According to online reports, Haseeb Qureshi, managing partner of Dragonfly, posted on the X platform: "I missed Solana's seed round investment at a price of US$0.04 in early 2018, which is equivalent to a return of 3250 times at current prices. Solana was one of the first projects I came into when I was a junior VC, when I wrote memos for every transaction I missed. Rereading this memo now is an embarrassing peak for junior venture capitalists. At the time, we were obsessed with the 'Ethereum killer', consensus protocols, and what would replace EVM/eWASM. So this is the unedited version (the memo it wrote)-the worst investment mistake of all time."