Term Sheet

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David Lamond resurfaces

February 16, 2012: 2:43 PM ET

YouTube investor forms new firm.

David Lamond has resurfaced, several months after leaving tech-focused hedge fund Artis Capital. He's launched a new San Francisco-based firm called Lamond Capital, with some of his former Artis colleagues.

David is the son of Pierre Lamond, the National Semiconductor Corp. co-founder who went on to have a 30-year venture capital career at Sequoia Capital (he's since moved on to Khosla Ventures). This relationship is considered by many to be the reason that Artis Capital was able to co-invest on several Sequoia Capital deals. The most notable was YouTube -- acquired by Google (GOOG) for $1.7 billion in 2006 -- while others include Aruba Networks (ARUN), AdBrite and Practice Fusion. The firm also would later co-invest in certain Khosla Ventures portfolio companies, such as KiOR Inc. (KIOR).

David ran the VC practice at Artis Capital, but a source tells me that his new firm will focus only on liquid, publicly-listed investment opportunities.

Lamond himself declined to comment when reached by phone, but Hedge Fund Alert recently wrote the following:

Lamond... is eyeing an April 1 launch with $175 million. He's currently drafting legal documents for the vehicle, tentatively called Tomahawk Fund. Lamond Capital has eight staffers overall. They include former Artis analyst John Schneider. Swift Barnes, meanwhile, was set to arrive this month as chief operating officer. He previously held the same title at Los Angeles equity shop Strata Capital.

Barnes is one of three executives listed on a new regulatory filing from the firm, along with Lamond and general counsel and chief compliance officer Michael Dimitruk.

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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