BlockBeats News, February 27th, Dragonfly Capital founder Bo Feng wrote on X, stating: "I don’t usually tweet much, but this time I want to clarify some facts. When Dragonfly was first founded, it was a mother fund. Through this business, I met many very talented venture capitalists. Among all these people, Haseeb is undoubtedly the most shining star, so I invited him to join me in co-founding our venture capital business. Over the years, as the world's first internationally-focused pure play crypto venture capital institution, we have continuously explored and written our own methodology through three to four rounds of bull-bear cycles."
"I have been in venture capital for many years. In my thirty-year venture capital career, Haseeb has built one of the best partner teams I have ever experienced. In our partnership system, I am mainly responsible for CeFi and global exchange platform business; Tom Schmidt is one of the best DeFi and consumer sector investors of our generation; Rob Hadick is one of the most active and influential stablecoin and fintech investors in the industry; and Haseeb is undoubtedly our leader. Being able to co-found our venture capital business with Haseeb has been an extremely valuable experience. I also look forward to many more years of collaboration in the future."
Earlier, Dragonfly managing partner Haseeb Qureshi and former co-founder Alexander Pack (now co-founder of Hack VC) recently engaged in a public dispute on social media, with the controversy focusing on Dragonfly's early positioning, whether it had operated as a mother fund, and the company's branding and transactional leadership capabilities in its early days. This dispute surrounding historical narratives and credit attribution also reflects the reality of intensified competition and personal reputation games in the crypto venture capital industry.
