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Diamondhead Co-Founders Join Onset

Raman Khanna and David Lane, co-founding partners of Diamondhead Ventures, have joined Onset Ventures as managing directors. The pair launched Menlo Park-based Diamondhead in 2000 with a $140 million fund, and invested in 21 different IT companies. The move to Onset signals that there will not be a second Diamondhead fund, as the firm's venture advisors also will become involved with Onset Ventures. www.dhven.com www.onset.com