Bitcoin VC Investment Now Falling Behind Early-
Stage Internet Investment
52State of Bitcoin and Blockchain 2016
Note: Internet figures include only first-sequence venture deals. Year-end projection extrapolated from YTD run rate. All figures unadjusted for inflation,
changes in the cost of launching a startup over last two decades, etc. Further methodology discussion.
Data sources: CoinDesk, PricewaterhouseCoopers
Bitcoin vs Early Internet VC Investment ($m)