News Summary

Fahd Ananta, formerly a product manager at Shopify and founder of Roach Capital, has joined Opendoor, a San Francisco-based real estate tech firm, where he will lead the buyer side. Ananta follows Kaz Nejatian, former Shopify COO, who recently became CEO of Opendoor. Ananta, who described this move as the biggest bet of his life, will not permanently relocate from Toronto to San Francisco at this time. His venture capital firm, Roach Capital, has fully deployed its fund, and Ananta plans to focus on his new role at Opendoor, which has seen its share price surge significantly this year.