- FINAL SUBMISSION DEADLINE: JANUARY 25, 2019
- PUBLICATION DATE: APRIL 2019
We are now accepting applications for the 2019 Midas List. If you have any questions about the Midas List, Midas List Europe, Brink List, the online submission process, or would like to be notified once the data submission site is open, please email firstname.lastname@example.org or email@example.com. You may also contact TrueBridge directly by phone at 919.442.5201.
Once you've submitted, we would love to call your attention to our Brink List of rising stars in VC. Our data partner TrueBridge Capital Partners has long published this list of up-and-comers we believe have a good chance of cracking the main Midas List in future years.
We encourage any of you to nominate emerging leaders outside your own firms. Think a partner at your own firm merits consideration (or you yourself)? They can demonstrate it by having a co-investor or peer fill out a nomination, too, even if they didn't submit for Midas.
Brink List members broadly fall under 3 main criteria to merit inclusion.
Momentum: The investor has a portfolio that while not-quite Midas ready, demonstrates emerging winners that should lead to a Midas placement soon, such as a multi-billion company that hasn't yet exited. (Investors who finish in the second 100 of the list rankings are automatically considered.)
Position: The investor has attained a role at a firm, or helped start their own, in a manner that suggests they're well-positioned to add more blue-chip deals.
Reputation: The investor has earned the respect of other leading VCs and can demonstrate a buzz or goodwill that makes their inclusion in future breakout companies more likely.
How We Build the Midas List
Since 2001, The Midas List has recognized the top 100 venture capitalists who make big, early bets in the leading tech companies of the future and who create exceptional value for their investors.
First, we use submissions from venture capitalists, as well as Dow Jones VentureSource exit data and historical lists, to form a comprehensive set of data points for the Midas model.
Last Year's Midas List
- 131 VC Firms Included
- 3,131 VC Deals Included
- 41,712 Total Data Points
- 434,228 Total Calculations
Next, we calculate a ranking for each VC’s investment in a qualifying company, which is based on generated deal value, size of exit or private valuation, and other key metrics weighted to favor more recent deals, earlier stage investments, and higher investment multiples. We then aggregate the number of "winning" investments per VC to determine his or her total deal attribution score, which informs a deal metric ranking against his or her peers. Then, we consider the total number of qualifying deals, i.e. deal count, per each VC to determine his or her deal count ranking. Below we break down how each of these ranking scores are determined.
A Look Into the Model
Ranking By Deal Metrics
In this simplified example we demonstrate how the model considers deals by three VCs who invested in the same company, XYZ, at different stages. Each VC who is invested in the company receives a score for his or her deal based on several variables (see top row for select sample metrics). This process is repeated for all companies attributed to each VC -- which amounts to a total deal attribution score. This score determines the ranking by deal metrics for each individual.
A Look Into the Model
Ranking By Deal Count
Here we demonstrate how the model considers the total number of investment deals attributed to each VC, with a weighted emphasis on exited companies. Together, the number of exited and private deals amount to a total deal count score. This score determines the ranking by deal count for each VC.
The Midas List
Together, the rankings by deal metric and deal count, coupled with a review by experienced institutional investors and venture experts, determine a VC’s position on The Midas List.