that not every new
general partner will
be a diverse can-
didate, we include
a diversity and in-
clusion review on
every discussion
of every position,”
says billionaire
LinkedIn cofound-
er Reid Hofman at
Greylock Partners.
he women of
All Raise are coni-
dent that their in-
vesting success will
speak for itself in a
sector driven by i-
nancial return. To
win, they’re doing
it together—a
new mentality for
women who have,
up until the launch
of All Raise, largely
succeeded alone.
“I’m a capitalist. I
want to win the best deals. I want my irm
to win the best deals,” says Emily Melton, a
partner at DFJ. “But other than that I want
to also see my female colleagues win and be
successful, because I think that helps us all.”staf. A steering committee with deined re-
sponsibilities will allow some members, like
Aileen Lee and Jess Lee, to direct group ef-
forts and others to take on more casual roles.
As has proved to be the case in other in-
dustries, success will be gradual. Forbes con-
tacted 125 partners in 50 male-led venture
irms to ask their views about diversity and
hiring plans. Most didn’t respond. But lead-
ers from 20 irms did. “While we recognize62 | FORBES ASIA APRIL 2018
LEFT: ERIC MCCANDLESS/GETTY IMAGES76 David Yuan /RETURN
REDPOINT VENTURES
APUS
77 Kirsten Green /98
FORERUNNER VENTURES
Dollar Shave Club
78 Quan Zhou /63
IDG CAPITAL
CreditEase
79 Roger Ehrenberg /NEW
IA VENTURES
The Trade Desk
80 Navin Chaddha /73
MAYFIELD FUND
Lyft
81 Ron Conway /4 3
SV ANGEL
Airbnb
82 Peter Levine /87
ANDREESSEN HOROWITZ
GitHub
83 Neil Rimer /NEW
INDEX VENTURES
Funding Circle
84 David K. Chao /RETURN
DCM
SoFi
85 Randy Glein /RETURN
DFJ GROWTH
Ring
86 Ted Schlein /90
KLEINER PERKINS CAUFIELD & BYERS
AppDynamics
87 Jules Maltz /NEW
INSTITUTIONAL VENTURE PARTNERS
Yex t
88 Mamoon Hamid /86
KLEINER PERKINS CAUFIELD & BYERS
Slack
89 Theresia Gouw /74
ASPECT VENTURES
ForeScout
90 Steven Ji /66
SEQUOIA CAPITAL CHINA
Ganji
91 Rich Wong /53
ACCEL
UiPath
92 Asheem Chandna /28
GREYLOCK PARTNERS
AppDynamics
93 Je Crowe /71
NORWEST VENTURE PARTNERS
Spotify
94 Salil Deshpande /33
BAIN CAPITAL VENTURES
MuleSoft
95 Sonali De Rycker /NEW
ACCEL
Spotify
96 Young Guo /NEW
IDG CAPITAL
Meitu
97 Aileen Lee /NEW
COWBOY VENTURES
Good Technology
98 Ping Li /78
ACCEL
Heptio
99 John Vrionis /4 6
UNUSUAL VENTURES
AppDynamics
100 Jan Hammer /NEW
INDEX VENTURES
RobinhoodRANK Name /2017 RANK
FIRM
INNOVATION FACTORIES Notable DealJULES MALTZ
IPOh!
Three of Maltz’s invest-
ments have gone public
in the past year: Dropbox
in March, Web marketing
firm Yext in April 2017,
and enterprise software
maker MuleSoft in March
2017 (Salesforce subse-
quently bought MuleSoft
for $6.5 billion a year
later). Another Maltz
investment, Slack, could
soon IPO too. —K.C.SONALI DE RYCKER
To Russia
With Money
De Rycker, head of
Accel’s London of-
fice, earns her debut
spot thanks in part to
an early bet on Avito,
the Russian version
of Craigslist bought
by South African
conglomerate Naspers in 2015 for $2.7 billion.
De Rycker, a native of Bombay, India, has also
added stakes in Spotify and e-commerce startup
Wallapop to Accel’s portfolio. —K.C.Oscar Meets
Midas
David Fialkow might have just scored the
newest status symbol in venture capital:
an Academy Award. The General Catalyst
cofounder and managing director (No.
82 on last year’s Midas List) took home
a golden statuette in March as a produc-
er of Icarus, the Best Documentary Fea-
ture winner that exposed Russia’s se-
cret Olympic doping program. Picking a
filmmaker and a founder requires a simi-
lar eye, he says. “You have to back great
founders before you have all the facts.
They need to be able to pivot to the op-
portunity and have a great and honest
story to tell,” says Fialkow, 59, who has
produced more than ten documentaries.
“Investors and producers both have to
manage highly creative, super-mission-
driven people and give them resources,
direction and spot opportunities for suc-
cess.” —Steven BertoniIcarus producer David Fialkow and director
Bryan Fogel at the 2018 Oscars with
presenters Greta Gerwig and Laura Dern.SPECIAL THANKS to TrueBridge Capital Partners of Chapel Hill, North
Carolina, for its wisdom and hard work in co-producing the Midas List.
LIST EDITOR: Alex Konrad. ADDITIONAL REPORTING: Igor Bosilkovski,
Biz Carson, Kathleen Chaykowski, Alex Knapp, Samar Marwan.
DATA SOURCE: PitchBook, Dow Jones VentureSource.
Go to FORBES.COM/MIDAS for complete coverage, videos and interviews.
METHODOLOGY: We rank VCs on the number and size of exits over the
past five years, with a premium on bolder and early-stage deals. We count
only exits above $200 million or private rounds valuing companies at
$400 million or more.F