The Chopping Block: Dragonfly's $650M Fund + Crypto's Great Resignation + OpenClaw vs Crypto Twitter
Unchained
Laura Shin
4.6 • 1.3K Ratings
🗓️ 19 February 2026
⏱️ 55 minutes
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| 0:00.0 | Could AI help you do more of what you love? Workday is the next-gen ERP powered by AI that actually knows your business. We help you handle the have-to-dos so you can focus on the can't-wait-to-dos. It's a new workday. It's kind of like you, it's like an RPG. You've graduated from one town and you're into the other town, and the characters are totally different. And you're like, what am I playing again? But, you know, the game goes on. |
| 0:23.6 | Not a dividend. you've graduated from one town and you're into the other town and the characters are totally different. And you're like, what am I playing again? |
| 0:21.5 | And, but, you know, the game goes on. |
| 0:23.5 | Not a dividend. |
| 0:24.7 | It's a tale of two pawn. |
| 0:25.8 | Now, your losses are on someone else's balance. |
| 0:28.5 | Generally speaking, air drops are kind of pointless anyways. |
| 0:31.1 | I'm named to trading firms who are very involved. |
| 0:34.1 | I like that eat is the ultimate policy. |
| 0:36.3 | D5 protocols are the antidote to this problem. |
| 0:54.2 | Hello, everybody. Welcome to the chopping block. Every couple weeks, the four of us get together and give the industry insider perspective on the crypto topics of the day. So quick intro, this first I got Tom, the DFI Maven and Master of Memes. Hello, everyone. Next, you've got Robert, the Cryptoconosur and Tsar of Superstate. |
| 0:56.3 | You're muted. |
| 1:11.0 | Wait, Robert, you're muted or dead. Oh, sorry. Good morning, everybody. All right, there we have to ruin, the gigabrain, and Grand Puba at Gottlett. Yo. What's up? And I am a sieb that head hype man at Dragonfly. |
| 1:30.3 | We are early-station investors in crypto, but I want to caveat that nothing we say here is investment advice, legal advice, or even life advice. Please see chopping blocks at XYZ for more disclosures. So, boys, it is our turn. I think Robert on the previous show got to announce his fundraise. It is now our turn to announce our fundraise. So we just closed our fund for a $650 million fund. Very excited. This thing has been a long time coming. It's, you know, fundraising this |
| 1:36.1 | environment has been a slog. And so we had a run up in Fortune. And the Fortune title reads, |
| 1:42.4 | Crypto Venture firm Dragonfly closes $6.50 million fourth fund, |
| 1:45.7 | even as blockchain VCs face mass extinction. |
| 1:49.4 | That was the title of the article. |
| 1:51.7 | And in the article, it just goes on to talk about like how terrible things are |
| 1:55.6 | and how bad it is for a lot of other VCs who are trying to raise. |
| 1:59.6 | And it's true, we are, we've been very |
| 2:01.7 | fortunate to be able to raise this fund. It's the same size as our previous fund. We're now at this point, one of the largest VCs in the space, not because we have grown, it's actually the exact same size of our last fund, but because a lot of other VCs have downsized and have not been able to raise the same amount as they have in |
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