Steve Jobs' son raises millions to transform cancer into a chronic disease

Reed Jobs, the son of Apple co-founder Steve Jobs, has raised over $200 million for his venture fund Yosemite focused on developing new cancer treatments.

Jan. 30, 2026 at 1:23pm

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Reed Jobs, the son of late Apple co-founder Steve Jobs, has raised over $200 million for his venture capital firm Yosemite, which is focused on developing new cancer treatments and technologies. Jobs believes most cancers can be transformed from fatal diagnoses into manageable, chronic diseases within his lifetime, and plans to invest hundreds of millions to back that goal.

Why it matters

Reed Jobs' personal experience with his father's battle with pancreatic cancer has driven his mission to transform cancer treatment. His venture fund Yosemite is taking a multi-pronged approach, investing in gene therapy, immunotherapy, AI-driven drug discovery, and earlier cancer detection, with the ambitious goal of making cancer a chronic, manageable condition.

The details

After his father's death from pancreatic cancer in 2011, Reed Jobs, now 34, shifted his focus to healthcare. He led the cancer-focused health strategy at his mother Laurene Powell Jobs' Emerson Collective organization, before spinning out Yosemite as an independent venture firm in 2023. Yosemite has now raised over $200 million for its second fund and manages more than $1 billion in assets, with investments in about 20 companies working on gene therapy, cancer vaccines, radiopharmaceuticals, and AI-powered drug development.

  • Reed Jobs was 12 years old when his father Steve Jobs was diagnosed with pancreatic cancer in 2003.
  • Steve Jobs passed away from pancreatic cancer in 2011 at the age of 56.
  • Reed Jobs spun out Yosemite as an independent venture firm in 2023.

The players

Reed Jobs

The 34-year-old son of Apple co-founder Steve Jobs, who has raised over $200 million for his venture capital firm Yosemite to develop new cancer treatments and technologies.

Steve Jobs

The co-founder of Apple, who passed away from pancreatic cancer in 2011 at the age of 56.

Laurene Powell Jobs

The founder of the impact investing and philanthropic organization Emerson Collective, and the mother of Reed Jobs.

Yosemite

The venture capital firm founded by Reed Jobs, which has raised over $200 million for its second fund and manages more than $1 billion in assets.

Amgen

The biotech giant that is a major investor in Yosemite's venture fund.

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What they’re saying

“We think it's going to go from a death sentence to just a chronic lifelong disease. I think it's doable in the timeframe of my lifetime for most cancers.”

— Reed Jobs

“I had never ever wanted to be a venture capitalist. But I realized that when you're actually incubating something and putting it together, you can make a tremendous difference in what assets are part of that, what direction it's going to take, and what the scientific focus is going to be.”

— Reed Jobs

What’s next

Yosemite plans to invest the $150 million it is aiming to raise for its second fund into about 25 companies, continuing its focus on gene therapy, cancer vaccines, radiopharmaceuticals, and AI-powered drug development.

The takeaway

Reed Jobs' personal experience with his father's battle with cancer has driven his ambitious mission to transform cancer from a death sentence into a manageable, chronic condition. His venture fund Yosemite is taking a multi-pronged approach to cancer treatment innovation, with the goal of making significant progress within his lifetime.