How has exit activity for blockchain technology developed in the first half of 2019? This blog post explores blockchain technology exit metrics through Q2 2019 and compares them to previous years. The graph below shows the number of blockchain technology exits by year, stacked by quarters.
As the graphic demonstrates, blockchain technology has seen a total of 5 exit events through Q2 of this year. This represents 45% of the total exits in 2018, and 71% of the exits through Q2 in 2018. Some of the exit events in 2019 include Slock.it’s acquisition by Blockchains, Coins.ph’s acquisition by Go-Jek, and Neutrino’s acquisition by Coinbase.
A straight-line projection of the completed exit activity this year would come out to 10 exit events, which comprises 91% of the total exits in 2018. By the same token, a weighted quarterly average projection of 2019 exit activity would come out to 8 exit events, which falls short of the total exits in 2018 by 29%. Therefore, based on the mid-year data, blockchain technology exit activity in 2019 is projected to diminish from the exit activity in 2018.