This blockchain company ranks in the top five of YC's best companies list
A few days ago, the American venture capital accelerator Y Combinator (hereinafter referred to as YC)A list was published, counting the 102 companies with the highest valuations in the YC series. These companies are all valued at more than 150 million US dollars, and the cumulative valuations of the companies on the list are also more than 155 billion US dollars.
In the latest list, the online payment company Stripe topped the list, followed by the shared housing short-term rental platform Airbnb, the self-driving company Cruise, the American food delivery service company DoorDash and the cryptocurrency exchange Coinbase.
Stripe and the currency circle also have some origins. Stripe is one of the partners of Facebook's blockchain project Libra. However, in the recent turmoil of Libra partners' withdrawal, due to the severe regulatory situation, Stripe also withdrew from Libra along with eBay, Mastercard and Visa.
After checking, in the entire list recently released by YC, there are only two companies on the blockchain track, namely the cryptocurrency exchange Coinbase and the cryptocurrency trader SFOX.
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Coinbase ranks fifth, SFOX bottom thrilling nomination
YC entered the cryptocurrency exchange Coinbase in the summer of 2012, and in the spring of 2013, Coinbase raised its A-round funding. Subsequently, after experiencing the explosion of digital currency ICO in 2017, Coinbase also quickly grew into an exchange giant on the blockchain track and became one of the top exchanges in the world.
Data shows that Coinbase isIn the 2018 listIt once ranked 11th, with a valuation of US$1.6 billion after the D round of financing in 2017. In the 2019 list, Coinbase's ranking jumped to fifth place.
After another round of financing in November 2018, Coinbase's valuation reached US$8 billion, and then it was rumored in the industry that it would soon conduct an IPO.
Unlike the well-known Coinbase, the cryptocurrency trader SFOX is somewhat unfamiliar. In this list, the cryptocurrency trader SFOX ranks at the bottom of the list, ranking 100th (out of 102 companies selected in total).
In fact, the business positioning of the cryptocurrency trader SFOX is mainly to serve "large investors", such as funds, family offices and high-net-worth individuals. SFOX appeared in the YC directory as early as 2014.
In the $22.7 million A round completed in 2018, in addition to YC, Danhua Capital, DCG, Tribe Capital, Social Capital, and Airbnb co-founder Nathan Blecharczyk all participated. According to reports at the time, the trading volume of SFOX in 2018 had exceeded $9 billion.
Odaily checked the SFOX official and found that since 2015, the transaction volume of SFOX has exceeded 11 billion US dollars. SFOX is currently trading on 20 exchanges around the world, and more than 175,000 traders are using SFOX.
And Coinbase's valuation from $1.6 billion in 2017 to $8 billion in 2018 should not be underestimated. From this point of view, Coinbase and SFOX are indeed worthy of being one of the excellent examples in YC's 2019 investment list.
Of course, YC has not only invested in two blockchain companies, Coinbase and SFOX, but according to statistics, YC has also invested in more than ten blocks such as Protocol Labs (which includes the star product distribution protocol IPFS file storage network Filecoin), Blockstack, and NuCyper. chain items. If you are interested in other blockchain projects invested by YC, you can check out our next articlereferences:。
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