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BTC $64,357.78 +1.91%
ETH $1,908.37 +1.20%
BNB $604.97 -0.01%
XRP $0.9997 -0.16%
SOL $75.81 +0.73%
TRX $0.3309 -0.23%
DOGE $0.0702 +0.40%
ADA $0.1741 -2.49%
BCH $204.34 +0.33%
LINK $9.47 +0.46%
HYPE $58.93 +1.91%
AAVE $87.94 +1.23%
SUI $0.6758 -0.14%
XLM $0.1579 +0.22%
ZEC $515.79 +4.84%

Dragonfly Managing Partner: I missed the seed round investment in Solana, which is the worst investment mistake in history

2025-03-18 08:34:02

ChainCatcher news, Dragonfly managing partner Haseeb Qureshi posted on X platform: "I missed the seed round investment in Solana at $0.04 in early 2018, which, at the current price, amounts to a 3250x return. Solana was one of the first projects I encountered as a junior venture capitalist, and at that time, I wrote memos for every missed trade. Now, rereading that memo, it’s simply the most embarrassing moment of being a junior VC. We were obsessed with 'Ethereum killers', consensus protocols, and what would replace EVM/eWASM. So, here is the unedited version (i.e., the memo I wrote) ------ the worst investment mistake of all time."

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