We used two criteria to identify the best VCs – first, they have had three or more billion dollar tech exits since 2004 in our tech Unicorn VC analysis, and second, they have received grades of “AAA” or “AA” in CB Insights’ Investor Mosaic models. These models are used by LPs to monitor and select VC firms. AAA-rated firms are the top 2% of firms and AA represent the top 10%.
With these two criteria, 12 VCs remained on the list.
We then looked at all companies these VCs first invested in each year since 2010, and broke these investments down by the stage at which their first investment was made. We also tracked the stage breakdown over the past four years to see if there has been a shift in the VCs’ focus.
The investor with the highest proportion of early stage investments is Charles River Ventures, who invested in 90% of their portfolio at the Seed or Series A rounds.
It’s great to see this independent research and analysis speak for itself. It shows our team at CRV have stuck to our knitting - continually backing world class founders from the very beginning and helping them however possible on the path to building enduring companies.