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Why SoCal's VCs Are Ignored On Forbes' Midas List, By The Numbers

Ever wonder why Southern California venture capitalists rarely, if ever, make it onto the Forbes Midas List of the best venture capitalists? An interesting post by William Hsu of Mucker Capital shows that the list is strongly weighted towards venture capitalists who have gone to Stanford University, investors who worked for McKinsey & Company, or who have worked for Morgan Stanley. The Forbes' list hasn't included a Southern California venture capitalist since around 2006, when it included Jim Armstrong (then at Clearstone Venture Partners), Brad Jones (then at Redpoint Ventures), Andrew Senyei of Enterprise Partners, Bill Elkus, also of Clearstone, and James Blair of Domain Associates. Despite the constant shutout, other, Bay Area venture capitalists were credited with such Southern California successes as Cornerstone OnDemand and Green Dot, and more recently, Snap.