Bankless How to Become a VC with Haseeb Qureshi | Layer Zero
34 snips
Mar 22, 2022 
Haseeb Qureshi, managing partner at Dragonfly Capital, shares his unique journey from poker player to Web3 venture capitalist. He discusses the challenges of seed investment in gaming and the cyclical nature of crypto trends. Haseeb emphasizes the importance of building strong relationships and adjusting to market dynamics for successful investing. He also delves into the growth of Ethereum's Layer 2 ecosystem and the significance of timing in crypto ventures, offering insights into how aspiring VCs can navigate this ever-evolving landscape.
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Crypto Market Trends
- Haseeb Qureshi feels confident about crypto fundamentals despite narrative exhaustion.
- He observes a decrease in metaverse pitches and an increase in DAO infrastructure, but fewer novel ideas.
Play-to-Earn Gaming Sustainability
- Haseeb Qureshi is bearish on the current generation of play-to-earn gaming.
- He believes fun is crucial for game longevity, which Axie Infinity lacks.
Venture Capital vs. Poker/Trading
- Venture capital, unlike poker or trading, is relationship-driven and iterative.
- Building a strong brand and network is crucial for long-term success in venture capital.