March 11, 2016 Comments Off on WeWork Works Up to Snapchat’s Valuation Views: 610 California News, National News

WeWork Works Up to Snapchat’s Valuation

Despite ubiquitous conjecture that the start-up bubble is about to pop, WeWork announced that its valuation now matches that of Snapchat at $16 billion. In its latest round of funding, the company has managed to rank and tie in the seventh spot of most valued “unicorns.”

Unlike established companies with slowing growth, start-ups have the privilege of persuasion to convince investors that they will be worth billions in the future. When the co-working company began, it reached a valuation of $10 billion in just five years, thanks to a strategic investor pitch deck.

The top 7 unicorns, as ranked by Statista are:

  1. Uber- $51B
  2. Xiaomi- $46B
  3. Airbnb- $25.5B
  4. Palantir: $20B
  5. Meituan-Dianping- $18.3B
  6. Snapchat/WeWork/Didi Kuaidi= $16B
  7. Flipkart- $15B

Read More at Business Insider

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