Lee Jacobs

The second believer of the magically weird @LongJourneyVC. Previous @angellist. Lover of cities and @rebeccagrubman. Philly native.

[Lee Jacobs @LeeJacobs]

Today, we are announcing that we have doubled our AUM @LongJourney by closing a $181,818,181.8 fund. I can’t be more proud of what @cyantist and I dreamed up 5yrs ago.

For both of us this business has always been deeply personal. Today I would like to explain why it matters to me.

[Ofek Lavian @OfekLavian]

We just raised $40M to solve America’s affordability crisis.

Groceries are the #1 financial stressor in America. Food prices are up 30% since the pandemic. For the 100 million Americans earning under $50K, the money runs out before the month does.

To fix it, Forage is building a network for affordability:

1. For families, we’re building a suite of products to expand financial access

2. For partners, we’re building a revenue growth engine by helping them win on affordability

Today, our technology is used in over 100,000 stores across all 50 states. Our payments volume is up 13x YoY. When grocers switch to Forage, they see a 15% lift in EBT revenue.

We also launched the Forage app, a free tool that helps cost-conscious families check their EBT balances, save on groceries, and earn rewards on every purchases.

US grocery is a $1.5T market. We're just getting started.

Onwards! 🚀

[Lee Jacobs @LeeJacobs]

@jake_zeller @CTurlica @CJ_Reim @maintainx Congrats man!!

[Lee Jacobs @LeeJacobs]

@AndrewBenson Founders Fund has multiple founders…Luke, Kenny, and Sean.

[Hurley @Johnsjawn]

Or go to the Presidio, jump in the ocean, get a coffee at The Mill, watch sunset at Twin Peaks, ride a bike anywhere, see live music, eat a burrito, take a grass nap in GG Park, have beer at The Page, watch the Bay Bridge lights, wander Chinatown, wander Ferry building, run across GG Bridge, walk Fort Funston, eat the best meal of your life with friends…drive any direction for 2hrs. And be deeply grateful for the heavenscape you live in.

[Andy Lapsa @AndyLapsa]

From factory floor to installed on stand in less than 18 hours - not bad for SN1!

[Stoke Space @stoke_space]

Our Stage 1 structure is now shipped, delivered, and ready for testing in Moses Lake, WA. Standing in its full vertical orientation, this flight hardware will be thoroughly vetted before returning to Kent for some final touches before the journey to Cape Canaveral, FL begins.

[Lee Jacobs @LeeJacobs]

@thatguybg A platform that does what exactly?

[Lee Jacobs @LeeJacobs]

@bilalfarooqui @thatguybg Our mission is the be the second believer in the magically weird. We are just as much seed as First Round.

[Lee Jacobs @LeeJacobs]

Was a pleasure!

[Yossi Farro @FarroYossi]

Just visited the @LongJourneyVC House!

Wrapped Tefillin with their amazing and proudly Jewish founder @LeeJacobs.

Their latest fund raised $181,818,181.80 to back what they call “magically weird” founders and support “life and creation.”

And no, all the 18s aren’t random.

In Jewish tradition and numerology, 18 represents “chai” meaning life. A beautiful way to build a fund centered around creation, optimism, and backing builders shaping the future.

[James Proud @jamesproud]

Congratulations to the @googledeepmind team. @jeffdean's work on "TPU brains helping design next-generation TPU bodies" is a powerful demonstration of where AI co-design is heading in semiconductors.

[Ryan Hoover @rrhoover]

Announcing Weekend Fund IV, backed by operators and founders (and maybe you).

When we raised Weekend Fund III, we did something different.

Toward the end of our raise, we announced the fund in public and accepted applications from LPs.

Our goal was to make early-stage venture more accessible and align ourselves with an army of operators and founders to help us and the startups we back.

Over 1,000 people expressed interest to join and hundreds did, but there was a problem. Legally, only accredited investors could participate as an LP. Accreditation laws are well-meaning but limit access to the majority of consumers.

With WF IV, @vedikaja_in and I are doing something different.

Like before, we’re onboarding engineers, designers, researchers, data scientists, salespeople, and other domain experts as LPs in the fund. But this time at a larger scale with USVC.

AngelList recently announced USVC, a new kind of fund that’s accessible to everyone, including the non-accredited. It holds positions in private late-stage companies like xAI, Anthropic, OpenAI, Sierra, and Vercel. I personally invested.

Today, they just announced their investment in Weekend Fund IV, one of the first early-stage funds added to their portfolio.

If you’re interested in being a part of Weekend Fund and getting exposure to generational startups mentioned above, visit usvc [dot] com.

Of course, don’t invest what you can’t afford to lose.

Investing in startups is risky and you may lose all your money. USVC shares are illiquid with no guarantee of repurchase.
Consider investment objectives, risks, charges and expenses carefully before investing. Read the prospectus: usvc [dot] com/prospectus.

Also, USVC is currently limited to US citizens. They’re working to open the fund to other geographies.

Lastly, my DMs are open. :)

[Lee Jacobs @LeeJacobs]

Alex was so so early to the metals market. Happy to see the world catching on to him.

[Maison Neuve @maisonneuve_]

Magrathea Metals (@magratheametals) just raised a $24M Series A.

Total backing is now over $100M.

The company is rebuilding American magnesium production, a hidden material layer underneath aircraft, aluminum alloys, defense systems, and the broader industrial base.

[Lee Jacobs @LeeJacobs]

What an incredible team and mission.

[Otto @ottosipe]

Stoked to announce our $16m Series A led by Healthier Capital. This team made it possible.

I wrote some thoughts about what growth means to me. Read below.

[Cyan Banister @cyantist]

It's so fun to witness @ADoricko.

[AF Post @AFpost]

Augustus Doricko of Rainmaker says his goal is to restore the Colorado River to 1920 levels by 2031 and to restore the Great Salt Lake.

Follow: @AFpost

[Lee Jacobs @LeeJacobs]

What started out as a dream becomes reality. Congrats to @ADoricko + team @RainmakerCorp

[Augustus Doricko @ADoricko]

Mankind has always been at the mercy of the weather.

No longer.

Rainmaker is the first company in history to routinely, unambiguously, modify the weather.

Last quarter, we produced >143MM gallons of unambiguously man-made precipitation.

Here’s how we do it 🧵

[Lee Jacobs @LeeJacobs]

Really awesome to host an incredible crew.

[ADAM @adamcohenhillel]

Shabbat in SF !

thanks @LeeJacobs & Becca for hosting us, and check out https://t.co/2Q7dPc9g2p if you wanna join the next one :)

שבת שלום 🫶

[Lee Jacobs @LeeJacobs]

@pitdesi @iamjakestream Don’t you you guys got a slack or something? :)

[Arcee.ai @arcee_ai]

We are proud to announce that Cody Blakeney has joined Arcee AI as our new Head of Research.

As our technical ambitions grow, having a leader with Cody’s level of research depth and intuition is invaluable. We are thrilled to have him on board.

[Lee Jacobs @LeeJacobs]

+1

[Cyan Banister @cyantist]

Definitely come to this if you are curious about consciousness