Fundraising Fox

Lee Jacobs

Investor

General Partner at Long Journey Ventures

San Francisco

Writes $100K – $1M checks · typically $500K

About

Lee Jacobs is a founding partner and general partner at Long Journey Ventures, a seed-stage venture firm whose capital comes from established technology investors. Alongside his partners, he has backed companies including Uber, SpaceX, Niantic, and Postmates.

Invests in

AI & Machine LearningBiotechClimate TechCloud ComputingConsumerCreator EconomyCrypto & Web3Data & InfrastructureDeep TechDeveloper ToolsDirect to ConsumerE-commerceEdTechEnterprise SoftwareFintechFoodTechFuture of WorkGamingGovTechHardwareHealthtechInsurTechIoTLogistics & Supply ChainMarketplacesMedia & EntertainmentMedical DevicesMobility & TransportationPropTechRoboticsSaaSSocialSpace TechTravel & Hospitality

Beyond investing

Founded
Cofounded the venture capital fund Edelweiss with Brian Balfour, Elaine Wherry, and Todd Masonis. Founded the startup Colingo.
Education
Studied sociology at the University of Pennsylvania.
Communities
Began traveling to Brazil in 2011 for his startup Colingo and built ties to the Brazilian startup ecosystem, introduced by his friend Bedy Yang.
More
Moved from Philadelphia to Silicon Valley in 2010.

From Lee's own website — common ground for a warm intro.

Experience

  1. Long Journey VenturesFounder and General Partnercurrent2018 — present
  2. CrusoeSecond Believercurrent2018 — present
  3. Together AISecond Believercurrent2022 — present
  4. SubstrateSecond Believercurrent2022 — present
  5. TruemedSecond Believercurrent2022 — present
  6. Anduril IndustriesInvestorcurrent2021 — present
  7. AngelListAdvisorcurrent2013 — presentSan Francisco Bay Area
  8. AngelListPartner2015 — 2018San Francisco Bay Area
  9. MindbloomSecond Believercurrent2018 — present
  10. Modern AnimalSecond Believercurrent2018 — present
  11. EdelWeissFounder and Managing Partnercurrent2015 — presentEdelweiss.VC
  12. Kettle & Fire Bone Broth - Shelf Stable Organic Bone BrothSecond Believercurrent2016 — presentSan Francisco Bay Area
  13. PipefyI go to board meetingscurrent2018 — present
  14. LoomSecond Believer2016 — 2023
  15. 500 StartupsMentor2013 — 2018
  16. MHS CapitalInvestor2014 — 2015San Francisco Bay Area
  17. ColingoAdvisor/Investor2013 — 2014
  18. ColingoFounder and CEO2010 — 2013
  19. Comcast Interactive MediaSr. Product Manager2008 — 2010
  20. University City West PropertiesPartner2008 — 2010
  21. Comcast Interactive MediaIntern to Executive Vice President2007 — 2008
  22. Campus DockCo-Founder2006 — 2007

Skills & more

Marketing Strategy13Business Development21Business Strategy16Social Networking5Start-ups36Entrepreneurship24Strategic Partnerships5E-commerce4Competitive Analysis2Venture Capital12Digital Strategy1New Business Development2
+6 moreMarketingProduct ManagementMergersFundraisingLeadershipStrategy

From Lee's professional profile.

Investments

Board seats

Pipefy

Investor

AndurilBlue BottleCheckrCOMP (Compound)Crusoe EnergyDandelion ChocolateDescomplicaGametimeKettle and FireLoomMindbloomPopShop LiveRappiWhistleWonderschool

Sources: the investor's own website · curated public sources.

Writing

All posts ↗

Lee Jacobs writes about early-stage venture investing practices, covering pro-rata rights and the 20% Series A ownership threshold, how investors should define a strategy fitting their personality and stage, and how to build a distinctive sourcing approach and value proposition to founders.

VC Collusion: Pro-Rata and The Arbitrary 20%2019-07-09

Discusses pro-rata rights and Series A investors' 20% ownership thresholds, arguing founders should treat that number as a negotiation starting point tied to the value provided.

Colleagues at Long Journey Ventures

Aaron VanDevender
Advisor at Long Journey Ventures
Andrew Look
Advisor at Long Journey Ventures
Arielle Zuckerberg
General Partner at Long Journey Ventures
Brian Balfour
Growth Leader, Entrepreneur, & Angel Investor
Carolena Leon
Platform Associate at Long Journey Ventures
Cyan Banister
Co-founder & General Partner at Long Journey Ventures
Dani Tustin
Chief Financial Officer at Long Journey Ventures
Elaine Wherry
Advisor at Long Journey Ventures

Network7

Ajay VasheeScout
Investor at IVP (Institutional Venture Partners)
Alexander AghassipourScout
Zendesk co-founder and former Chief Product Officer, Founder Emeritus, Nordic Makers partner and design-led software investor.
Amit SharmaScout
Founder/GP at Black Jays Ventures
Andy ChouScout
Investor at 11.2 Capital
Arielle ZuckerbergScout
General Partner at Long Journey Ventures
Elaine WherryScout
Advisor at Long Journey Ventures
Elias TorresScout
Investor at Array Ventures Management Llc

Investors connected to Lee in public investor directories — a warm-intro map.

Frequently asked questions

Who is Lee Jacobs?
Lee Jacobs is a founding partner and general partner at Long Journey Ventures, a seed-stage venture firm whose capital comes from established technology investors. Alongside his partners, he has backed companies including Uber, SpaceX, Niantic, and Postmates.
Where does Lee Jacobs work?
Lee Jacobs is General Partner at Long Journey Ventures.
What does Lee Jacobs invest in?
Lee Jacobs invests in AI & Machine Learning, Biotech, Climate Tech, Cloud Computing, Consumer, Creator Economy, Crypto & Web3, Data & Infrastructure, Deep Tech, Developer Tools, Direct to Consumer, E-commerce, EdTech, Enterprise Software, Fintech, FoodTech, Future of Work, Gaming, GovTech, Hardware, Healthtech, InsurTech, IoT, Logistics & Supply Chain, Marketplaces, Media & Entertainment, Medical Devices, Mobility & Transportation, PropTech, Robotics, SaaS, Social, Space Tech, Travel & Hospitality.
What check size does Lee Jacobs write?
Lee Jacobs typically writes checks of $100K – $1M.
What boards does Lee Jacobs sit on?
Lee Jacobs holds tracked board seats at Pipefy.
What companies has Lee Jacobs invested in?
Investments tracked here include Anduril, Blue Bottle, Checkr, COMP (Compound), Crusoe Energy, Dandelion Chocolate, Descomplica, Gametime, Kettle and Fire, Loom, Mindbloom, PopShop Live, and 3 more.
Where did Lee Jacobs go to school?
Lee Jacobs studied at University of Pennsylvania (Bachelor's degree, Sociology); William Penn Charter.
What has Lee Jacobs written?
Lee Jacobs has 1 tracked post on leejacobs.co, including "VC Collusion: Pro-Rata and The Arbitrary 20%".

Same school

Also attended University of Pennsylvania824

Brian ActonCo-founder of WhatsApp; co-founder of Signal FoundationKunal BahlCo-founder of Snapdeal; co-founder of Titan CapitalDasha MaggioPartner at Felicis Ventures, writer on venture capital and founder psychologyNancy WangInvestor at Felicis VenturesLeah von SiemensPartner at Manta Ray VenturesEghosa OmoiguiFounder and Managing General Partner at EchoVC Partners

+ 818 more

Shared employers

Also worked at AngelList70

Cyan BanisterCo-founder & General Partner at Long Journey VenturesWesley ChanInvestor at Felicis VenturesHelen MinEarly-stage investor and marketing advisor to startupsMehul KumarInvestor at FJ LabsBrendan BakerPartner at Rackhouse Venture Management LpMatt MocharyInvestor at Fortius Ventures

+ 64 more

Also worked at Mindbloom1

Jonathan FentzkeGeneral Partner at Far Out Ventures

Also worked at Loom11

Trevor OelschigInvestment Team at General CatalystIlya FushmanPartner at KPCBAndrew ReedPartner at Sequoia CapitalJoshua GoldenbergDesign Executive-in-Residence at Amplify PartnersAndy ChouInvestor at 11.2 CapitalShahed KhanCo-Founder and CEO at Hyper

+ 5 more

Also worked at 500 Startups145

Kaz TeradaVenture Advisor at Monta Vista CapitalChristal NgAssociate at Golden Gate VenturesDemi ObayomiPrincipal at Sapphire VenturesGbenga AjayiPartner, Head of Africa and Middle East at QED InvestorsJustin LedbetterChief Operating Officer, Marlan Space at Cortado VenturesJessica KohSenior Executive Director, Investment at Vertex Ventures Sea Management Pte. Ltd.

+ 139 more