Key facts
- Dragonfly Capital partner Tom Schmidt called Nova Markets 'huge scammers'.
- Schmidt's accusation targeted Nova Markets' investor cohort.
- The accusation was made via a quote-tweet of Nova Markets' fundraise announcement.
Tom Schmidt, a general partner at Dragonfly Capital, publicly accused the startup Nova Markets of being 'huge scammers' on Thursday. Schmidt's statement, made via a quote-tweet of Nova Markets' June 4 fundraise announcement, extended the accusation to the startup's entire investor cohort. Dragonfly Capital recently closed its fourth fund, which was valued at $650 million.