11 Indian-Americans in  Forbes list of best venture capitalists

May 15, 2017 18:38
11 Indian-Americans in  Forbes list of best venture capitalists

The Forbes magazine's annual list of the 100 best venture capitalists has featured 11 Indian-origin investors, who are behind some of the highest-returning investments in the technology sphere.

'Midas 2017', which is a part of Forbes, compromises the top 100 venture capitalists in the world, while taking into account a a five-year look-back at a partner's portfolio, with exits by IPO or acquisition of at least $200 million and private holdings that raised money at valuations of at least $400 million over that time period.

Jim Goetz, who is partner in Sequoia Capital topped the list. He retained the top stop  three years after messaging giant WhatsApp was sold to Facebook for nearly $22 billion.

Goetz is the only investor in the company and transformed $60 million over three rounds into more than $3 billion in Facebook stock Goetz, the only investor in the company, transformed $60 million over three rounds into more than $3 billion in Facebook stock

The list includes 11 venture capitalists who are of Indian-origin.

Midas

Neeraj Agrawal, General Partner in Battery Ventures is on the 17th spot and leads the pack of Indian-origin venture capitalists on the list, followed by Sameer Gandhi, Partner in Accel Partners (23); Asheem Chandna, Partner in Greylock Partners (28); Salil Deshpande, Managing Director, in Bain Capital Ventures (33); and Aneel Bhusri, CEO and Cofounder of Workday (37).

Gaurav Garg, Founding Partner of Wing Venture Capital (48); Promod Haque, Senior Managing Partner of Norwest Venture Partners (67); Hemant Taneja, Managing Director of General Catalyst Partners (70); Navin Chaddha, Managing Director of Mayfield Fund (73); Ravi Mhatre, Partner in Lightspeed Venture Partners (76); and Deven Parekh, Managing Director of Insight Venture Partners (99) also figure on the list.

Agrawal made into the list for the 7th consecutive time. His companies Coupa and Nutanix, went public last year and AppDynamics was about to go public this year but was scooped by Cisco for $3.7 billion.

Taneja holds five degrees from from the Massachusetts Institute of Technology. He debuts the list due to an early investment in Snap that went public at market capitalization of $25 billion in February this year.

Haque, who is a graduate from Delhi College of Engineering, has worked as a senior managing partner at Norwest Venture Partners since 2013. He has invested in more than 70 companies that have produced more than $40 billion in exit values in over 15 years of venture capital experience.

Forbes said that still accounts for 12 Midas investors and Facebook another 10, they are now moving for Snap with eight investors in the 2017 Midas ranks.

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India  USA  Forbes  Midas  Sequoia Capital