Two cryptocurrency exchanges came out early on from Y Combinator. One is 2012. One in 2013. One returned 1500X to early investors. The other one ceased to exist after 2 years.
The first half of 2015 was the period of Bitcoin’s downswing. And one exchange, that had an early start, raised $75 million to survive this Bitcoin winter in Jan 2015. The other one failed to raise funding and had to close the shop.
Two cryptocurrency exchanges.
Both are from Y Combinator.
What a difference the timing made.