Tech News
August 6, 2023

Son of Steve Jobs, Unveils $200 Million Venture Fund to Support Cancer Treatments

Yosemite has already secured $200 million from notable individuals and institutions. The firm will operate as a for-profit business while also maintaining a donor-advised fund to support scientists and grant research opportunities.

Reed Jobs, Son of Steve Jobs, Steps Into the Limelight with Yosemite, a $200 Million Venture Capital Firm Focused on Pioneering Cancer Treatments

Reed Jobs, the 31-year-old son of Apple co-founder Steve Jobs and philanthropist Laurene Powell Jobs, has emerged from his behind-the-scenes role to make a significant impact in the fight against cancer. DealBook recently reported that Jobs is launching Yosemite, a new venture capital firm dedicated to investing in groundbreaking cancer treatments.

The firm's name, "Yosemite," holds sentimental value as it pays homage to the national park where Reed's parents were married. Yosemite has already secured $200 million in funding from prominent individuals and institutions, including MIT, Memorial Sloan Kettering Cancer Center, and John Doerr.

The inspiration behind Yosemite's mission lies in a personal tragedy – the loss of Reed's father to pancreatic cancer in 2011. At the time, Reed was an undergraduate student at Stanford, pursuing a career in medicine. However, deeply affected by his father's passing, he shifted his focus to history and eventually earned a master's degree. He later joined his mother's philanthropic organization, Emerson Collective, which focuses on impact investing.

Yosemite, a spin-off from Emerson Collective, builds on Reed's previous role as the managing director of health at the organization, where he collaborated with entrepreneurs, researchers, and patients to accelerate cancer research.

While Yosemite will operate as a for-profit business, it will also maintain a donor-advised fund to support scientists through grant funding. This approach aims to fuel innovation and potentially participate in the commercialization of groundbreaking treatments, ensuring that advancements benefit both patients and investors alike.

Reed Jobs has three siblings: Lisa Brennan-Jobs, Eve Jobs, and Erin Siena Jobs. The family's collective commitment to making a difference in cancer research underscores their determination to carry on Steve Jobs' legacy of innovation and impact.

As we eagerly anticipate more information about Yosemite and its ambitious mission, we are inspired by the passion and dedication of Reed Jobs to revolutionize cancer treatments and make a lasting impact on the world of healthcare

Shahin Alam

Technical Content Writer

I am a designer & business analyst. Throughout my career, I just did not design interfaces. I helped my client to build a business as well. I have focused on how human psychology, design, and technology intersect. It is this awareness and understanding that leads me to distill complex problems into simple and elegant solutions.

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