Jim Tananbaum is the CEO and the starter of Foresite Capital. In 2011 Jim founded Foresite as a private firm dedicated to healthcare by identifying surfacing healthcare leaders; then by providing capital, information and networks the healthcare leaders can grow. At an interview, Jim stated that his idea came from his 25 years’ experience as an investment strategist and healthcare entrepreneur. Jim came to realize that advancing healthcare products and also solutions required substantial capital and time. Most entrepreneurs shy away from such investments because they usually want fast and easy ways of making money. An answer to such ideology was Foresite which provides the capital, information as well as the networks. The firm collects all the information they can gather and use the knowledge to be able to identify new healthcare investments which would help people.
According to Wired.com, currently, the organization has invested in several healthcare companies in diagnostics, medical services, biopharmaceuticals and genomic sequencing. Jim is a man who spends most of his time with the team trying to discuss new ideas, updates and networking. He is also passionate when it comes to his family and friends. Jim also appreciates a healthy and a fit body. Ideas to Jim Tananbaum are not just capital based, but he has to make sure they have a significant impact on healthcare. He is driven by new ideas especially those that involve science and is inspired by how entrepreneurs can apply these innovations to solve healthcare’s largest unsolved needs. Jim explains that science will one day be the core of everything and that it will be the solution to all problems we face currently. He states that he believes in productive team work as he likes working with people who complement him. He continues to say that success is achieved when both partners can focus on a common goal and work towards it.
Jim has also worked in other companies; he was the founder of GelTex Pharmaceuticals. He was also a co-founder and later the CEO of Theravance, Inc. Under his leadership, the two companies became successful and are currently worth billions of dollars. Jim attended Yale where he majored in math and electrical engineering/computer science. He also attended Harvard and Massachusetts Institute of Technology. Visit officialjimtananbaum.com for more information.
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