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FTX’s Collapse a Wake-Up Call for Venture Capitalists, Dragonfly Partner Says

Tom Schmidt noted that more discerning VCs didn't invest in the failed crypto exchange.

By Fran Velasquez
Updated May 9, 2023, 4:03 a.m. Published Nov 21, 2022, 7:18 p.m.
Venture capitalists may be more discerning in the wake of FTX's collapse, Tom Schmidt, a partner at Dragonfly Capital, said. (Leon Neal/Getty Images)
Venture capitalists may be more discerning in the wake of FTX's collapse, Tom Schmidt, a partner at Dragonfly Capital, said. (Leon Neal/Getty Images)