11 Indian-Americans In Forbes Midas's Best Venture Investors

11 Indian-Americans In Forbes Midas's Best Venture Investors

Thursday, 27 March 2014, 12:12 Hrs
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NEW YORK: Eleven Indian-Americans feature in Forbes magazine's annual list of 100 best venture investors with the "Midas" touch, who made savvy investments in start- ups and then sold off their stakes to pocket nearly $95 billion or 570,000 crore ($1 = 60) in profits.

The 'Midas List' of the 100 best venture capitalists in the world for 2014 has been topped by Jim Goetz, partner at firm Sequoia Capital who was the only institutional backer in messaging service WhatsApp.

Forbes said Goetz's combined $60 million in three rounds to support WhatsApp "epitomises the Midas touch", and WhatsApp's $19 billion or 114,000 crore tag in an announced sale to Facebook means Sequoia's sitting on $3 billion or 18,000 crore in Facebook stock, over twice the total of Sequoia's billion-plus 2010 fund.

This year's Midas List features technology's best investors, whose savvy investments have a made a total of $95.2 billion in exits.

"With 20 fresh faces and seven returnees, the 2014 Midas List is a testament to the big dollars and even bigger bets investors are making today in tech.

"Time will tell whether the frothy market can keep rolling into 2015," Forbes said.

Among the Indian-Americans on the list is Aneel Bhusri, co-chief executive officer, Workday - a cloud-based financials and human resources software firm. Stanford business school graduate Mr Bhusri is ranked 17th on the list and has a net worth of $1.3 billion or 7,800 crore.
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Source: PTI
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