Crypto Assets Investment Experts Discuss the Path to Success

Haseeb Qureshi, managing partner of the global top Crypto Assets investment fund Dragonfly, recently gave an interview sharing his legendary journey from a professional poker player to a top Crypto Assets investor, as well as how to establish a lasting impact in this rapidly evolving industry.

Personal Background

Haseeb's career has been quite dramatic: starting as a professional poker player, transitioning to a software engineer, then becoming an entrepreneur, and finally entering the VC industry for over six years. Among all his professional experiences, investing in Crypto Assets has been the most challenging, but also the most valuable and meaningful choice.

At the age of 23, Haseeb made a radical decision: he kept only $10,000 for basic living expenses, while donating the rest or giving it to his parents as retirement funds. This decision gave him a new perspective. He realized that what truly brings satisfaction is learning new knowledge, achieving personal growth, and establishing genuine connections with the people around him.

Similarities and Differences Between Poker and VC

The most essential difference between venture capital and poker lies in the length of the feedback cycle. The correctness of poker decisions can be verified in a very short period of time, while venture capital often requires waiting six to seven years to truly clarify.

Venture capital is more like a marathon, testing the spirit of long-termism and the ability to create value continuously. This gradual growth process makes venture capital work particularly meaningful.

Investment Judgment

In the field of venture capital, judgment of people is often more critical than analysis of business models. Haseeb emphasizes the importance of learning to trust your intuition. The key is to see through superficial social validation and to perceive a person's essential characteristics, considering the choices they might make when facing pressure, uncertainty, and moral dilemmas.

Some Thoughts

Structured Learning

Haseeb believes that learning can be divided into two types: structured and unstructured. Structured learning has clear learning paths and tool support, while unstructured learning is often the most valuable and yields the highest market returns. Those who can master unstructured learning tend to receive the highest rewards, which is precisely what school education has not taught us.

Money can't buy happiness

Haseeb believes that people's happiness comes more from personal progress, growth, and connections with others - friends, family, and interpersonal relationships. This may sound like a cliché, but it is true.

Effective Altruism

Haseeb believes that it is now a "bear market" for effective altruism (EA), which is somewhat healthy. When EA is "cool", people's motivations for joining are questioned. But now those who call themselves EA are instead being questioned, which can test people's true beliefs in these ideas.

Views on Crypto Assets

Haseeb believes that the core of Crypto Assets is a philosophy. It raises a fundamental question: should the flow of value and funds be governed by individual freedom, or should it be controlled by the state?

He pointed out that Crypto Assets may be the only significant technological innovation in the past 50 years that truly serves individuals rather than nations.

The Key to Success

Haseeb shared two key principles for success in the Crypto Assets field:

1. Improve technical understanding.
2. Start public writing and sharing.

He emphasized that nearly all important Crypto Assets projects are created by industry natives, rather than by elites from Google or Harvard.

The Development Curve of Influence

Haseeb pointed out that social media attention should not be used to judge influence. The relationship between fan growth and influence is nonlinear. The real way to build influence is to create value for the industry, help founders solve problems, do meaningful things behind the scenes, and provide value in every interaction.

Experience and Reflections of VC

Haseeb believes that VC drives the success of teams by discovering outstanding talents and providing necessary support. The success of VC is entirely dependent on the success of the entrepreneurial team, and this close interest connection transforms the original "single-player game" into a "multiplayer game."

Future Outlook

Looking ahead, Haseeb believes that the market direction will largely depend on the Federal Reserve's policy moves. He expects the growth trend in the next two to three years to be more rational, but he remains cautiously optimistic about the Crypto Assets market overall.