DeFi Founders Advised to Learn from Stablecoin Success in Real-World Problem Solving
Rob Hadick from Dragonfly discusses the current state of venture capital in crypto, highlighting key insights:
- The regulatory environment in the US is improving for crypto.
- Hadick expresses optimism about stablecoins and their role in the market.
- Valuations in the crypto space are considered high.
- Dragonfly is slowing down its investment pace, focusing on Series A and B rounds.
- In Q1, Dragonfly saw its lowest activity in terms of new term sheets.
- The firm plans to make fewer investments but with larger check sizes to increase ownership stakes.
- In Q2, Dragonfly has already begun issuing term sheets again.
- Stablecoins have shown resilience amid market volatility, addressing real-world issues effectively.
- Hadick advises DeFi projects to enhance usability and solve practical problems to appeal to a broader audience.