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Forbes Topline

These Billionaire VCs Are The World's Most Powerful Investors: Inside The Forbes Midas List

Forbes Topline

Forbes

News, Entrepreneurship, Business, Business News

4.86 Ratings

🗓️ 14 June 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

The 2024 Midas List features 13 women investors, matching 2021’s record number. They include No. 99 Annabelle Yu Long, a China-based newcomer at BAI Capital, and No. 86 Annie Lamont, Connecticut’s First Lady and cofounder of Oak HC/FT, appearing for the fifth time, but her first in nine years. A data-driven ranking, the Midas List is produced annually from a combination of public data sources and the submissions of hundreds of investment partners across dozens of firms. To qualify, investors are ranked by portfolio companies that have gone public or been acquired for at least $200 million in the past five years, or that have at least doubled their private valuation to $400 million or more over the same period. Forbes and TrueBridge allow firms to share credit for a deal between up to two investors, and put a premium on liquid exits over unrealized returns. Early stage investors who deliver large multiples on money invested, and later-stage investors who return large sums of cash, can both make the list. Top Midas investors typically achieve both, across a dozen or more eligible investments. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hi, I'm David Jeans. I'm a tech reporter at Forbes. Today I'm very happy to be joined by Alex Conrad,

0:08.9

who is the editor of the Midas list, and I'm wondering Alex Alex if you give us a bit of a primer on the Midas list for those of us at home who are not living breathing eating venture capital.

0:21.6

Yeah no problem David.

0:23.0

Thanks for having me.

0:24.0

So I've been the editor of the Midas list for 10 years and Forbes has been doing the list for 23 years.

0:30.0

If you're wondering what the heck it is, why we've done it for so long, it is the ranking of the top tech investors in the world, venture capitalists we call them, and Forbes has been making that definitive data-driven ranking since 2000 with one year off during the financial crisis of the odds,

0:45.0

but for a very long time.

0:47.0

Is, I guess, I mean, maybe just before we launch into this year's list,

0:51.0

could you give me a bit of an idea of like what you've seen over the past 10 years from when you started working on the list to now? Like what's the major shift that you've sort of seen?

1:01.0

You know, it's interesting to see these different companies and investors kind of have these

1:06.8

highs and lows over the list, you know, in the years.

1:09.6

We've seen three prominent people retire from last year's list so some Titans of the

1:13.8

industry who people may have heard of before like Gary Tan who retired because

1:18.0

he's now a president and CEO of White Combinator a big startup accelerator

1:21.6

he's off the list this year.

1:23.3

You know, then you have folks like Michael Moritz and Bill

1:25.9

Gurley who are investors in companies like Stripe

1:28.7

and Uber, they have retired and they're off the list. Then you have all

1:34.4

all these new faces come on over the years thanks to newer companies whether it's

1:37.9

open AI or Airbnb going public or bite dance in China.

1:43.6

So in the past year there's been a lot that has changed in the tech space at large.

1:48.9

I wonder what you, how this appears in the list and what's been the major shift of the past 12 months?

...

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