Reed Jobs Leaves Emerson Collective to Launch $400M Healthcare VC Fund Yosemite

Reed Jobs, son of Steve Jobs, is departing Emerson Collective to start his own $400 million venture capital fund called Yosemite Fund 1.
The new fund will focus on healthcare startups and invest in companies at various stages.
Jobs is bringing three other senior members from Emerson Collective along to the new fund.
Jobs was previously a managing director at Emerson Collective.
The launch tests investor appetite for new venture funds in the current economic environment.