Worth The Wait: Midas Newcomers Invested Early In Startups And Scored Big Wins In The Long Run

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Investors debuting on the 2023 Midas list saw their early bets made decades ago come to fruition in recent years.

ne of those patient investors who’s new to the list this year is Laurel Bowden. She’s one of four partners at venture firm 83 North, which manages $2.2 billion in assets across Europe and Israel. She says her investments depend on how interesting a sector is to her and how well she can understand its underlying mechanisms.

Kindred Ventures cofounder Steve Jang says he has faced a similar wait. In 2009, while Jang was building his own song sharing startup SoundTracking , he invested in Uber as an angel investor and advisor. That was back when Uber was a side project in the prototyping phase, he says. The ride-hailing giant IPO’ed ten years later at a $82 billion valuation.

Another newcomer to the list is Topher Conway, who hails from long-term venture fund SV Angel, which was founded 30 years ago by his father, Ron Conway, and has backed giants like Google, Twitter and Airbnb. Topher serves as managing partner at SVA and has been doing investment deals since 2009. Highlights from his investment portfolio include his 2017 round into employee management platform Rippling and his 2015 seed investment into supply chain management platform Flexport .

 

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