They also boosted rankings for investors such as Scott Sandell at number 8 (who also has Tableau Software, which just filed for an IPO), Sequoia Capital's Douglas Leone and Jim Goetz at numbers 4 and 7 respectively, and Greylock Partners' Aneel Bhusri and Asheem Chandna at 14 and 20 respectively. These companies spanned areas that could have lasting impact on business, such as security, big data, virtualization, wireless, IT management and cloud computing. Meraki and Nicira each were acquired for more than $1 billion, showing the strong appetite of large corporations to acquire disruptive technology. The focus on Facebook may have drawn attention away from some enterprise companies with IPOs, such as Workday, ServiceNow, Palo Alto Networks, Ruckus Wireless and Splunk. However, despite Facebook's massive exit, many of the largest exits in 2012 were in enterprise technology. Jeremy Levine of Bessemer Venture Partners, at number 9, invested in Yelp and LinkedIn, as well as one of the hottest new social media companies, Pinterest. And there were exits from enterprise-focused social media companies, such as Yammer and Buddy Media. There were also some other large consumer tech exits last year, such as the mergers or acquisitions of Instagram (acquired by Facebook), OMGPOP (acquired by Zynga) and Tudou in China and as well as the IPOs of Kayak, Yelp, Trulia and China's VIP Shop. Venture capital is a hits business where one outsized outcome (think Google) can change the fortunes of a firm and make irrelevant many other losses. These venture investors provided fantastic returns to their limited partners.
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