
Steve Jurvetson
Co-Founder
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- Full Name
- Steve (Stephen) Jurvetson
- Title
- Co-Founder & Managing Director
- Firm
- Future Ventures
- Firm Type
- Venture Capital (early-stage / frontier tech) — also active as an angel/individual investor
- Investment Stage
- Early stage (Seed through Series A), founder-led first rounds
- Check Size
- Not publicly disclosed; Future Ventures deploys from ~$150M–$200M funds and typically leads or co-leads founding rounds
- Target Company Profile
- Founder-led, mission-driven companies "at the cutting edge of disruptive technology and new industry formation"
- Sector Focus
- Deep tech / frontier tech — space, AI & deep learning, quantum computing, nuclear fusion, robotics, synthetic biology, cultivated (lab-grown) meat and sustainable agriculture
- Geographic Focus
- Primarily United States (Silicon Valley–centric), with select global deep-tech bets
- Location
- San Francisco Bay Area, California (raised in Dallas, Texas; born in Arizona)
Background
Steve Jurvetson is an early-stage venture capitalist best known for leading foundational investments in SpaceX and Tesla. He began his career as an R&D engineer at Hewlett-Packard, where several of his chip designs were fabricated, and later held product marketing roles at Apple and NeXT before working in management consulting at Bain & Company. He completed his undergraduate Electrical Engineering degree at Stanford in 2.5 years, graduating first in his class, and went on to earn an MSEE and an MBA, also from Stanford.
For roughly two decades Jurvetson was a partner at Draper Fisher Jurvetson (DFJ), the firm that bore his name, where he built a track record of early bets on Hotmail, Baidu, Skype, Interwoven, and others, and led founding investments in five companies that went public. He departed DFJ in November 2017 and, in April 2018, co-founded Future Ventures alongside Maryanna Saenko, refocusing on deep-tech and frontier-technology companies.
Jurvetson has held influential board seats, including Tesla (2009–December 2020), SpaceX (current), Planet Labs, D-Wave Systems, Nervana Systems (acquired by Intel in 2016), and Synthetic Genomics. He was appointed by President Barack Obama as a Presidential Ambassador for Global Entrepreneurship, has appeared multiple times on the Forbes Midas List (2011–2016), and was named "Venture Capitalist of the Year" by Deloitte. Future Ventures today manages roughly $1.3 billion across its funds.
Investment Thesis & Focus
- Invests in founder-led, mission-driven companies "at the cutting edge of disruptive technology and new industry formation."
- Concentrates on frontier / deep tech: space, AI and deep learning, quantum computing, nuclear fusion, robotics, synthetic biology, and cultivated meat / sustainable agriculture.
- Leads or co-leads early founding rounds and takes a long-horizon, conviction-driven approach — he has publicly said he has "never sold a share in any company he holds," reflecting a buy-and-hold, decades-long mindset.
- Emphasizes market timing and backing category-defining founders rather than incremental businesses; comfortable with capital-intensive, technically hard "moonshot" bets others avoid.
- Future Ventures' most recent fund (~$169M) was explicitly oriented toward AI, alongside continued space and deep-tech investing.
Notable Investments
- SpaceX — early VC investor; current board member. Anchor deep-tech position.
- Tesla — early investor; board member 2009–2020.
- Planet Labs (Planet) — satellite imaging; board member; public company.
- The Boring Company — Musk-founded tunneling / infrastructure company.
- Zoox — autonomous vehicles (acquired by Amazon).
- D-Wave Systems — quantum computing; long-time board member; public company.
- Commonwealth Fusion Systems — nuclear fusion energy.
- Upside Foods / Memphis Meats — cultivated (lab-grown) meat.
- Nervana Systems — deep-learning chips; acquired by Intel (2016).
- Mythic — analog AI / edge inference chips.
- Hotmail — early web email (DFJ-era); landmark early exit.
- Baidu and Skype — DFJ-era early investments.
- xAI, Glass, Xona Space Systems — recent Future Ventures AI / space bets.
- (Note: DFJ-era portfolio also included Theranos, which later collapsed.)
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