Lee Jacobs

Investor, Long Journey Ventures · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

Lee Jacobs is an investor at Long Journey Ventures. The firm focuses on unique founders and has backed companies including SpaceX, Uber, Anduril, Crusoe, Notion, DeepMind, Loom, and Postmates.

6statements → 1claims → 1claims resolved → 4.17/5average certainty → 2.17/5average debate potential → 8said about them ↓

1 supported 0 partly supported 0 contradicted how the 1 claim stands · each chip opens the sources

1 assertion · 4 insights · 1 disclosure · every statement was checked. The predictions and assertion are the 1 claim: statements the public record can support or contradict. 1 is resolved. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Lee argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

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

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Lee Jacobs on measured tape to publish a rate. This says nothing about how they speak.

Everything Lee Jacobs said on Sourcery that made the record, most notable first. Filter by type, assessment or year in the ledger →

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
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
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
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
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
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 7 times in 2 episodes on Sourcery. 1 statement on the record names them. every mention, with the transcript →

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

Statements about Lee Jacobs, by other people (1)

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

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Appearances (1)

EpisodeDateSpeaking time
Cyan Banister & Lee Jacobs: Investing in 'The Magically Weird' | SpaceX, Uber, Anduril · S Dec 20, 2024 18m
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