"Reed Jobs Launches $200 Million VC Fund for New Cancer Treatments"
Reed Jobs, the son of Steve Jobs, is launching a venture capital firm called Yosemite to invest in new cancer treatments. Inspired by his father's battle with cancer, Jobs has focused on oncology since his teenage years and has raised $200 million from investors and institutions including John Doerr, Memorial Sloan Kettering Cancer Center, The Rockefeller University, and M.I.T. Yosemite will operate as a for-profit business while also maintaining a donor-advised fund to make grants to scientists, creating a cycle of innovation.