Dragonfly Partner Haseeb: 13 Harsh Truths About Starting a VC That No One Will Tell You
Author: Haseeb, Managing Partner at Dragonfly
Translation: Peggy, BlockBeats
Editor's Note: Amid the recurring cycle of "Crypto is Dead" proclamations, author Haseeb Qureshi (Managing Partner at Dragonfly) shares his personal experience, reviewing the process of a crypto VC from inception to scale, discussing fundraising, positioning, winning deals, post-investment support, and team building.
This article dissects the operational logic of VC from a practical perspective: within a structure where returns follow a power-law distribution, how to understand "non-consensus judgment," how to view hit rate and heavy allocation strategies, why "winning deals" is more critical than "picking the right projects," and why this is a business that requires long-term patience.
For those wanting to understand how VC operates, this is a straightforward and concrete experience sharing.