The 'kumbaya' era of crypto VC has come to an end, says Dragonfly's Haseeb Qureshi

Deals • April 2, 2024, 12:23PM EDT

Published 1 minute earlier on

Quick Take

Dragonfly’s Haseeb Qureshi explains how the crypto VC landscape is becoming increasingly competitive.

Episode 16 of Season 6 of The Scoop was recorded with The Block's Frank Chaparro and Dragonfly managing partner, Haseeb Qureshi.

Listen below, and subscribe to The Scoop on YouTube, Apple, Spotify, Google Podcasts, Stitcher, or wherever you listen to podcasts. Please send feedback and revision requests to [email protected].

Haseeb Qureshi is a managing partner at the crypto VC firm Dragonfly.

In this episode of The Scoop, Qureshi explains how the crypto VC landscape has changed during his five years at Dragonfly and why he believes 'points' are a more useful mechanism than airdrops for incentivizing user behavior.

OUTLINE
00:00 Introduction
05:41 Dragonfly Early Days
09:45 Early Crypto VC
13:14 Competing in Layer-1s
26:11 Old Blockchains
29:26 Points
31:47 Airdrop Mechanism Design
37:38 Closing Thoughts

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

About Author

Davis Quinton is the Director of Podcasts at The Block and runs our flagship podcast called The Scoop, hosted by Frank Chaparro. Since joining The Block as an 'intern' in early 2022, he has worked closely with leaders across departments to translate The Block's written content into engaging multimedia formats. He holds a degree in Social Research & Public Policy from New York University in Abu Dhabi and is based in Sydney, Australia.