Jim Tananbaum the Healthcare Entrepreneur of Our Time
Jim Tananbaum is the founder and Chief Executive Officer of Foresite Capital. The company was founded in 2011 and is dedicated in identifying evolving healthcare leaders and helping them grow by offering them with resources, networks, and the necessary facts. Jim Tananbaum has been working in the healthcare industry for over 25 years in companies like Prospect Venture Partners II and III, Sierra Ventures, GelTex Pharmaceuticals, Theravance. During this time, he discovered that healthcare innovation takes up a lot of time and capital more than champions anticipate and this is a challenge for upcoming companies. However, Foresite Capital directs these investments to ensure that they get their highest possible success.
Foresite has invested in over 77 different companies in all the states, public and private as well as venture and post-venture. It also deals with health care biopharmaceuticals, genomic sequencing, medical services, and diagnostics. Examples of some of the investments the company has made are Aerie Pharmaceuticals, Aimmune Therapeutics, Genomics, Intarcia Therapeutic, and 10X all which are known to be among the healthcare leaders. The reason behind the success of Foresite and the companies that they partner with is working as a team in evaluating each situation efficiently.
From a young age, Tananbaum has always been fascinated with the connection between computer science and healthcare. It is this reason that made him peruse Math and Electrical Engineering and Computer Science major from Yale. He later got his M.B.A and M.D from Harvard University and an M.S. from Massachusetts Institute of Technology. Tananbaum has also had long and fruitful relationships with academicians and mentors like Bob Gunderson from Gunderson Detmer, George Whitesides from Harvard, Rick Klausner from NIC, Rick Levin from Yale, and Roy Vagelos.
According to INC42, bringing an idea to life is not only about capital but also about involving the smartest, most capable and persistent leaders in the healthcare. Doing this and the fact that he is an academician in the heart is what has made him be a successful entrepreneur. His passion for learning drives him, and this is the reason that he strives to find the best and biggest solution that science can give. He is also persistent and committed to his work, and this can be reflected by the way his firm is expanding.
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