Sequoia China head Neil Shen tops Forbes’ global list of leading technology venture capitalists
2018 Midas List highlights growing power of Chinese start-ups, as 16 China-based or -born VCs make the 100-person list, the largest number ever
Hongkonger Neil Shen, head of Sequoia Capital China, tops this year’s Forbes’ 2018 Midas list, which ranks the world’s top 100 venture capitalists (VCs) who have made strong exits or notable investment deals involving technology start-ups.
He is joined in the top 10 by J.P. Gan, a managing partner of Qiming Venture Partners, who’s ranked eighth.
Shen, ranking 11th in 2017, is one of the three Sequoia Capital venture capitalists to make the Midas top 10 this year, and one of 16 China-based or China-born VCs to make the 100-person list, the largest number ever.
The other two Sequoia entires were Jim Goetz, a partner based in Menlo Park California, who held the top spot for the past four years but this year descended to third place, and Doug Leone, the managing partner who oversees the firm’s global operations, who ranked ninth.
The Midas list is based on two primary yardsticks measured over the last five years: all exits, either through initial public offering (IPO) or merger and acquisition, valued at US$200 million each, and financing rounds in a private company that have valued the start-up at US$400 million and above.