In a report by Business Wire, with 25 years of experience as a healthcare entrepreneur and investment strategist, Jim Tananbaum has been heavily involved in the growth of several companies. Over the years, he has been able to identify key factors that make the difference for businesses operating in the healthcare industry. Most of these factors are associated with innovation and quality of the team in a company.
Using his vast experience, the shrewd entrepreneur decided to take a different business approach by founding Foresite Capital. The venture capital company invests in businesses and entrepreneurs to ensure that they succeed in the competitive healthcare industry. Foresite Capital supplies start-ups with the right information, capital, and networks to enhance their success. Presently, the company’s portfolio consists of 77 different healthcare companies. These investments are particularly concentrated in biopharmaceuticals, diagnostics, genomic sequencing, and medical services. Some of the key companies that Foresite Capital has invested in are Aimmune Therapeutics and Intarcia Therapeutics. More details can be found on Crunchbase.
Jim Tananbaum contends that he spends most of his day working with members of his team. Moreover, he engages in business meetings and makes calls where he discusses about Foresite Capital’s existing portfolio. In addition, he networks with different stakeholders in the healthcare industry, and develops presentations for new companies. In addition, Jim loves to spend time with his beautiful family and friends.
Tananbaum posits that he brings his ideas to life by engaging with the smartest, capable, and persistent thought leaders in the industry. This process ensures that the ideas are improved to a point where they are robust enough to become successful when implemented. According to the executive leader, the industry is advancing quickly, as the technologies used are of high-quality and provide information in real-time. He notes that advancements in genomic sequencing will see doctors use genetic materials in one’s saliva or blood to treat or prevent diseases. Check out Insider Monkey to know more.
About Jim Tananbaum
Jim Tananbaum is a successful entrepreneur and investor. The IT guru has played a pivotal role in the establishment of other multi-million businesses like GelTex Pharmaceuticals and Prospect Venture Partners II and III.
The business leader is a graduate of Yale University where he pursued his degree in math and engineering. He is also an alumnus of the prestigious Harvard University and Massachusetts Institute of Technology. Notably, Jim’s sound educational background has played an integral role in propelling him to financial success. You can visit LinkedIn for more info.