This Week in Startups From PM to GP: Roach Capital's Fahd Ananta | Angel S6 E6 + OK Boomer: Dive Chat | E1390
Feb 19, 2022
Fahd Ananta, General Partner at Roach Capital, shares his journey from SaaS founder to venture capitalist and discusses his investment strategy focused on resilient 'roach founders.' He highlights the challenges Canadian entrepreneurs face in securing capital and the importance of networking in his career. In a separate chat, John Herrick, Founder and CTO of Dive Chat, introduces his messaging app tailored for Gen Z, emphasizing innovative community engagement and the app's potential to enhance event planning for young users.
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Angel Investing Beginnings
- Fahd Ananta started angel investing with small checks while working at Shopify, unsure of the process at first.
- His early investments performed well, including one unicorn, giving him confidence and leading him to learn more about the asset class.
Angel Investing vs. MBA
- Angel investing can provide as much learning as an MBA, at a fraction of the cost, by working with founders.
- Early success can create a positive feedback loop, leading to increased motivation and better access to deals.
From Angel to Fund Manager
- Fahd's Shopify connections, who became potential LPs, sparked his interest in starting a fund.
- He spent a year researching various fund types and building relationships before formalizing his fund idea.