Indians top Forbes’ Midas list of VCs

For the second year in succession, two Indians—Promod Haque and Vinod Khosla—have topped Forbes magazine’s annual Midas list which ranks people who most successfully use venture capital to create wealth for their investors. Haque is at the head of the list, while Khosla occupies the second position. Last year, Khosla was at the top with Haque right behind. In 2002 too, Khosla occupied the second position.

The criteria followed ignores the original amount invested in a deal, as it is often undisclosed. Instead, it looks at the market capitalisation of a venture-backed company on the close of its first day of trading or the purchase price in an acquisition. The change in value of each investment since going public or being sold as well as a VC’s—or lawyer’s, banker’s or recruiter’s—length of involvement and influence with a startup are also considered. (PTI)