Wow, there's an exciting drama in the crypto VC community. Founders of Dragonfly Capital are publicly arguing on X about who should get credit for building the company. Haseeb Qureshi published an essay about Dragonfly's journey from the beginning to managing billions of dollars in assets, but Alexander Pack immediately responded strongly—he said he and Bo Feng founded Dragonfly more than a year before Qureshi joined, and the company already had significant momentum when Qureshi came on board.

According to public records, indeed, Dragonfly was founded in 2018 by Pack and Feng, then Qureshi later joined as managing partner. Pack claims they led several important deals before Qureshi's arrival, and he also mentions their track record in both Eastern and Western crypto long before Qureshi "started playing poker." This isn't just about ego—founding reputation is very important in the crypto VC world.

Interestingly, even executives from one of the major exchanges shared memes about this, and people on Twitter are laughing at the drama. "VC Twitter is the new reality TV," they say. So far, the disagreement remains a claim that competes in archived posts, and Pack's replies have more likes than Qureshi's essay. This shows how VC firms, including Dragonfly, can face internal disputes about their origin story during their growth.