Thursday, May 9, 2013

Report: Foundry Group Overlooked In Midas List

Boulder venture capital investors The Foundry Group has a better record than all of the venture capital firms on the Forbes Midas List, according to a report today. Fortune, citing numbers from the University of Texas Investment Management Co., showing the returns from more than 100 venture cpaital and private equity funds, says that Foundry Group's venture returns have been better than all but two of the venture capital firms on the widely watched Forbes Midas List, its annual ranking of the top venture capitalists based on their returns. The report said that Foundry has been overlooked despite its superior returns. None of Foundry's partners made it to the Midas list, despite successes such as Zynga and AdMeld. None of the region's venture capital investors made to the list, despite such local successes as LifeLock and Fusion-io.