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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.

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)