Reed Jobs, the son of late Apple co-founder Steve Jobs, has embarked on a new venture to address cancer treatment. The firm named Yosemite, after the famous Yosemite National Park where Steve Jobs and Laurene Powell Jobs tied the knot, has completed its initial funding round, raising an impressive $200 million from investors and institutions. The venture capital (VC) firm boasts influential backers, including venture capitalist John Doerr, Memorial Sloan Kettering Cancer Center, The Rockefeller University, and MIT.
Following in His Father’s Footsteps
At 31 years old, Reed Jobs is building upon his work at Emerson Collective, a philanthropic organization founded by his mother, Laurene Powell Jobs. His decision to focus on cancer treatment stems from personal experience, as his father, Steve Jobs, succumbed to pancreatic cancer complications in 2011. The tragedy influenced Reed’s career path, leading him to pursue a medical degree at Stanford University initially. However, after his father’s passing, he temporarily shifted his focus to history. Yet, eventually, he returned to the medical field, leading Emerson’s healthcare division.
Transitioning to Venture Capital
Reed Jobs’ journey into venture capital was unexpected but driven by a desire to make a significant impact. He admits to never having wanted to be a venture capitalist, but he recognized the potential to contribute to meaningful change by incubating and supporting innovative projects. His new venture, Yosemite, aims to be a for-profit business while also maintaining a donor-advised fund to support and encourage innovative approaches in the fight against cancer.
A Promising Legacy
Reed Jobs is continuing his father’s legacy by immersing himself in the tech industry. Prior to Yosemite, he held roles as a product manager at Facebook and worked at Google. Additionally, he co-founded Initialized Capital, a venture capital firm. Reed is not alone in carrying on the Jobs’ family legacy; he has three sisters, Lisa Brennan-Jobs, Eve Jobs, and Erin Siena Jobs.
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