How to Become a VC with Haseeb Qureshi | Layer Zero

First, Haseeb Qureshi was a Texas Hold’em poker player. Then Haseeb learned how to code and worked as a software engineer for Airbnb. He went down the crypto rabbithole and is now the managing partner at Dragonfly Capital, as well as an accomplished writer and coder.

When Haseeb has come on the podcast previously, we covered theses and mental models. Today on Layer Zero, we explore the dynamics of being a venture capitalist in Web3. How does one find a path to becoming a VC?

We dive into what to look for in an internal team and external portfolio companies, as well as proper form for selling investments in a credible and honorable way. Haseeb’s long term approach to Web3 is salient as always, and this episode is must-listen if you are interested in becoming a crypto VC.

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Topics Covered:

0:00 Intro
4:30 Extremely Bullish and Bearish
9:04 Play-to-Earn Gaming
14:00 Poker & Venture Capital
17:15 Positive Sum Games
20:20 How to Add Value
26:22 How to be a Good Investor
32:09 Haseeb’s Pitch to Founders
34:22 How to Sell Tokens
39:45 Fad or Generational Wealth?
45:08 Near Protocols and Alt-L1s
50:00 VCs vs Retail
57:30 How to Take Responsibility
1:02:44 Airdrops
1:09:04 Fulfilling Web3’s Promises

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Resources:

Haseeb on Twitter
https://twitter.com/hosseeb?s=20
Dragonfly Capital
https://www.dcp.capital/
Bankless Podcast 103 with Haseeb
https://shows.banklesshq.com/p/-103-blockchains-are-cities-haseeb
“Blockchains are Cities”
https://medium.com/dragonfly-research/blockchains-are-cities-564327013f86
“Why Decentralization Isn’t As Important As You Think”
https://haseebq.com/why-decentralization-isnt-as-important-as-you-think/
“I’m Worried No One Will Care About Rollups”
https://medium.com/dragonfly-research/im-worried-nobody-will-care-about-rollups-554bc743d4f1

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures