Others like Snowflake (2020), Kuaishou (2021) and Coupang (2021) had outsized impact. The 2020 IPO of home-sharing site Airbnb boosted no fewer than 13 investors onto the list more than two years later (Stripe also counted 13, but did less to boost their chances.) Cryptocurrency exchange Coinbase, a 2021 offering, benefitted another 11 investors – including No. As the world’s most valuable startup at $220 billion, controversial social app TikTok’s parent company ByteDance, where Shen is a board director, still did more to propel investors onto the Midas List than any other company, helping five more investors onto the ranks.īut with the valuations of other startup unicorns like Stripe plummeting in recent months – with the notable exception of Elon Musk’s SpaceX – it’s mostly past IPOs, with their liquid returns, that led to this year’s Midas success. The investor in Chinese unicorns Meituan, Pinduoduo and ByteDance takes the top slot for the fourth time after two years knocked off the perch – his twelfth Midas appearance overall. This year’s top investor is a familiar face: Neil Shen, Sequoia China’s founding and managing partner. Produced in partnership with TrueBridge Capital Partners, the Midas List has long tracked venture capital’s ebbs and flows as the definitive ranking of the top 100 tech investors. The investors who dominate the 22nd annual Midas List represent a return to VC’s roots: early-stage, high-conviction dealmakers who have returned real cash. Fter years of ballooning startup valuations and high-paced dealmaking in venture capital, the traditionalists are striking back in 2023.
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