Dragonfly

All right, still sick but want to get this out now Looking for an Engineer and a Designer for our portfolio (not an internal role, not an internal role, don’t ask me about this role being for Dragonfly): Infrastructure/Site Reliability Engineer - Likely joining as #4 employee, so top tier candidates who has built infra and deployed from 0 to 1 - From zero, you are going to spin up a production-level consensus instance (with deploys/backups/key signing etc) - Current stack: Grafana, Prometheus. Team determining if AWS or something else, team is open-minded - Rust ?? + enjoy managing secrets/keys are huge bonuses - GREAT equity - USA based, remote; visits to California - No crypto exp required Product Designer (Mid to Senior) - NYC based, in-office - 3 to 6 years of experience - Professional experience working in crypto or is passionate about the space - UX in desktop (vs mobile), data visualization, or B2B are strong fits As usual links below in the comments ??

In our 2025 State of Airdrops Report, my colleagues Hildebert Moulié, Jane Perov, Demetrios Stellatos, and I at Dragonfly delve into the economic repercussions of geoblocking airdrops within the U.S.: Key Findings Include: - Up to $5B+ in lost airdrop value - Up to $1.1B+ in uncollected tax revenue - Up to 5.2M users affected These numbers underscore the urgent need for a clear regulatory framework that not only supports innovation but also ensures tax compliance and promotes economic inclusion. ?? https://lnkd.in/gSnbnpKp

?? Q4 Crypto Job Trends & What's Ahead in 2025 Digging into our portfolio data again (and releasing insights every half). Some interesting shifts in both talent and hiring these past few months… ?? ————————— ?? 2024 was way bigger than '23 for crypto jobs, overall — our portfolio companies added 80% more roles vs last year. Huge spike in Aug/Sept (mix of mid-year planning + political hype?) before the usual Q4 holiday slowdown (standard seasonal cycles). ?? By the numbers: * YoY 23Q4: Total 436 jobs added Oct: 149 | Nov: 174 | Dec: 113 24Q4: Total 788 jobs added (+80%) Oct: 286 | Nov: 314 | Dec: 188 * QoQ 24Q3: Total 902 jobs added Jul: 208 | Aug: 345 | Sept: 349 24Q4: Total 788 jobs added (-13%) Oct: 286 | Nov: 314 | Dec: 188 ————————— ??? Election impact on hiring proved lagging — small Nov bump, but mostly dominated by normal EOY patterns. Thinking the real effects on hiring will continue playing out through H1 2025, and we're following both policy shifts and talent moves closely. ?? ————————— ???? As for candidates in Q4, we saw the standard seasonal dip there, too, with folks mostly networking vs actively applying. Overall sentiment's strong, though, with curiosity high and int'l talent/roles shifting (back) to the US. NYC especially heating up. And some things carried over from Q3: > Web2 engineers keep testing Web3 waters, but most have been harder to convert. > Top IC talent is still wary of early-stage, and > Lots of non-tech folks are on the market after pivots/layoffs, prioritizing stability. ————————— On the portfolio side, nearly all roles grew YoY, with design and QA flat, and legal/compliance & people/recruiting surging (US reg prep & growth planning). ~All roles dipped in Q4, w/ a surprising spike in TPM asks. Now, seeing early signals on eng leader and BD roles. ?? ————————— ?? What This Means for H1 Hiring: > Keep passive leads warm — many still watching and waiting > Optimize for non-tech — many on the market > Fine-tune your pitch — esp token offers > Culture is key — clarify values & growth paths > Policy shifts may hit fast — stay ahead ————————— Final thoughts: Despite the standard seasonal slowdown, market fundamentals and YoY industry growth remain strong. Key areas to watch: AIxCrypto, alt L1s, and US policy developments. What have y’all been seeing?

We’ve got multiple pre-launch opportunities in our portfolio right now. Looking for CTO, Engineering Manager, and Founding Engineer backgrounds with crypto native experience whose built 0 to 1. Bonus for those that stuck around post mainnet and scaled. Experiences across consumers, gamefi/igaming, exchanges, trading, payments, or someone who’s worked early building flagship/core product(s) that have been successful (this can be in web2 as long as you have crypto exp). Opportunities range from being the first employee hire after the founding team to stepping in to lead an existing small team and growing it. Note: this is for folks who's done it before at the highest level in crypto. If you are looking for a role to level up into or this would be the first time you are doing it; hang tight. Stay tuned for that post at a later time. As always, special link below where I personally review applications. Feel free to hit the dms for questions. Back to back calls today till late afternoon so will answer them later in the day or when I get a chance.

Dragonfly’s 2023 Crypto Comp Report offered deep insights across our portfolio. This year, we’re broadening our scope. ?? If you’re in crypto, we'd be grateful if you'd take 5 minutes to anonymously share insights. ?? https://lnkd.in/gs9p3KcU Your input means stronger industry benchmarks and analysis. ???? ——— (PS. Here's last year's report, if you're curious: https://lnkd.in/gUu6hCtR. We learned a lot in putting this together, and we're excited for this next iteration.)

The recent ruling in the DOJ’s landmark antitrust case against Google—the biggest U.S. antitrust trial in decades—has sparked widespread discussion about Big Tech’s dominance and the future of regulation. Henry Morris and I collaborated on an article for www.thelawverse.com where we dive into the fascinating parallels between today’s tech giants and the monopolies of the past, like Standard Oil. What’s striking is how U.S. antitrust enforcement is shifting focus—from consumer prices to the broader impacts of corporate power on competition, innovation, and democracy. What's being called "hipster" antitrust. Henry brought incredible depth and insight to this piece, and together, we explore what this ruling means not just for Google, but for Big Tech as a whole. This case could mark the beginning of a new era in antitrust law, with implications for companies like Apple, Amazon, and Meta. ?? https://lnkd.in/gmbRg79Q

If you work in Crypto, we need your help!!! We are conducting a compensation survey to gather industry benchmarks and analyze the state of comp across Crypto. If you work in Crypto, please use the link in the comments of this post to take 5 minutes to complete our survey and anonymously share your insights. If you want to learn more, you can see the report we created from the 2023 survey; check out the 'Dragonfly's 2023 Crypto Compensation Report' that my team here at Dragonfly put out last year.

Dragonfly’s 2023 Crypto Comp Report offered deep insights across our portfolio. This year, we’re broadening our scope. ?? If you’re in crypto, we'd be grateful if you'd take 5 minutes to anonymously share insights. ?? https://lnkd.in/gs9p3KcU Your input means stronger industry benchmarks and analysis. ???? ——— (PS. Here's last year's report, if you're curious: https://lnkd.in/gUu6hCtR. We learned a lot in putting this together, and we're excited for this next iteration.)

?? ?? $5.4 billion in losses... and counting. CrowdStrike’s July IT outage sent shockwaves through the digital world—but who's really paying the price? Is it only the software customers, airline passengers or will the cybersecurity giant bear some responsibility? In a follow-on piece to?The Untouchables: Why Software Companies Escape Liability for Faulty Software?,?my latest article on?TheLawVerse.com?with Sofia DeSimone takes a closer look at?how the "tech veil" could shield CrowdStrike from legal exposure for the 2024 IT outage. Can CrowdStrike dodge the bird strike of lawsuits? ?? https://lnkd.in/gawyEHbJ Original Article ?? https://lnkd.in/gRSRUmaN

???? Quarterly Crypto Hiring Insights ???? ————————————————————— https://lnkd.in/gqe_r72f ————————————————————— Each quarter, we analyze the crypto hiring market for our portcos: job trends, candidate sentiment, portco activity, and forecasts. We'll share select insights a quarter behind as we release the latest report exclusively to our portfolio. Linking out to Twitter so you can see all the pretty graphs and such ??