Birth of billion-dollar startups fell by 68% in 2016
According to a report by market intelligence company CB Insights, only 25 companies entered the league of unicorn startups with a $1 billion-plus valuation in 2016, down 68% from a year ago. Further, Google disclosed the acquisition of 18 companies in 2016, making it the top tech acquirer in terms of volume, with Salesforce and Accenture tying in second place.