Reed Jobs' Yosemite Fund Secures $350 Million for Cancer Research

Reed Jobs just closed his second fund at three hundred fifty million dollars to make cancer non-lethal. He is not trying to cure the disease. He points to AIDS as a guide for what is possible with modern drug cocktails. Yosemite backs startups and funds early scientific grants to fail cheaply. The new fund follows a previous close of two hundred sixty-three million dollars in twenty twenty-four. His backers include MIT and Memorial Sloan Kettering. Jobs started working in cancer labs as a teenager when his father got sick. He plans to spend his whole life building this firm.