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.

556Companies 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

Phase I

This year's candidate list included 556 companies; 166 early-stage, 181 mid-stage, 176 late-stage, and 33 giga-stage.

Phase II

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 six or more votes in last year’s ET30, 2) a data science analysis of 20,000+ startups based on the prior five years’ ET30 results, 3) multiple PitchBook queries from PitchBook’s company universe of venture-backed companies, 4) Wing’s primary research in identifying, reviewing, and meeting with private companies, and 5) 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.

Participation from 96 venture capitalists and 30 corporate development heads

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.

This participant list is not comprehensive. Participants are given the opportunity to participate anonymously.

Jon Rosenbaum

Managing Director, Insight Partners

Adina Tecklu

Partner, Khosla Ventures

Bucky Moore

Partner, Kleiner Perkins

Sebastian Duesterhoeft

Partner, Lightspeed Venture Partners

Bilal Zuberi

Partner, Lux Capital

Matt McIlwain

Managing Director, Madrona Venture Group

S. Somasegar

Managing Director, Madrona Venture Group

Robin Vasan

Founder, Mango Capital

Navin Chaddha

Managing Director, Mayfield Fund

Matt Murphy

Partner, Menlo Ventures

George Bischof

General Partner, Meritech Capital Partners

Rob Ward

Co-Founder and General Partner, Meritech Capital Partners

Aaron Jacobson

Partner, New Enterprise Associates

Molly Alter

Investor, Northzone

Promod Haque

Managing Partner, Norwest Venture Partners

Noah Carr

Partner, Point72

Brian Schechter

Partner, Primary VC

Satish Dharmaraj

Managing Director, Redpoint Ventures

Scott Raney

Managing Director, Redpoint Ventures

Anand Rajaraman


Ashvin Bachireddy

Managing Partner, Growth Fund, SV Angel

Jay Leek

Managing Partner, SYN Ventures

Jai Das

President and Partner, Sapphire Ventures

Rajeev Dham

Partner, Sapphire Ventures

Stacey Bishop

Partner, Scale Venture Partners

Bill Coughran

Partner, Sequoia Capital

Chris Farmer

CEO, SignalFire

Will Reed

General Partner, Spark Capital

Tae Hea Nahm

Co-Founding Managing Director, Storm Ventures

Ron Shah

Partner, Stripes

Seth Berman

Co-founder and General Partner, Susa Ventures

Chad Byers

Co-founder and General Partner, Susa Ventures

Amol Helekar

General Partner, Technology Crossover Ventures

Tomasz Tunguz

Founder, Theory Ventures

Andreas Stavropoulos

Partner, Threshold Ventures

Josh Stein

Managing Partner, Threshold Ventures

Evan Feinberg

Partner, Tiger Global Management

Matt Garratt

General Partner, U.S. Venture Partners

Andy McLoughlin

Managing Partner, Uncork Capital

Lily Lyman

General Partner, Underscore

Rebecca Kaden

Partner, Union Square Ventures

John Vrionis

Co-founder and Managing Partner, Unusual Ventures

Brian Ascher

Partner, Venrock

Emily Nolop

Principal, Private Investments, Viking Global

Matt Witheiler

Senior Managing Director, Wellington

Peter Wagner

Founding Partner, Wing Venture Capital

Jake Flomenberg

Partner, Wing Venture Capital

Jonathan Lehr

Co-Founder and General Partner, Work-Bench

Ross Fubini

Founder and Managing Partner, XYZ Ventures

Corporate Development Teams

This year, 36 corporations participated including 24 publicly-held and 12 privately-held, pre-IPO companies. The corporations’ enterprise values ranged from $2 billion to more than $1 trillion. 50% had enterprise values between $10 billion and $500 billion.

The corporations spanned sectors such as: cloud, collaboration, communication, data, developer platform, hrtech, IoT, marketing tech, networking, payment, productivity, security, storage, systems integration, and vertical. Collectively, the 36 corporations have done 154 acquisitions for more than $40 billion since January 1, 2022.

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