Jawwad Farid Profile picture
Jul 8, 2020 11 tweets 6 min read Read on X
1/ Founder Puzzles. Cover stories. Part V. Karachi.

Two frames this time for the city and people I love.

At the very start, I thought one would have to run away from home to build #startups that change the world.

Too much baggage, too much history. Perhaps a fresh start? ImageImage
2/ When I came back 10 years later I realized that despite challenges, despite shadows, home is where you will make it work.

People you grew up, your family, your network, random strangers - everyone opens doors for you.

Because they want to. Not because they have to.
3/ I am here today because many held out their hands when I was down and needed help. Again and again.

Early days when I would forget bus fare for school at home and a kind soul would pay it.

Friends who would worry and check in if I would disappear from their lives.
4/ I remember an icon in the financial world ripping into someone because they made fun of my work in his office, right at the very start.

"He is trying. When was the last time you did that."

I didn't understand his anger but I knew the feeling.

Someone had my back.
5/ A client calling me in to make sure I raised the invoice in time so that the check would clear before payroll was due for the month.

Another making connections, opening doors, closing deals because he felt I needed the wins.

A third telling me I was charging too less.
6/ These were random strangers. I met them professionally. My calling card was my work. They wanted the world to see it.

They didn't owe anything to me or to my family. They never asked anything in return.

They were paying it forward.
7/ We all dream of opportunities outside our boundaries.

We dream of travel. Of making it to the cover of pages that matter.

Of donating millions to our alma mater so that they can move the campus back to civilization from bhains colony

Of changing millions of lives.
8/ Start by changing one. Here at home.

Start with now. With what you have. With what you can.

Your path may be different. And so would be your mileage.

But we are all going to end up back here. Not because we have to.

But because we would want to.
9/ Home is where the heart is.

I wasn't lucky or blessed. I was home.

Home where people bought from me because they felt the city needed the win.

Buy from young founders. Hold out your hand. Open doors. Show them the way. Pay it forward. Make them feel they have come home Image
10/ Founder Puzzles. Cover stories. Part V. Home is where the heart is.

@jehan_ara
@Ash_Kalim
@MaroofAliSyed
@TalhaIzhar
@alinawab
@kayzafar
@faizansiddiqi
@babushka99
@Huk06

#founders #startups #FounderPuzzles
11/ Cover stories. The context behind frames selected for book cover of Founder Puzzles, the guide to building better, leaner, meaner financial models for your startups.

No obligation, no commitment, cancel anytime, preorder link for Founder Puzzle => bit.ly/FounderPuzzles

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More from @rebootdude

Jan 31
Had two insightful chats with two fellow academics and educationists yesterday.

The topic? What is it that we need to change to improve state of higher education in universities we teach in.

Here is a quick summary / the cliff notes edition of the conversation.
The purpose of undergraduate education?

Help our students discover, explore, develop and acquire interests.

A more ambitious goal? To get comfortable with personal performance windows and envelopes.

What are you really capable of? What is it that you want to do? Who are you?
The "who are you" question has been a key question in my life.

Self awareness is a powerful personal attribute that simplifies decision making and goal setting.

Because once you have answered this, you can also answer where do you want to go and what do you want to do?
Read 22 tweets
Sep 19, 2023
SWIFT MT 103. Foreign Currency Wire Transfers.

A single customer credit transfer made on the SWIFT network.

The bane of remittance/ free lancer / tech founder challenge across banking sector in Pakistan. More so for small businesses / founders that receive sub $ 1,000 wires.
Once upon a time in a different life we wrote, ran and supported treasury systems that generated MT 103 messages for local banks.

Given how treasuries front / back offices are structured and how all $ payments are consolidated and cleared via NYC, workflow was simple.
Collect all outgoing payments, bundle them together into one balance for one market / relationship / target account.

Send a shorter message to primary US$ Nostro account targeted for out going transfers for one amount.

If there is a shortfall, move money around.
Read 21 tweets
Feb 28, 2023
If you work with risk, insurance, trading or pricing, loss distributions are a key concept.

Traditional or introductory statistics courses don't have time to do justice to them.

We took a deep dive with automobile claims data (80,000 rows) in the ADA course.
With insurance models we are interested in two key parameters.

a) Frequency - the likelihood or probability of a claim.
b) Severity - the size of a claim, when a claim occurs.

Loss distributions focus on b).

If a claim occurs how big or bad is it likely to be?
Actuarial teams use data analysis to identify common attributes across high severity claims.

A large majority of motor insurance claims are within pricing limits.

A small percentage are 25 - 50x larger.

If we could identify the profile, we could price/underwrite better risks.
Read 10 tweets
Nov 12, 2022
How do you encourage or foster creativity?

Cross pollination and collaboration of ideas from different worlds and backgrounds?

We learn more when we

a) Work with individuals and teams with different perspectives.

b) Remove crutches that we use without thinking about them.
How would you design a high fidelity prototype for a game without using technology or standard art?

You level the playing field in one stroke. No developer, artist or designer would have an edge.

Only creativity would rule.

Welcome to @ibakarachi @Mindstormstudio @RaptrGames
Open to all undergraduate and graduate programs in Karachi.

If you are:

a) Avid game player
b) Aspiring game designer
c) Care about creative expression
d) Curios about what make games playable, addictive, instant hits, or
e) Love real time community feedback
Read 5 tweets
Nov 11, 2022
Fun talk today by Dr. Alnoor Bhimani @ibakarachi on data as a product, monetizing data, qualitative insights, and decision making processes.

And what all of the above implies for business school education.
My favorite takeaway?

If the data is the new oil for the knowledge economy, and we produce a lot of it, how do we productize and monetize it as an economy.

If we don't, someone else will. No one had put it down or explained it this clearly.

Data is our new edge.
Dr. Bhimani also made me a convert to the NFT cause.

I don't think he realized what he did but he said something so profound and powerful that it finally connected the dots for me.

"We may not be willing to pay for art produced by an AI today, but one day we will."
Read 4 tweets
Nov 9, 2022
The most fun engagements in my senile years are ones where I pick a new skill, crack a difficult problem or learn stuff I didn't know before.

Easier to do this type of work when you run a small specialized shop without distractions of a large team.

Small shop. Large footprint.
2018-19.
IFRS 17.
Teaching Portfolio Optimization Models + Algorithms + Financial Modeling.

2019-20.
First and second half marathon.
Remote work + Zoom Cohort based live training.
Founder Puzzles. Product launch.

2020-21.
Surviving Covid + recovering.
Close call.
3rd half.
2021-22.
Context switching. Fixing my knee.
Growth and Economic Complexity.
Raising 6 at 18 post.
Scale multiples and idea selection framework.
The Pakistan dataset.
Ed-Tech and crypto deep dive.
Teaching Venture Capital + Fintech and Financial Innovation.
Shipping FP, 2nd Ed.
Read 4 tweets

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