The 38 most valuable enterprise startups of 2016
While there was still plenty of money available, investors weren't as generous with their terms as they were during their check-writing frenzy of 2014-2015. They wanted to nab a bigger piece of equity for the money they put in.
So, if the previous period was all about "unicorns" - startups that raised so much money at such great terms that their investors valued them at over $1 billion - 2016 was the year of the "down round." That's when cash-burning startups had to sell shares for a lower price than they previously commanded.Given this backdrop, we thought it would be interesting to look at the
We asked PitchBook, a company that offers a database of venture and private equity funding, to sift through its vast collection of financial records to come up with this list of the highest-valued enterprise startups of 2016, based exclusively on startups that completed financing rounds in 2016.