Sanat Kapur is a Partner at Dragonfly who brings a cross-functional background in finance, data analysis, and economic consulting to his crypto investing work, giving him a more quantitatively grounded and economics-driven approach than many peers. He publicly invites founders and community members to reach out directly about crypto topics, signaling unusually high approachability for a partner at a top-tier crypto VC.

• Fascination with cryptocurrency exchange infrastructure and decentralized finance platforms, closely monitoring the competition between networks like Solana and trading venues. A prime example is the observation that Hyperliquid is gaining serious global attention by aggressively expanding beyond digital assets to serve as a venue for equities and commodities.
• Deep interest in the Indian startup ecosystem and localized technological adoption. Admires the extreme operational efficiency of regional quick commerce applications, specifically pointing out a seamless delivery directly to an airport boarding gate, while also recognizing how stablecoins have radically transformed peer to peer economic networks in the country.
• Advocacy for pragmatic startup operations over complex financial engineering. Holds strong opinions on how founders should manage capital, explicitly warning that attempting to optimize corporate treasuries for a minor percentage of extra yield is terrible advice and a massive distraction from actual company survival.
• Focus on the technical mechanics and structural integrity of prediction markets and betting platforms. Regularly analyzes platforms like Kalshi and firmly believes the sector does not suffer from fundamental oracle design flaws, noting instead that any settlement issues usually stem from poorly defined outcome parameters.