2023-08-08 07:15:46
The Apple co-founder died in 2011 from pancreatic cancer.
October 5, 2011. Aged 56, Steve Jobs dies of pancreatic cancer. The son of the iconic co-founder of Apple, Reed Jobs, is then on the benches of the preparatory medicine at Stanford. “This tragedy forged my will to surpass myself in order to be able, one day, to help heal the sick”, he explained on Tuesday August 1 on American television.
Almost twelve years later, the 31-year-old announced to viewers that he had launched his very first venture capital company, named Yosemite – in reference to the Californian park where his parents were married, dedicated to financing medical research, including new cancer treatments.
Reed Jobs has already managed to complete an initial fundraising of $ 200 million, including from institutional investors such as MIT and Memorial Sloan Kettering Cancer Center, indicates Le Figaro.
Yosemite is a subsidiary of Emerson Collective, the philanthropic organization founded a few years ago by his mother, Laurene Powell Jobs, where Reed Jobs served as chief health officer, including making grants to laboratories. Before launching his own investment fund.
According to New York Times, Reed Jobs’ organization will have an unusual operating model. On the one hand, it will act as a for-profit association for investments, and on the other, as a fund that can grant grants to scientists and researchers. Two facets to create a virtuous circle for innovation, argued the thirties.
[avec Le Figaro et The New York Times]
1691480002
#Steve #Jobs #son #creates #investment #fund #cancer