John Vrionis is stepping down as a partner with Lightspeed Venture Partners, which he joined in 2006, multiple sources tell Axios.

• Future plans: He's expected to raise a seed-stage fund, with some early talk of a $150 million target. He also will remain a venture partner with Lightspeed and maintain his current portfolio board seats.
• Resume: His portfolio companies have included AppDynamics, Docker, MuleSoft, Nicira and Nimble Storage.