Dragonfly co-founder Alexander Pack and partner Haseeb Qureshi have publicly disputed the founding history of the venture capital firm. On February 26, Pack claimed on social media that he and Bo co-founded Dragonfly, raised initial funds, and led early investments in companies like Bybit and Amber Group before hiring Qureshi. Pack accused Qureshi of misrepresenting the firm's history in a recent article. Qureshi countered by stating that Dragonfly was primarily a fund of funds before his involvement and had not led investments in the projects Pack mentioned. He asserted that after joining, he shifted the firm's focus away from fund of funds investments, spearheaded new projects, and managed subsequent fundraising and team development. The disagreement highlights differing perspectives on the firm's early leadership and strategic direction.