Behind every successful IT start-up are brave men and women who risk their money on some 20-somethings and gives them the Midas touch. There are eight Indian or Indian-origin investors on Forbes’ latest Midas list.
Heading the list is Jim Meyer of Accel Partners, who had bet $12.7 million on a Harvard drop-out with a social network (Facebook), a deal that turned into a “once-in-a-generation investment”, said Forbes. With an 11% stake, Accel Partners is Facebook’s second-largest shareholder after Mark Zuckerberg. Breyer personally owns 1% in Facebook.Rob Chandra, a four-time Midas list member, is the highest ranking Indian-origin investor whose investments include India-based Bharat Matrimony and Summit Microelectronics.
Others on the list are Sameer Gandhi, Vinod Khosla, Neeraj Aggarwal, Navin Chaddha, Ajay Aggarwal, Asheem Chandra, and Subrata Mitra.
Khosla, co-founder of Sun Microsystems, “is known for off-the-beaten-path clean-tech investments, including wood-based biofuel, new types of batteries, water purification, greener glass and clean cement,” said Forbes.
Navin Chaddha invested in companies including MakeMytrip and Bharat Matrimony.
Software investor Ajay Agarwal invested in warehouse robot company Kiva Systems, which sold to Amazon for $775 million in March 2012.
Subrata Mitra, who came in 99 on the list, has put money in Flipkart and Amazaon.com.