The 31-year-old Reed Jobs named the firm Yosemite after the park where his parents got married. His father, Steve Jobs, died of pancreatic cancer in 2011. Yosemite is a spinoff of the Emerson Collective, the philanthropic organization run by his mother, Laurene Jobs. According to the NYT, the fund already raised $200 million from institutes like MIT, The Rockefeller University, and the Memorial Sloan Kettering Cancer Center.
Steve Jobs son starts $200 million VC fund to find new cancer treatments indianweekender.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianweekender.co.nz Daily Mail and Mail on Sunday newspapers.
Reed Jobs, the son of late Apple Co-founder Steve Jobs, is starting an investment firm to focus on new cancer treatments, and has already closed its debut fund worth $200 million, the media reported on Tuesday.
Reed Jobs, eldest son of Apple co-founder Steve Jobs and philanthropist Laurene Powell Jobs, is stepping into the spotlight. The 31-year-old is launching Yosemite, a venture capital firm to invest in new cancer treatments.