I had so much hope for buttercoin, its kind of sad when you look at the team section of the website.
Seems like they had top notch investors. I wonder what went wrong.
It doesn't seem too much of a stretch to think that a lot of companies hedged their investors money in Bitcoin and hemorrhaged investment when the bubble burst, leading to colder responses when other companies later went back asking for more. That would seem to fit with stories like this.
http://www.coindesk.com/venture-capital-funding-bitcoin-star...
We're at around $200m for 2015 with 95% of that between 21 and Coinbase.