Fahd Ananta
@fahdananta
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@Opendoor, Roach Capital
Joined March 2009
My first ever job was unloading boxes off trucks at a store called Winners
@fahdananta What was your first job?
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I asked Bibi Netanyahu—the Jewish head of a Jewish state—to comment on the most famous Jew of all time, Jesus Christ.
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Everyone has a personal monopoly of their unique intersection of skills and experiences Do interesting things to grow that monopoly and then use that monopoly to make money, repeat
@fahdananta How would you become financially independent starting from zero today?
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Only speaking for myself, as much as possible When young, can go to 0 many times. When older, don’t get decimated but otherwise risk on
@fahdananta What's your definition of risk and how much should you take?
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Honestly it’s wherever I go with friends and laugh the most Recently in Toronto that’s been Giulia and SF was Golden Boy
@fahdananta Best meal in Toronto Best meal in sf
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My view of it has changed. I believe the returns will accrue to the top firms and everyone else is fighting for scraps and lottery tickets So much can be done on so little. If you’re a technical team, no reason to raise capital unless you’re scaling growth or buying hardware
@fahdananta Do you believe venture capital has changed must in the past three years? If so, do you believe these changes have been good or bad?
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We tried to build an AI email assistant, almost raised money, had term sheets etc but ultimately had a number of reasons why we didn’t follow through and killed it Personal stuff, risk/reward, unique competitive advantage, etc. Fun product to hack on, uncertain if great venture
@fahdananta what happened to sherpa!
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Work hard and be patient with yourself
@fahdananta What advice would you give your 12 year old self?
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I don’t much anymore but when I did was always Halo 3 or NBA 2K
@fahdananta Do you play video games? What's your favorite?
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Hahaha i have to take the rooster and just walk everywhere, orangutan gonna stab me for sure
@fahdananta Alright let’s have some fun here. You have to choose - Every time you get into a vehicle, you have to fight a pissed off rooster. Or, 1 time a month, at random, with only a 45 second warning, you have to fight a pissed off Orangutan that has a sword. 1 year duration. Go.
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Currently
@fahdananta What’s the most fun you’ve ever had in a 12-month period professionally?
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We have to pick a different angle of attack, perhaps shawarmas or indian food
@fahdananta Can the east end catch up to west end specifically re: the tacos situation
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Man. Basically all the cliches make sense The biggest lesson is you will learn more about yourself from your kid and often I wonder who is teaching who. I am teaching them life skills and they are teaching me the philosophy of life
@fahdananta Biggest lesson so far as a dad?
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I don’t know if they’re unknown but a lot of my thinking has been influenced by these people: Brandon Chu Satish Kanwar Alex Danco Dennis Hong Nick Achkarian DCFGod Cliff Sosin
@fahdananta What relatively unknown investor do you look up to?
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Honestly, I dont know. I think everyone should spend some time after graduating in SF though It’s a beautiful city and high talent density, lots to learn and a very unique experience
@fahdananta sf or yyz?
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Let’s try an AMA. Have some free time tonight, back in Canada, kids asleep, wife went to dinner Will try to answer anything except stuff related to my current job at Opendoor
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The team we build is the company we build…
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It’s good to be writing again. This is a topic I’ve been thinking about for almost 3 years: why “Prediction” is THE meta-idea of the AI century. It is what comes after postmodernism, and we’d better understand it.
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If everyone thinks risk is too high, you don’t need to believe risk is low, you just have to believe it’s lower than they think
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