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Three Indians on Forbes' top VC list
Google board member Ram Shriram is among three Indian investors who have made it to the top 10 in the Forbes Midas 100 list of VCs.
Google board member Ram Shriram is among three Indian investors who have made it to the top 10 in the Forbes Midas 100 list of venture capitalists.
It is for the first time that three Indians have made it to the list.
Shriram, an early investor in Google, is ranked sixth on the list which is topped by L John Doerr and Michael Moritz.
Pramod Haque and Vinod Khosla, the other two Indians, who are on the eight and ninth position on the list and have slid from the top two slots they were occupying last year.
The Midas list seeks to identify individuals who deploy venture capital to create wealth for investors. The ranking formula weighs most heavily the market captilisation of a venture-backed company on its first day of trading or the purchase price in an acquisition.
Shriram, 48, who has made a steep climb to the list, is believed to hold around 5.1 million shares of Google. Google shares are currently trading at $180 per share. Co-founder of the shopbot Junglee.com, Shriram was an early investor in Google.
However, this year's list has seen the downfall of Haque, who held the top position last year, to number eight.
Haque, 56, has been described by the list released last week as having a "quiet year".
Khosla, 50, who slid from his second position last year to ninth this year has been described by the list as "semi-retired now, which means he is now only working 80 hours a week." Khosla is working on microloans in India.
