Designed to be institutional, neutral, and inclusive of all company growth stages.
The methodology for the Enterprise Tech 30 involves two phases: a first phase to identify a candidate list of companies through extensive primary and secondary research; and a second phase to assess and rank the companies through an institutional investor survey.
571 Companies included for selection from an original list of 20k+ VC-backed companies
70% Of data is based on selections outside the VC’s portfolio
10 Per survey participant per stage to administer
This year's candidate list included 571 companies; 122 early-stage, 196 mid-stage, 220 late-stage, and 33 giga-stage.
The investor survey was designed to capture unbiased perspectives from the participants. Participants were permitted to select up to 10 companies per stage—no more than three of which could come from the participants portfolios.
The methodology for ET30 is based on our research team’s work in startups and venture capital since 2001. Companies cannot apply, pay, or lobby for placement in the ET30. The ET30 is conducted in partnership with a rare group of venture capitalists, and it is our privilege at Wing to work with our colleagues in the industry. The participants span early-, mid-, late-, and multi-stage investment firms, with successful backgrounds and substantial reach in enterprise technology. Collectively, the venture capital firms have invested in 87% of the $1B+ exits and unicorns in enterprise technology since January 2016.
The original candidate list of companies was built through four research sources: 1) companies who received 6 or more votes in last year’s ET30, 2) multiple PitchBook queries from a company universe of thousands of venture-backed companies, 3) Wing’s primary research in identifying, reviewing, and meeting with private companies, and 4) recommendations from the venture capitalists and corporate development heads. 70% of the data signals in ET30 are venture capitalists’ votes on companies outside of their portfolios.
ET30 is conducted in partnership with a prestigious group of venture capitalists and corporate development teams. Investment partners are invited to ET30 based on their track record, expertise, and reputation for discernment in enterprise technology. The assets under management for the venture capital firms ranged from $50 million to $150 billion.
We invited 30 corporate development teams from publicly traded enterprise tech corporations to participate in the Enterprise Tech 30. The corporate development teams participated anonymously due to the sensitive nature of corporate development discussions and activities.
The corporations spanned sectors such as: cloud, collaboration, communication, data, developer platform, hrtech, IoT, networking, payment, productivity, security, storage, systems integration, and vertical. Collectively, the 30 corporations did 48 acquisitions for $36 billion in 2022 and 2023 year-to-date.
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