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ver the last two decades, a big stock market listing or sale were key for VCs to land a spot on the Midas List. Now the soaring valuations of a new crop of super-sized private startups like OpenAI, SpaceX and Databricks are shaking up the rankings of the world’s best tech investors.

That shift has seen investors from Silicon Valley like Sequoia and the so-called PayPal Mafia further locking in their positions on the list but it’s also brought a crop of new faces with a talent for picking future unicorns.