Small, single mode VCSELs have been pursued almost since the inception of the device, but have been difficult to realize. Here we present data on lithographic and oxide-free VCSELs as small as 2 µm in diameter that produce single transverse mode powers of 8 mW and have high efficiency. The efficiencies reach 46% power conversion with greater than 73 % slope efficiency, with threshold current as low as 300 µA. Smaller VCSELs of 1 µm diameter produce 37 % power conversion efficiency with greater than 79 % slope efficiency, and single mode power over 5 mW. The keys to the high performance are the lithographic control and oxide elimination that reduce the electrical and thermal resistances.