A decline can also be seen when looking at other metrics. Median post-valuations, for example, mimicked the activity growth of the past few years, hitting $32 million in 2015. This year, that figure has come down to just $21 million. And while it's tempting to attribute the drop to the valuation bubble experienced last year, one would expect most other industries would also have seen a drop if that were true—but it isn't the case. SaaS startups actually saw a median post-val increase this year in the US, as did marketing tech companies.