Neil Shen, founding managing partner of Sequoia Capital China, ranked No. 15 on the list.

FORBES: Chinese VCs On Midas List Upbeat Despite Slow Growth Fears

While Sequoia Capital China scores one IPO after another on NASDAQ and the NYSE, Kleiner continues to struggle in China.

FORBES: Sequoia Scores in China While Kleiner Fumbles

Could the same thing happen at Sequoia Capital China?

FORBES: Why India Doesn't Have A Baidu - And May Not Ever

The founding partners of the Sequoia Capital China team broke up in China in early 2009, as one prominent example, with Neil Shen carrying the flag forward with a record number of IPOs from China deals.

FORBES: Splitup at Kleiner China proves getting the right mix isn't easy

Douglas Leone of Sequoia Capital, a big venture-capital firm, reckons that in emerging markets like China around 50% of start-ups backed by foreign venture capitalists in the internet and mobile sectors are copycats, and in markets like Brazil it is closer to 70%.

ECONOMIST: Making money by bringing old ideas to new markets