Dragonfly Capital Partner Responds to Criticism of Venture Capital in Crypto

According to BlockBeats, Dragonfly Capital's managing partner, Haseeb Qureshi, addressed comments on social media regarding the perceived failure of venture capital in the current crypto market. Qureshi, who has been involved in the cryptocurrency venture capital sector for nearly eight years, dismissed these criticisms as clichéd. He recalled the challenging fundraising environment of 2018 and 2019, where sentiments like 'no one is buying these tokens' and 'this industry offers no returns' were prevalent. Qureshi challenged critics to back their claims with financial actions, suggesting that the true outcome will be evident in three years.