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Dragonfly Partners and a former Lianchuang partner are publicly at odds, with each side offering conflicting accounts of the firm’s early history and control over investment decisions
Svmuu News: Dragonfly Managing Partner Haseeb Qureshi and former co-founder Alexander Pack (now co-founder of Hack VC) recently engaged in a public dispute on social media. Haseeb posted a reflection on his experience building the venture capital firm, stating that Dragonfly’s early brand and structure were not yet established, and that it was only after he joined that the firm gradually achieved growth and scale. In response, Alexander Pack countered that Dragonfly had already been co-founded by him and Feng Bo more than a year before Haseeb joined, and that he had already committed to leading investments in projects such as Bybit, Amber Group, and Crusoe, with the relevant fund announcements predating Haseeb’s employment. Haseeb subsequently responded, stating that some of Pack’s claims were inconsistent with the facts, and clarified his specific role and decision-making process regarding project investments. The two have continued to debate the company’s founding phase and their respective contributions to its investments.
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