NextEquity Partners makes growth investments in innovative technology and digital media companies


NextEquity is led by an integrated team of investors and operators with extensive experience working with high growth, market leading new media and technology companies and serving as trusted advisors and close business partners to management.

NextEquity's leadership team includes Fred Anderson (former CFO of Apple and Co-Founder of Elevation Partners), Avie Tevanian (former Chief Software Technology Officer at Apple and Managing Director at Elevation Partners), and Adam Hopkins (a Managing Director of Elevation Partners). NextEquity draws upon its principals' deep technology, operating, and growth equity experience managing or investing in companies, such as Apple, Airbnb, Facebook, Sonos, and Yelp.

Prior and Current Investments Made by the Principals
BIO

Fred Anderson

Managing Director

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Fred is a Co-Founder and Managing Director of NextEquity Partners. Fred also serves as a Managing Director and was a Co-Founder of Elevation Partners. Fred has extensive operating and financial experience as a senior executive in the technology industry. From 1996 – 2004, Fred was Executive Vice President and Chief Financial Officer of Apple Computer, and made major contributions to Apple’s turnaround and re-emergence as an industry leader. These contributions included resolving a major liquidity crisis, executing a massive restructuring that returned the company to sustainable profitability, and working with the company’s executive team to reenergize Apple’s revenue and profit growth. As a senior financial executive of several public companies, Fred has been involved in numerous acquisitions and a wide range of other corporate finance transactions, including complex equity and debt financings, and recapitalizations. Fred joined Apple from ADP, where he was Chief Financial Officer and served on the company’s Executive Committee from 1992 to 1996. Prior to joining ADP, Fred held several executive positions at MAI Systems Corporation from 1978 to 1991 including President and Chief Operating Officer and Senior Vice President and Chief Financial Officer. Before starting his career in private industry, Fred served as a Captain in the U.S. Air Force and was a CPA and a consulting manager with Coopers & Lybrand from 1972 to 1977. Fred holds a BA from Whittier College and an MBA from UCLA. Fred previously served on the boards of directors of Apple, Palm, Move, Sonos, Crystal Decisions and 3COM, and on the Financial Accounting Standards Advisory Council. Fred currently serves on the boards of directors of eBay and Yelp.
BIO

Avie Tevanian

Managing Director

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Avie is a Co-Founder and Managing Director of NextEquity Partners. Avie also serves as a Managing Director of Elevation Partners, joining the firm in January 2010. Avie has more than two decades of operational and software expertise in consumer and enterprise technology businesses. Most recently, he was a member of the senior executive team at Apple, Inc., where he led the company’s software strategy as Chief Software Technology Officer. Avie spent nearly ten years at Apple as part of the executive leadership team that turned around the company. While at Apple, he also served as Senior Vice President of Software Engineering, leading the software engineering team that developed Mac OS X, the operating system that still today powers Apple’s desktops and notebooks and that served as the base for iOS, which today powers Apple’s iPhone, the iPod Touch, and the iPad. Earlier in his career, Avie was Vice President of Software Engineering at NeXT Computer and was responsible for managing NeXT’s software engineering department and the NeXTSTEP operating system. Avie holds a B.A. in mathematics from the University of Rochester and earned his M.S. and Ph.D. degrees in computer science from Carnegie Mellon University. While at Carnegie Mellon, he was a principal designer and engineer of the Mach operating system, on which OS X and iOS are based. He currently serves on the board of directors at Dolby Laboratories, Inc. and is a former Board member of Tellme Networks, Inc., an internet telecom company acquired by Microsoft.
BIO

Adam Hopkins

Managing Director

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Adam is a Co-Founder and Managing Director of NextEquity Partners. Previously, Adam was a Managing Director and founding principal of Elevation Partners. He has broad technology and media investing experience, including working on investments in Yelp, MarketShare, Sonos, Airbnb, Uber, The RealReal and Business Talent Group. Prior to Elevation, Adam was an Associate at Silver Lake Partners where he evaluated, executed and monitored investments in the technology sector. Previously, Adam worked as an Analyst at Morgan Stanley Capital Partners where he assessed private equity investment opportunities in the technology, media and communications industries. Adam graduated summa cum laude from Princeton University with an A.B. in Economics, and he received an M.B.A. from the Stanford University Graduate School of Business, where he was an Arjay Miller Scholar. Adam previously served on the board of directors of MarketShare (acquired by Neustar) and currently serves on the board of directors of Business Talent Group.
BIO

Rami Reyes

Principal

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Rami is a Co-Founder and Principal at NextEquity Partners. Previously, Rami was a Principal and prior to that a Senior Associate at Elevation Partners, where he participated in all aspects of the investment process, with a focus on investment analysis, due diligence, transaction execution and business analytics. He has broad technology and media investing experience, including working on investments in Facebook, MarketShare, Sonos, Airbnb, Uber, The RealReal, and Business Talent Group. Rami graduated with a B.S. in Economics from the Wharton School of the University of Pennsylvania, where he received the Dean's Award for Excellence, the school's top graduation award. Rami previously served on the board of directors of MarketShare (acquired by Neustar) as a board observer and currently serves as a board observer on the board of directors of Business Talent Group. Rami serves as Co-Founder and Co-Chair of the Leadership Council for Sponsors for Educational Opportunity's San Francisco Scholars Program.
BIO

Steve Vafier

Principal

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Steve is a Principal at NextEquity Partners. Previously, Steve was a Principal and prior to that a Senior Associate at Elevation Partners, where he participated in all aspects of the investment process, with a focus on investment analysis, due diligence, transaction execution and business analytics. He has broad technology and media investing experience, including working on investments in Yelp, Facebook, MarketShare, Sonos, Sharethrough, and Airbnb. Previously, Steve worked as an Investment Banking Analyst at Morgan Stanley in the industrials group. Steve graduated with a B.S. in Business Administration from the UNC at Chapel Hill.
BIO

Ted Meisel

Senior Advisor

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Ted is a Senior Advisor with NextEquity Partners. He also serves as a Senior Advisor with Elevation Partners. Ted brings extensive experience in the operations and strategy of digital media and advertising companies. Ted is the former CEO of Overture Services, the pioneer of search advertising. He joined the company (originally GoTo.com) in 1998 and led it to $1 billion in worldwide revenues by 2003, its fifth full year of operations – when Yahoo! acquired Overture for $1.8 billion. Ted stayed on as president of the newly-named Yahoo! Search Marketing division for two years, integrating with other Yahoo! units and leading it to continued and rapid revenue growth and an expanded worldwide footprint. Prior to Overture, Ted was an executive at CitySearch, now a division of IAC/Interactive Corp. CitySearch became the leading internet city guide, ultimately absorbing its main competitor, Microsoft’s Sidewalk. His responsibilities at CitySearch included editorial, product management, product design, professional services, business development, and engineering. Before he became an internet executive, Ted spent eight years with the consulting firms of McKinsey & Company and Strategic Planning Associates (now Mercer Management Consulting) in Los Angeles, Washington, D.C. and Singapore. Ted is also an active angel investor in and advisor to a number of early stage companies. He is the Chairman of WiserCare (shared decision making for patients with a diagnosed condition), a board member of Tap11 (platform for marketers to leverage social media), and an advisor to FatTail (workflow and yield management platform for publishers). In addition to his business interests, Ted is Chairman of the board of Hope Street Group, a bipartisan group of business leaders and professionals devoted to changing socioeconomic policy so that we have a vibrant middle class as the century unfolds. HSG is especially active in reforming our education and health care systems. Ted holds a B.A. from Dartmouth College and a J.D. from Stanford Law School, and lives in Los Angeles. Ted previously served on the board of directors at Forbes Media and Marketshare.
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3000 Sand Hill Road, Suite 4-140
Menlo Park, CA 94025
(650) 687-6800
info@nextequity.com