Former Apple execs form NextEquity, a venture capital fund

Fred Anderson, former Apple chief financial officer, and Avie Tevanian, former Apple senior vice president of Software Engineering, are teaming up in a new venture capital fund dubbed NextEquity, reports Bloomberg.

NextEquity is a play on NeXT, the company Jobs started after he was ousted from Apple in 1985. Tevanian said the Menlo Park, California, firm has already made a few investments but declined to name them. The goal is to back tech start-ups.

Anderson was executive vice president and chief financial officer at Apple from 1996 to 2004. His responsibilities at Apple included oversight of the company's controller, treasury, investor relations, tax, information systems, internal audit, facilities and human resources operations.

Fred Anderson

Fred Anderson

Tevanian a long time friend of Steve Jobs, was senior vice president of Software Engineering at Apple from 1997 to 2003 and chief software technology officer from 2003 to 2006 . He was responsible for setting company-wide software technology direction and was a guiding force in the development of Mac OS X.

Avie Tevanian

Avie Tevanian