Forbes magazine has published its 2020 Midas List of the top 100 people in the venture capital business.

The list is put together by Forbes and TrueBridge Capital Partners ranks industry participants by the success of the companies that have funded and eventually exited.

Investors are ranked by their portfolio companies that have gone public or been acquired for at least $200 million over the past five years, or that have at least doubled their private valuation since initial investment to $400 million or more over the same period.

One-fourth of men and women on the list have been on the list for eight years.

The 2020 Midas List contains 12 newcomers and six returnees.

The 2020 Midas List

Topping the list is Neil Shen, the founding and managing partner of Sequoia Capital China. He has held the top spot since 2018.

Mr. Shen has run Sequoia China since the doors opened back in 2005. He helped raise a fund of $200 million to invest in the fast-growing Chinese economy.

Under Mr. Shen’s leadership, the firm is now one of the most influential technology investors in China. Their most recent fund raised more than ten times the initial fund at $2.5 billion.

Before joining Sequoia, Mr. Shen had worked as an investment banker at Deutsche Bank Hong Kong, Chemical Bank, Lehman Brothers, and Citibank. He also found Chinese travel company Ctrip and the hotel chain Home Inns before joining the venture capital world.

Mr. Shen is one of a record-setting 22 Chinese investors on this year’s Midas List.

Andrew Braccia of Accel jumped up to number 2 on the list as a  result of Slack going public in June 2019 at a market capitalization of about $19.5 billion. Mr. Braccia led the first run of financing for Slack and led or co-loud every funding round the business technology software platform did before the IPO.

In addition to the Slack IPO 2019, also Mr. Braccia’s investments in podcast company Anchor, grocery delivery service Cornershop, and hotel booker HotelTonight lead to successful sales of the companies he helped finance.

The full list of the Midas List can be found right here.

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