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Yesterday, news broke that office space provider WeWork is raising a new round that will value the company at $17 billion. This flies in the face of recent talk about a popping tech bubble and dying billion-dollar "unicorns."
But perhaps this isn't a bubble popping, as happened in the dot-com era, but simply a reshuffling. Startups that can convince investors that their growth prospects are still good and that they have a path to profitability may still find it easy to raise money. It's the struggling companies with slowing growth and no clear path to profits that could find a harder time.
With that reshuffling in mind, Statista has charted the most valuable venture-backed private companies in the world, based on the valuation at their last round (this does not include reported downgrades by big institutional investors). WeWork is now in 7th place.
Statista