Forbes released the 2013 Midas List for Venture Capital today, proving that to be successful in VC, all you need is one big hit. Five of the top ten names on the list invested in Facebook, the largest tech IPO of 2012.
Waze Raises $30M to Expand into China
Waze, the social GPS and traffic app, has raised a fresh $30 million from Li Ka-shing’s Horizon Ventures, and Kleiner Perkins Caufield & Byers’ iFund and Digital Growth Fund. This brings their total funding to over $57 million. Waze is headquartered in Israel but has another main office in Palo Alto.