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A Closer Look at Jim Tananbaum’s Science Inventions in the Healthcare Sector

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.

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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.

Professional Life

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.

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Jim Tananbaum and his investment in the healthcare areas

Jim Tananbaum founded the Foresite Capital in the year 2011. The company is a private equity firm that is dedicated to healthcare. It specializes in identifying the future healthcare leaders. It, therefore, grows by giving information and supplying networks. Before he began the firm, Jim Tananbaum was a co-founder in two healthcare practices. He was also a co-founder of other two biopharmaceutical companies. Jim also started GelTex Pharmaceuticals. The company was bought in 1998, and it is estimated that it makes an annual revenue of $1 billion. He was also a founding partner of Prospect Ventures Partners II and III firm. In the early days of his career, he was able to help Sierra Ventures to establish its investment practice and healthcare services.

Jim Tananbaum studied at Yale University. He got a major sin computer science and math and electrical engineering. He also went to Harvard and got his M.B.A and M.D. from here. In addition to this, he attended the Massachusetts Institute of Technology. Here, he received his M.S. Jim has been mentored by several of his collaborators. He has been mentored by George Whitesides from Harvard and Rick Levin from Yale. From his time in high school, he had always wanted to bring together the idea of computer sciences and computer sciences with healthcare.

Jim Tananbaum has led many investment programs. These investments include Amira Pharmaceuticals, Jazz Pharmaceuticals, Healtheon, and Amerigroup. NYSE: BMS later bought Amerigroup. He has also been on some visiting committees and advisory boards. He sat on the board of Harvard-MIT HST. In addition to this, he was also on the board of the Yale School of Engineering.

On a typical work day, Jim spends his time with the members of his team. They spend time on calls or in meetings. In the meetings, they get to discuss the company updates and the existing portfolio. The also get to network with the leaders of healthcare and also getting to see new firm presentations. He also spends his dinner time with his family. He claims to value his family. When not taking dinner with his family, he will mostly network. Although he usually has a busy schedule, Jim will always try to find an hour to do some workout.

Source: crunchbase.com

 

Read More: http://www.massdevice.com/neuropsych-treatment-diagnosis-platform-dev-mindstrong-health-raises-14m-series

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The History of George Soros

George was born on August 12, 1930, by Tividar and Erzebat Schwartz, in Budapest, Hungary. His father Tividar was an attorney who had a great passion for the promotion of Esperanto, a language developed in the 1880s. Soros family relocated from Hungary to England in the year 1947 after the Nazi-occupied Budapest. In England, he attended London School of Economics exposing him to the work of a philosopher named Karl Popper. Popper’s book, The Open Society and Its Enemies greatly influenced Soros activities. After graduation in the year 1952, Soros joined the London Broken Friedlander becoming proficient in international arbitrage which according to his definition involves buying securities in one country and selling them in another country. After four years at the London Friedlander, he relocated to New York where he worked as a stock trader on Wall Street. Since Soros had no intentions of settling in America, he had a five-year plan to make around $500,000 and return to Europe. However, his plan changed when he got work as a manager at the investment bank Arnhold and S.Bleichroeder Inc. Soros moved to Greenwich Village, New York in the year 1959, where early cultures of stirrings of counterculture had begun existing. Learn more about his profile at Forbes.com.

George married Annaliese Witshak the following year that remained as his wife until they divorced after 23 years. Soros became a US citizen in the year 1961, and two years later, Soros and his wife had their first son. In 1980, he met a poet named Allen Ginsberg who opened Soros eyes on the benefits of drug legalization, which up to date has been Soros project throughout his career. He established Double Eagle Fund in 1969, for Bleichroeder with $4 million capital, including $250,000 his personal money. After four years, Soros and his assistant Jim Rogers created a private partnership named Soros Fund Management. It changed from Double Eagle Funds name to The Soros Fund, which later renamed to The Quantum Fund in 1979. By 1980, its value had grown to over $381 million, and by 1985, the value had increased to more than $1 billion.

Learn more: http://bigthink.com/paul-ratner/why-does-the-right-hate-george-soros

Being a philanthropist, Soros launched his first Open Society Foundation in 1984 in his country of birth, after the concept he learned from Karl Popper. In 1987, he opened an office in Moscow where he began to disseminate large amounts of money to different groups. Soros says that his spending rose from $3 million a year in 1987 to more than $300 million a year, by the year 1992. During that period, He established many Foundations across Central Asia and Eastern Europe. Today, his Open Society Foundations are active in over 70 countries in the world. George Soros created the flagship of the Soros Foundation network in New York City in the year 1993, which went with the name Open Society Foundations until 2010.

Read more at The New York Times about George.