Tom Schmidt is a General Partner at Dragonfly, a crypto-focused venture fund. Tom Schmidt's Twitter Score is 623 out of 1000 (an Excellent rating) as of July 2026, placing him at rank #174 (top 0.1%) out of 389,201 accounts tracked on this platform.
Tom Schmidt previously worked at 0x as Head of Product, and also served as a Product Manager at Facebook and at Instagram. He joined Dragonfly with a dual investor and research role, focused on expanding the firm's DeFi investing practice.
Tom Schmidt's firm closed Fund III at $650 million in April 2022, with limited partners including KKR, Tiger Global, Sequoia China, Invesco, Ivy League endowments, U.S. pensions, and sovereign wealth funds. Dragonfly followed with a Fund IV close at $650 million in February 2026, exceeding its $500 million target, with notable early positions including Polymarket and stablecoin card issuer Rain.
Tom Schmidt became a subject of a U.S. criminal investigation into Tornado Cash and developer Roman Storm. DOJ prosecutors stated in open federal court that they were considering criminal charges against him in connection with Dragonfly's 2020 investment in the privacy protocol via entity PepperSec Inc., though no formal charges had been announced as of the latest available reporting. He invoked his Fifth Amendment right and declined to testify at Roman Storm's criminal trial after prosecutors refused to grant him immunity. Federal authorities raided his home and seized his devices as part of the investigation. Dragonfly stated it fully cooperated with the DOJ, adding that bringing charges would be outrageous and contrary to the facts, with Haseeb Qureshi stating the firm did not operate or exercise any control over Tornado Cash.
Tom Schmidt has described what he sees as the biggest meta shift in crypto during his tenure, pointing to a transition away from native app tokens toward tokens representing real-world assets such as stocks and private credit funds. His tracked portfolio includes Pleasr, XY Finance and PRAXIS.
Who follows Tom Schmidt on X?
Tom Schmidt has 40,620 followers as of July 2026 and has published 9,861 posts. The accounts that follow Tom Schmidt include 1,981 founders, 646 angel investors, 959 influencers and 60 VCs, among them Chris Dixon, Laura Shin, Toly, Cobie, jesse.base.eth and Ansem. Tom Schmidt is mentioned by 306 accounts, with 652 total mentions.