Haseeb Qureshi Emphasizes That the First Step in Entrepreneurship is to Dialogue with Users Before Deciding What to Do
He categorizes many crypto projects as "utopian" attempts, believing these projects are more like passion projects rather than companies with venture capital return logic.
Funding is more likely to flow to products that can validate real demand and have a clear revenue path; projects that bet on ideal narratives but lack user feedback typically face greater pressure.
Source: Public Information
ABAB AI Insight
Haseeb Qureshi has long participated in crypto investments as a managing partner at Dragonfly and has taught entrepreneurship-related courses at UT and UC Berkeley, consistently advocating that "products should be useful to users" rather than "having a narrative first and then finding demand."
Funds like Dragonfly essentially invest in scalable, verifiable, revenue-generating crypto applications rather than purely ideal-driven protocol experiments; this aligns with his repeated emphasis on "venture-scale" judgments.
This logic is closer to traditional VC screening methods rather than community-based funding: first assessing whether the problem is real and if users are willing to pay, then examining whether the technology can scale.
Structurally, this represents a correction from "technology replacing narrative" back to "user demand pricing," similar to the path many early internet projects took from conceptual showcase to commercial validation.
ABAB News · Cognitive Laws
First validate demand, then amplify ideals.
Narratives can raise funds, but users must be willing to pay.
Not all passions deserve capital.