Former Apple VP Avie Tevanian Joins Fred Anderson at VC Firm

Former Apple vice president Avadis "Avie" Tevanian has joined Elevation Partners, a venture capital firm cofounded by former Apple CFO Fred Anderson. Among other projects, Elevation Partners is the largest investor in Palm Inc., a firm currently headed by former Apple vice president Jon Rubinstein.

According to the Dow Jones Newswire, Mr. Tevanian will join Elevation as a managing director with responsibilities in evaluating new investment opportunities. He will also advise those companies the company invests in and help develop the firm's overall strategy.

Avie Tevanian
Former Apple VP Avie Tevanian

Something else that Mr. Tevanian has in common with Fred Anderson and Jon Rubinstein is that all three came to Apple from NeXT, the company founded by Steve Jobs after his ouster from Apple in the mid-1980s that was subsequently bought by Apple. It was the NeXTSTEP operating system that became the foundation of Mac OS X, whose development was headed by Mr. Tevanian.

Mr. Tevanian left Apple in 2006, as did Jon Rubinstein. Fred Anderson resigned his position as CFO for Apple in 2004, and joined Apple's board of directors a few days after that resignation went into effect. He resigned from Apple's board in October of 2006 in the wake of an SEC investigation into the way Apple granted a stock award to CEO Steve Jobs.

One last note: Another investor in Elevation Partners is Bono, the only investment team member listed on Elevation's site with just the one name.