News Summary

• Steve Jobs' son says San Francisco's real estate slump helped shift Silicon Valley's center of gravity up north.
• Reed Jobs said Palo Alto and the South Bay were "where all the juice was" during his father's career.
• Jobs, 34, is the son of Apple cofounder Steve Jobs and philanthropist Laurene Powell Jobs.
• He previously led healthcare investing at his mother's Emerson Collective before spinning out Yosemite as an independent firm in 2023.
• "We're building Yosemite to be right in the thick of things.
• So, we're building it here in San Francisco," he said.