2016 is not shaping up to be a great year for Internet unicorns -- but if recent history is any indicator, not all is lost.
The venture capital industry has seen startup valuations soar in recent years. According to Fortune, there are upwards of 170 companies valued at more than $1 billion -- commonly referred to as "unicorns" -- in the world today. But lately, market turbulence and company underperformance have fueled the flames of anxiety among VCs as valuations drop and exit opportunities appear fewer and farther between.
