Back after a two-year hiatus, Forbes’ Midas List of venture investors notes how the investment markets have changed.
The secondary trading of private company shares is now a big deal, and micro-cap funds play a bigger role in early-stage financing. Overseas, competition heightened at precisely the moment that financial worries tripped up Western economies.
Despite all this, the newly revived Midas List looks a lot like the old one. Big names still dominate, even if a few new ones have risen to prominence. Angels have taken many significant spots, but perhaps not as many as might be expected given the new flocks of independent investors drawn to seed investing.
These criticisms aside, the list remains a useful tool for identifing some of the most successful investors in the venture business.
Forbes said it worked with TrueBridge Capital Partners, a venture capital fund of funds, to develop a ranking that both VCs and their limited partners would agree included those who generated profits and helped to build valuable technology and life science companies.
To do this, it analyzed five years of M&A or IPO exits above $200 million in the United States, Europe and Israel, and took into consideration the level of involvement a venture capitalist had in nurturing each of his or her companies.
It also incorporated a metric that rewarded investors who delivered multiple exits, instead of just one. (Forbes plans to publish a separate ranking later this year based exclusively on companies in Asia.)
With this preamble, here are the top 20 members of the Midas List:
Jim Breyer, Accel Partners (pictured)
Michael Moritz, Sequoia Capital
Reid Hoffman, Greylock Capital
Peter Fenton, Benchmark Capital
Scott Sandell, New Enterprise Associates
Kevin Efrusy, Accel Partners
Peter Thiel, Founders Fund
Peter Barris, New Enterprise Associates
David Sze, Greylock Partners
Marc Andreessen, Andreessen Horowitz
Douglas Leone, Sequoia Capital
Fred Wilson, Union Square Ventures
Ron Conway, SV Angels
John Doerr, Kleiner Perkins
Anell Bhusri, Greylock Partners
Bryan Roberts, Venrock
Mike Maples, Floodgate
Josh Kopelman, First Round Capital
Jeff Brody, Redpoint Ventures
Jeremy Levine, Bessemer Venture Partners