In a recent interview with Ideamensch (https://ideamensch.com/jim-tananbaum/), Jim Tananbaum explained that the idea of establishing Foresite was derived from his role as an investment strategist and a healthcare entrepreneur. He used his skills to determine primary success factors for successful companies and investors and implemented them in growing this enterprise. The firm has invested in 77 healthcare entities in medical services, biopharmaceutical, genomic sequencing, and diagnostics.
He went ahead and explained how he plans his day. Jim outlined that he spends most of the time in meetings or calls with the other team members to discuss existing company portfolio, new outlet presentations, and connecting with corporate developers. He explained his love for family and friends. Tananbaum shared on Twitter his secret of bringing ideas to life.
He stated that one needs capital and skilled health care leaders to come up with the greatest impacts on health care. His learning passion, commitment, persistence, and focus are the key traits that distinguish him from the other investors in the sector. Jim described the importance of advancing his skills to take care of the many changes facing this industry. He concludes the interview by encouraging potential entrepreneurs to take the chance, set up their businesses, and pick the right strategies for the investment.
Jim Tananbaum (officialjimtananbaum.com) has built his name in the healthcare industry as a founder and co-founder of leading firm. He is the founder and CEO of Foresite Capital, a firm that helps emerging healthcare leaders to grow by supplying information, capital, and networks. Tananbaum co-founded two leading healthcare outlets and two biopharmaceutical companies. He later started Geltex Pharmaceuticals and co-founded Theravance Inc. Jim Tananbaum has participated in numerous healthcare investments. He came up with Foresite Capital to marry all elements of his profession to have a novel investment channel.
Jim Tananbaum passion of marrying computer science and hard sciences with health-care led him to major in math and computer science at Yale University. He advanced his knowledge by joining Harvard for M.D. and M.B.A. and enrolling for M.S. from the Massachusetts Institute of Technology. Jim has created a relationship with academicians and entrepreneurs to develop insights in science and deep learning.