- Startup founders were asked in a recent survey which private company they predict will increase its valuation the most over the next decade.
- Of the 529 founders, 19% of them — around 100 — agreed on one company.
- These are the 10 most popular predictions from founders.
A lot can happen in the tech industry in a decade, but a recent survey of more than 500 startup founders shows that many are in agreement about which companies have a bright future ahead.
The State of Startups survey, published annually by venture capital firm First Round, asked founders about their thoughts on the current state of tech, views on investment and funding, and outlooks for the tech industry in the future.
Of the 529 tech startup founders polled, 19% had the same answer when asked which private company would increase its valuation the most in the next 10 years. That's an estimated 100 founders in agreement that venture capital funding is likely to pour into at least one particular startup and boost its valuation considerably.
And where VC money flows, IPO plans often follow, so it's no surprise that many of the companies that founders predict will increase in valuation are reportedlygearing upto go public in 2019.
Here are the 10 private companies in the US that founders predict will increase their valuation the most in the next decade, ranked by the percentage of the vote they received:
10. Pinterest — 1.6% of votes
Most recent valuation: $12.3 billion (June 2017)
Company role: Bulletin board-like platform for discovering creative ideas.
Going public? Pinterest is reportedly planning a mid-2019 IPO.
Source: Business Insider, Business Insider
9. Lyft — 4.7% of votes
Most recent valuation: $15.1 billion (June 2018)
Company role: App for ride-hailing services
Going public? Lyft filed paperwork for an IPO in early December, and is expected to officially go public in early 2019.
Source: Business Insider, Business Insider
8. Uber — 5.3% of votes
Most recent valuation: $76 billion (August 2018)
Company role: App for ride-hailing and delivery services
Going public? Uber filed paperwork to go public "as soon as the first quarter" in 2019.
Source: Reuters, Wall Street Journal
See the rest of the story at Business Insider