We’ve kicked off 2017 with a surprise acquisition of what was planned to be the first big IPO of the year — Cisco snapping up AppDynamics for $3.7 billion, just days before its public listing — and what many believe will be an IPO filing for Snapchat’s parent Snap. But in contrast, it appears that 2016 represented a shift less frothy times.
CB Insights has published its annual report of how tech companies performed in 2016 when it came to funding and exits, which shows that last year saw us move past 2015’s high-water mark for new, oversized valuations in the world of tech startups, as well as large number of companies not making it past their earliest funding rounds (and hence, lower valuations) before getting snapped up. CB Insights notes that there were 3,358 total tech exits in the year (3,260 M&A exits, 98 IPOs), down 4% over 2015, although rising in the second half of the year compared to the first.
https://techcrunch.com/2017/01/31/cb-insights-3358-tech-exits-in-2016-unicorn-births-down-68/
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