It’s been a pretty exciting last 12 months for Gideon Yu. And the last 12 months are coming full circle for him too—soon, he’ll be he may be getting back into investing. Yu’s new gig will be at his own fund Yu is considering becoming an advisor to a new early-stage venture fund, tentatively slated to be named Formation 8.

Last April, Yu split from Khosla Ventures, after about two years with the venture firm (Yu’s LinkedIn profile makes no mention of his stint with the firm). Then, the following month, Yu took on the role of “Chief Strategy Officer” with the then-lowly San Francisco 49ers, which, in May, were bringing in a new head coach and looking toward a rebuilding year. It was at this point tongues out West began wagging that Yu would eventually look to assume control of an NFL franchise.

In June, Yu quit the board of Square, the payment services firm he brought Khosla to back. As the 49ers gained momentum last fall, Yu, who remains their CSO, did as well. He started speaking with top talent and limited partners as he mapped out plans to work with Formation 8for his own VC fund; sources have said the effort includes Jim Kim, another Khosla alum who, just like Yu, also does not include his former affiliation on his LinkedIn profile. We could find no federal filing yet submitted for Formation 8.

Sources declined to make any specifics clear on Formation 8. It is unclear how much outside cash the former entrepreneur and ex-Khosla VC will accept for his new fund. Between his year-long stint as CFO of YouTube prior to that company’s sale to Google, and his nearly two-year run as CFO of Facebook, Yu has both the capital and connections to operate independently advise Formation 8. Sources indicated that, true to his experience and his background with Khosla, the forthcoming fund will back early-stage tech and Internet plays.

(CORRECTED: A representative from Formation 8 contacted peHUB to deny that Yu is a founder with the fund, as originally stated in the story. He did say that Yu is considering an advisory role. The headline and the story have been corrected to reflect this information.)

Related posts:

1. J-Dubs Redux: Beaten, Abandoned, & Left For Dead, J.W. Childs Is Back: CORRECTED
2. Dorsey’s Square Backed by $141M in VC -CORRECTED
3. Harvard MBA Student to Launch Business Incubator with Support from Accel-CORRECTED
4. Startups Seek Enterprise Business But Not Venture Money At Under The Radar – Corrected
5. Askew Named MD of Brazo’s Business Development–CORRECTED