Ethereum had a 12 month delay from the time they collected funds until the time they launched
They had full access to the ico funds for development during this time
There was no gui until 3 months after ETH was launched/listed on exchange
A bunch of people dumped their ETH for 2x or 3x profit in the days/months immediately after launch
I am impressed with the amount of progress Team STEEM made in 2 months time