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Top 100 Venture Capitalists Worldwide


05/18/2017

Forbes last month revealed its latest “Midas List,” which highlights the top 100 venture capitalists worldwide.

Among the 100 funders recognized in the list were at least 11 Indian American venture capitalists and one Pakistani American, according to the Forbes list released April 18.

Forbes considered hundreds of funds across even more partners and thousands of deals, it said.

Forbes and TrueBridge Capital Partners collect data from publicly available sources as well as through many direct submissions from the firms themselves, according to the Forbes report.

Midas provides a five-year look-back at a partner's portfolio, with exits by IPO or acquisition of $200 million or more and private holdings that raised money at valuations of $400 million or more over that time period, according to Forbes.

Midas' formula favors earlier, bigger bets that return high multiples on an investor's initial money, though a string of later successes can still make a Midas portfolio, it added.

For this year’s list, the average top 10 members had 12 such companies to their name, while the last 10 members had an average of seven. Across the entire list, the typical Midas Lister for 2017 scored nine eligible portfolio companies.

The top South Asian origin VC was Neeraj Agrawal of Battery Ventures, who came in a No. 17 on the list.

Agrawal returns to the list for the seventh consecutive time on the strength of his SaaS investments, Forbest said. Two of his software companies, Coupa and Nutanix, went public in 2016, and another, AppDynamics, was about to go public in early 2017 before it was scooped up by Cisco for $3.7 billion, the publication noted.

Agrawal also serves on the boards of unicorn startups Sprinklr and Glassdoor. Previous exits include healthcare software platform Brightree, acquired by medical device maker ResMed for $800 million in February 2016, as well as the publicly traded Wayfair and Marketo, Forbes said.

Sameer Gandhi of Accel Partners, whose notable deal was in Jet.com, came in at No. 23 on the list. Gandhi is among six Accel Partners investors on the list.

Gandhi scored big last year when portfolio company Jet.com was acquired by Walmart for $3.3 billion, Forbes said. The investor enjoyed a stellar 2015, when his investments in Learnvest and TaxiForSure paid off, it said. He has also invested in drone maker DJI, Dropcam, Crowdstrike, Trulia, Spotify and Dropbox, among others.

Asheem Chandna of Greylock Partners, whose notable deal was in AppDynamics, was next up on the list at No. 28.

Forbes said that Chandna is on a hot streak, having co-led the Series A funding round in AppDynamics in 2008 on behalf of the firm. In January of 2017, Cisco swooped in to acquire the app performance management company shortly before it was set to go public for $3.7 billion. That exit joins Palo Alto Networks, which went public in 2012, and Arista Networks, which went public in 2014, as well as more recent investments in Rubrik and Innovium, Forbes noted.

Born in India, Chandna joined Greylock in 2003 after serving as vice president of business development and product management at Check Point Software. At the Tel Aviv IT security firm, he met Israeli engineer Nir Zuk who would later go on to found Palo Alto Networks. Chandna advised Zuk all the way through, Forbes added.

Salil Deshpande of Bain Capital Ventures came in at No. 33 on the latest investor list.

Deshpande won big when enterprise software company MuleSoft went public in March 2017, according to Forbes.

Deshpande's been at Bain Capital Ventures since 2013, where he focuses on open-source and infrastructure software. His exits also include Lending Club, Dropcam, SpringSource, Dynatrace and Buddy Media, Forbes added.

Coming in at No. 37 on the Midas List was Aneel Bhusri of Workday.

Bhusri serves as CEO of Workday, an enterprise software firm, and as an advisory partner at venture capital mainstay Greylock Partners. He co-founded Workday with fellow billionaire David Duffield.

After some high profile investment failures during the dot-com era, Bhusri notched big returns at Greylock in 2007 when storage software outfit PolyServe sold to Hewlett-Packard for $200 million and OutlookSoft was acquired by SAP, Forbes noted.

More recently, Bhusri led the firm's investments in Okta, which went public in April 2017 and Cloudera, which has publicly filed its S-1 to go public later in 2017, the publication said.

Gaurav Garg of Wing Venture Capital, with a notable deal investing in FireEye, was No. 48 on the 2017 investor list.

Garg is a founding partner of Wing Venture Capital, which he set up with Peter Wagner in 2013.

He's on the board of several fast-growing private tech companies, including Cohesity, Shape Security and Instart Logic. Before Wing, he spent 11 years at Sequoia Capital, where he helped build Ruckus Wireless and FireEye from incubation into public companies, Forbes said.

Garg was also closely involved with a number of other businesses that went on to stage successful exits, including MobileIron and Jasper Technologies, which was acquired by Cisco for $1.4 billion in 2016, it added. Additionally, Garg has worked with and co-sponsored investments in Aruba and RingCentral.

At No. 67 on the list was Promod Haque of Norwest Venture Partners.

Haque has served as senior managing partner at Norwest Venture Partners since 2013, where he focuses on enterprise and healthcare IT, Forbes said in his bio page.

He has invested in more than 70 companies that have produced more than $40 billion in exit values. He's also had more than 20 portfolio companies go public and more than 30 have been acquired, according to the publication.

His most notable deals include Apigee, Palerra and cybersecurity company FireEye, which was the second-best performing IPO in the U.S. in 2013. More of his recent investments include CareCloud, CognitiveScale, Dtex Systems, Health Catalyst, Prevedere, Shape Security, Simpplr and SlashNext.

Hemant Taneja of General Catalyst Partner came in at No. 70 on the list.

Taneja debuts on the Midas List due to an early investment in Snap, the social platform that went public at a market capitalization of $25 billion in February 2017, Forbes said.

He led General Catalyst's Series B investment in the messaging app after trying unsuccessfully to back the company as early as its Series A in 2013, it noted.

Taneja's also an investor in fintech unicorn Stripe and startups including Class Dojo, Color Genomics, Gusto and Livongo Health, the publication added on his bio page.

The one-time competitive Bhangra dancer is a board member at education non-profit Khan Academy and holds five degrees from MIT.

Navin Chaddha, managing director of Mayfield Fund, was No. 73 on the list, making his ninth appearance on the list.

Chaddha has cracked the list for his investments in Lyft, SolarCity and Elastica in the U.S. and in MakeMyTrip and Persistent Systems in India, Forbes said.

He invested in more than 28 companies that have completed successful public offerings or mergers in his career, it added. His current investments include Gigya, Fungible, MapR, Poshmark and India's Matrimony.com.

Ravi Mhatre of Lightspeed Venture Partners came in at No. 76 on the Midas List, returning to the list after a 10-year hiatus.

He makes the list due to a string of enterprise wins that started when Nutanix went public in September 2016. AppDynamics looked set to follow in January 2017, when Cisco swooped in and bought the app management software company for $3.7 billion just days before it was set to list, Forbes said.

Mhatre had invested alongside colleague John Vrionis in the company, co-leading its first round of funding from VCs. Then in March 2017, a third company, MuleSoft, went public, it added. As of April, the company was valued by public investors at close to $3 billion.

Pakistani American Mamoon Hamid of Social Capital was No. 86 on the 2017 investor list, who cracked the list for a third time.

Hamid co-founded Social Capital in late 2011 and has built a portfolio of enterprise software companies, including Box, which Hamid first began working with as a board member while just a VC associate in 2007, Yammer, which Microsoft acquired for $1.2 billion in 2012, Stewart Butterfield's collaboration unicorn Slack, customer messaging platform Intercom, HR software company Greenhouse Software and more, Forbes noted.

At Social Capital, he and his partners continue to think up new metrics for assessing startup growth and success. After developing what they called a "Quick Ratio" in 2015, the team worked out something of an enterprise North Star in recent months, Forbes said.

And at No. 99 on this year’s list was Midas List veteran Deven Parekh of Insight Venture Partners.

Parekh scored a recent IPO when "digital knowledge" company Yext went public in April 2017, joining a string of successes dating back years that include Twitter, Tumblr, JD.com and Alibaba, Forbes said.

The growth-stage expert has made big bets on Automattic, parent company of Wordpress, Fanatics, which carries a multi-billion dollar valuation, and recent investment Letgo, a mobile classifieds app, it added.

Parekh is a member of the presidentially-appointed Overseas Private Investment Corporation Board serves as a board member of the Tisch MS Research Center of New York.

Jim Goetz of Sequoia Capital topped the 2017 list. His notable deal was for the company WhatsApp. Chris Sacca of Lowercase Capital, Peter Fenton of Benchmark, Steve Anderson of Baseline Ventures and Brian Singerman of Founders Fund rounded out the top five.

The total list includes nine newcomers and six returnees and 12 billionaires, as well as 10 China-focused investors, Forbes said.



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