It makes sense too. I see being on that list as a negative signal. You’re spending time jumping through the right hoops and social circles to get nominated instead of building.
You can actually nominate yourself for a lot of those. Naturally, that is very attractive to self-aggrandizing bastards with very little to offer to the world.
Costs $30k I believe
What actually happens is the VC firms have a relationship with Forbes and push their most favored start-ups on them. A big chunk of people don’t do anything to get on the list, except write their own bios and of course getting funded by said VCs.
That being said, yes, there’s quite a lot of vain people in there.