spreadsheets?

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Fahd Ananta

@fahdananta

2 years

One benefit of startups raising capital from small, new funds is that they will try to outwork everyone else on your cap table

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Fahd Ananta

@fahdananta

3 years

For anyone that's moved to a new city later in life, how do you make friends if you don't know many ppl there?

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Fahd Ananta

@fahdananta

1 year

Traveling for work isn't cool. You know whats cool? People traveling to you.

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Fahd Ananta

@fahdananta

3 years

I made my first angel investment in Jan 2019. Now, 2.5 years later, some data points: - Deployed ~$500K across 20 startups - First unicorn from seed - 4x-ed invested capital (on paper) - 1 co shut down I'm the only capital in @RoachCap for now. That will change soon.

Fahd Ananta

@fahdananta

3 years

A few ppl asked me how I started angel investing To date, I’ve invested in 15 startups alongside investors like PG, Founders Fund, Accel, Bessemer, Tribe, Joi Ito, etc. For some background, from 2010 to 2019, I just spent building, learning, and always choosing adventure.

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Fahd Ananta

@fahdananta

3 years

If you're an angel investor in Canada or actively invest in Canadian startups, please fill out this form. I will add your name to "The Google Sheet of Canadian Angels" and to a mailing list to see upcoming companies. (Plz share with angel friends)

Angel Investors in Canada

Hey, I'm Fahd Ananta. I'm compiling a list of angel investors in Canada or want to invest in Canadian companies. Depending on your preference, I will add you to a public spreadsheet available to...

docs.google.com

Farhan Thawar

@fnthawar

3 years

@ericwdolan @araghougassian @fahdananta @Alex_Danco @nachkari @mimurchison I liked @Alex_Danco ’s post and don’t think it’s ever destructive to call out *opinionated* sub-optimal behaviour What I wish I saw more of from this group was ways to reduce friction for 🇨🇦 angels: * angel list syndicate * SPV * mailing list * new fund * Google spreadsheet 🤷🏽‍♂️

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Fahd Ananta

@fahdananta

3 years

Look in 2013 we had dinner with Dharmesh and sold our company to HubSpot In 2016 I started working at Shopify and got to know Tobi Now they're both billionaires... draw the conclusions yourself

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Fahd Ananta

@fahdananta

2 years

Unsure if this is controversial but I think the USA is truly one of the best places in the world to live Canada has its pockets if you’re rich otherwise not even in the same tier

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Fahd Ananta

@fahdananta

2 years

Okay, I have an idea. A YouTube/podcast series focused on Canadian excellence and success stories. Mainly tech, business, and investing. Need someone to run it, build brand, market it, etc. I will help you get interviews and fund it. DM me if you can do it

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Fahd Ananta

@fahdananta

2 years

In 2010 I was working here flipping burgers

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Fahd Ananta

@fahdananta

2 years

What business is highly unlikely to be disrupted in 10 years?

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Fahd Ananta

@fahdananta

9 months

Toronto ppl too deep into influencer culture, whole city feels like walking through an IG ad just gotta not idolize other ppl and focus on yourself

NBACentral

@TheDunkCentral

9 months

People are lining up to watch LeBron eat 😂

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Fahd Ananta

@fahdananta

4 years

Next time you go to a party and meet new people, try talking to them without asking what they do for a living I have some friends that I have no clue what they do. I love it this way.

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Fahd Ananta

@fahdananta

2 years

this sets a precedent to have no loyalty or ethics, candidates can just accept all their offers and decide before start date

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Fahd Ananta

@fahdananta

1 year

The worst thing in the world isn’t being at the bottom. It’s getting to the top, not taking advantage of it and then being back at the bottom.

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Fahd Ananta

@fahdananta

3 years

The best thing you can do early in life is to have a very low personal burn cost Low personal burn lets you have more flexibility to take risks at a lower cost Ex. Buying an expensive car with debt after your first job restricts your freedom. Car owns you

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Fahd Ananta

@fahdananta

3 years

Just closed on a loft style rental property in Toronto. I’m doing the renos myself. Next few weeks will be live streaming myself and sharing before/after pics

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Fahd Ananta

@fahdananta

2 months

Going to be the universally sickest space this city has ever seen. Building a lab for people that are ready to be top 5% in the world at their craft or die trying Keep shooting Vin

internetVin

@internetvin

2 months

there's new momentum in toronto, but now every second that goes by without key spaces being formed on both ends of the city is a dilution of that momentum

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Fahd Ananta

@fahdananta

2 years

Uber driver this morning telling me how easy it is to buy homes and refi Said he’s up 400K on his house and refinanced to buy a condo…

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Fahd Ananta

@fahdananta

11 days

Back in 2011, this was the Canadian startup scene. Was not obvious that Shopify would be what it is today.

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Fahd Ananta

@fahdananta

3 years

I bought .05% of a publicly traded small cap today

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Fahd Ananta

@fahdananta

4 years

What's the fastest way to make $25K from scratch? Asking on behalf of a friend ( @nachkari ) Ideas we've had: - Amazon Flex/UberEats courier, use earnings to buy options - Pre-sales on a shopify store - Freelance consulting

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Fahd Ananta

@fahdananta

3 years

A friend of mine is going through a really rough patch of life the past few years and is still very stoic about it all. I don't have anything to share on it, just breaks my heart. Stay well folks and remember everyone has their battles going on behind the scenes.

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Fahd Ananta

@fahdananta

2 years

iPhone camera is pretty great

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Fahd Ananta

@fahdananta

2 years

Too many people that are successful give themselves too much credit Too many people that are still hustling don’t give themselves enough credit

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Fahd Ananta

@fahdananta

3 years

For any Apple or Square folks, are these guys on the company slack?

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Fahd Ananta

@fahdananta

2 years

I feel like in Canada there isn't enough FOMO because people haven't seen what excellence looks like Most ppl don't hear their friends at parties making millions from starting a biz or working somewhere. (Excellence does exist, they're just very silent about it)

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Fahd Ananta

@fahdananta

3 years

The demo day pitch vs the core business

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Fahd Ananta

@fahdananta

3 years

The worst advice I ever got from a past manager at Shopify is to stop saying “I think...” I start many thoughts with “I think” because how can you be so certain? I worry about how leaders like that can transform the culture

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Fahd Ananta

@fahdananta

3 years

Normalize telling people you love them and complimenting each other

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Fahd Ananta

@fahdananta

3 years

Today the largest banks in Canada are RBC, TD, CIBC, and BMO By the end of the decade, it'll be Wealthsimple and Shakepay

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Fahd Ananta

@fahdananta

3 years

We’re worried about robots taking away jobs Instead, we should worry that humans are working like robots today

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Fahd Ananta

@fahdananta

3 years

Looking back on the last ~3 yrs of investing at @RoachCap and this is where the fund stands according to AngelList data "Fund 0" (Personal capital) 25 investments TVPI 4.22, IRR 62%, DPI 0 I'm excited to keep learning and growing as an investor. DM me for any questions.

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Fahd Ananta

@fahdananta

2 years

Web3 is great but not every company has to pivot to web3 Still tremendous opportunity in boring old SaaS, marketplaces, etc.

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Fahd Ananta

@fahdananta

3 years

Controversial opinion: Americans are nicer and friendlier than Canadians. Canadians are more polite. When I’m in the US everyone says hi, gm, etc.

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Fahd Ananta

@fahdananta

3 years

love my parents and support them. The 2nd point is just emotionally taxing tho so there's a big part of me (making decisions) that i just have to keep as a black box with family

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