Lee Jacobs

Everything Lee Jacobs said on any show that made the record, most notable first. Each card names its show and opens the statement there.

SOURCERY Insight

Jacobs: Standard SaaS business models offer no investing alpha

“Not just like, hey, I've got a business plan, and I'm gonna go and sell SaaS, you know, things. It's gonna be nine 99, and people are gonna love it. Like, everyone says that. There's no alpha in that.”

Lee Jacobs Dec 20, 2024 ▶ 23:36 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

SOURCERY Insight

Jacobs: Feel-good companies that are bad businesses create zero impact

“If it's, i.e. It's not a good business, but it feels good to do it that actually doesn't have an impact at all.”

Lee Jacobs Dec 20, 2024 ▶ 40:10 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

TBPN Disclosure

Jacobs: Long Journey Ventures announces new $181.18M fund

“Today we announced our newest fund, which is a 181.18, as many 18th as we could fit in with 18 on the end of it.”

Lee Jacobs Mar 24, 2025 ▶ 1:15 Investing in the Future and the Importance of Science Fiction

TBPN Disclosure

Jacobs: Long Journey will deploy most fund dollars in the US

“So we've done things all over the world in Europe and in Brazil and stuff like that. But in general, we've always been really excited about what happens in America. And I think if I had to guess, most of the dollars will be deployed that way.”

Lee Jacobs Mar 24, 2025 ▶ 15:20 Investing in the Future and the Importance of Science Fiction

SOURCERY Insight

Jacobs: Great companies look weird at the pre-seed and seed stage

“We've really honed in on what we think great companies look like at the time in which we invest, which is the pre-seed and seed. We think they look quite weird at the time.”

Lee Jacobs Dec 20, 2024 ▶ 1:50 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

SOURCERY Insight

Jacobs: Sourcing Unconventional Founders Compounds Through Their Personal Networks

“When you invest in these people that are really independent thinkers and they end up in interesting companies and start great things, they tend to have friends like that. And so it really compounds on itself.”

Lee Jacobs Dec 20, 2024 ▶ 4:15 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

SOURCERY Disclosure

Jacobs: Long Journey avoids hosting standard venture capitalist AI networking events

“We're never going to do an event that's like a boring AI event where it's like seven VCs and two founders and your job is to like talk about the future of AI”

Lee Jacobs Dec 20, 2024 ▶ 5:12 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

SOURCERY Assertion Supported

Jacobs: Sequoia Capital names office conference rooms after its non-profit LPs

“If you go into their offices you walk in, all the conference names are their LPs. It's Ford Foundation or whomever else is the sort of the causes that back them. And whenever they have an IPO, the you know, the CEO of the company is on the front of the page, b…”

Lee Jacobs Dec 20, 2024 ▶ 35:47 Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · Sourcery with Molly O'Shea

The other half of the tape: Lee Jacobs's own voice is left out of every number here. Other people bring the name up 9 times in 4 episodes across the shows. 1 statement on the record names them. every mention, with the transcript →

Who brings them up most Molly O'Shea 3Arielle Zuckerberg 3John Coogan 1Cyan Banister 1

Statements about Lee Jacobs, by other people (1)

SOURCERY Insight

Banister: Long Journey acts as 'second believer' to hold founders' flames

“These candles are an addition by Lee Jacobs, who's my co-founder of Long Journey, and the idea is that one candle is witness to the other, so you basically find a founder that has a spark, and their flame is going, and so you light your candle off of theirs, a…”

Cyan Banister Jul 10, 2026 ▶ 7:28 "Dig Through Your Couches. SpaceX Needs It." Cyan Banister on Luke Nosek's Pitch · Sourcery with Molly O'Shea

Every mention by year

One line per show, most statements first. The link opens Lee's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

Show	Role there	Eps	Statements	Record
SOURCERYLEDGER	Investor, Long Journey Ventures	1	6	100% 1/1	full record on Sourcery →
TBPNLEDGER		1	2	—	full record on TBPN →
THE PITCHLEDGER	Investor, Long Journey Ventures	1	0	—	full record on the Pitch →