You might be right. I'm trying to find the list of those 20 VCs that generate the top returns on a year by year basis to see if there is consistency.

But there are some repeat winners: a18z, Sequoia, Kleiner Perkins, NEA, index ventures, and a few others that have some name recognition.

Notably 500 Startups is not in this list. Their spray and pray approach didn't really work.