Consensus 2015 - State of Blockchain

Consensus 2015 - State of Blockchain from CoinDesk

1. 1. State of Blockchain 2015 1 State of Blockchain 2015 10 September 2015 Consensus 2015 @GarrickHileman #Consensus2015 on Twitter and sli.do
2. 2. 1. Industry Overview 2. State of Bitcoin 3. State of Blockchain
3. 3. 1. Industry Overview
4. 4. All-Time Venture Capital Investment in Bitcoin & Blockchain Startups $894m Note: Q3 2015 projectedbased on run rate as of Sept. 7 2015 Data sources: CoinDesk, CrunchBase
5. 5. 23 Countries with VC-backed startups Sources: CoinDesk, CrunchBase.Images from Wikipedia Switzerland Sweden Philippines South Korea Kenya Singapore Panama Japan Canada The Netherlands India Barbados Mexico France Australia Luxembourg United States Israel Denmark Argentina Germany United Kingdom China
6. 6. $362 $250 $0 $50 $100 $150 $200 $250 $300 $350 $400 2014 Bitcoin VC Investment Exceeded Early-Stage Internet Investment Note: Internet figures includeonly first sequence venture deals. All figures unadjusted for inflation, changes in the cost of launching a startupover last two decades, etc. Further methodology discussion. Data sources: CoinDesk, PricewaterhouseCoopers 2014 Bitcoin 1995 Internet Bitcoin vs Early Internet VC Investment ($m) Millions
7. 7. 2015 YTD Investment +94% vs. 2014 $224m $436m 2014 VC investment (as of Sep. 7) 2015 YTD VC investment Data sources: CoinDesk, CrunchBase
8. 8. Bigger VC Deals Suggest Healthy Funding Environment *Note: 21Inc. Is excludedbecause theprecise timing of when the$116m was raised by 21 Inc. in various individual stages, has not beenrevealed. Source: CoinDesk $10 $20 $30 $40 $50 $60 $70 $80 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 Millions *
9. 9. Total VC Investment and Average VC Deal Size Projected to Plummet in Q3 Note: Q3 2015 projectedbased on run rate as of Sept. 9 2015 Data sources: CoinDesk, CrunchBase Millions Millions $74 $133 $228 $145 $81 $3 $4 $10 $10 $8 $0 $2 $4 $6 $8 $10 $12 $0 $50 $100 $150 $200 $250 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Quaterly VC Investment ($m) Quarterly Total VC Investment ($m) QuarterlyAverage VC Investment Deal Size ($m)
10. 10. $362 $631 $250 $639 $0 $100 $200 $300 $400 $500 $600 $700 2015 Bitcoin VC Projected to Fall Behind of Early-Stage Internet Note: Internet figures includeonly first sequence venture deals. All figures unadjusted for inflation, changes in the cost of launching a startupover last two decades, etc. Further methodology discussion. Q3 2015 projected basedon run rate as of Sept.9 2015 Data sources: CoinDesk, PricewaterhouseCoopers 2014 Bitcoin 2015 Bitcoin - Projected 1995 Internet 1996 Internet Bitcoin vs Early Internet VC Investment ($m) Millions
11. 11. BitLicense Imposes High Costs on Startups Source: CoinDesk. Image from BitStamp • Bitstamp NY license application cost roughly $100k George Frost Chef legal officer, Bitstamp Ceased NY Operations 15 BitLicense Applications 22