You cannot talk about Foresite Capital without mentioning Jim Tananbaum who is its chief executive officer and founder. The passion he possesses in healthcare culminated to him opening the particular company in the year 2011. The specialty of the enterprise is coming up with emerging healthcare leaders so that it can stir them to grow in their profitability by providing them with the necessary capital, network as well as information. Creating Foresite was an idea conceived from the over 25 years of experience that Jim Tananbaum possesses in the healthcare entrepreneurship and investment. He came up with it aiming at harnessing and understanding the future of healthcare. Visit Ideamensch to know more.
Jim Tananbaum figured out that there existed a gap in innovation. The innovative healthcare products and the solutions quite often necessitate a little more capital and time than what financiers would acknowledge. Led by its CEO, Foresite saw an opening for becoming the leader by providing information, capital as well as networks in an attempt to drive the success to healthcare products. The company can come up with the investment with a likelihood of viability and that which stands a chance to be highly profitable. It achieves this by just collecting the published information on healthcare advancement on the area of interest, which enables the team at Foresite to understand the immediate needs.
According to Biz Journals, it has been a great win for Foresite since it has invested in not less than 77 different healthcare companies that specialize in medical services, biopharmaceuticals, genomic sequencing as well as the diagnostics. Jim spends the greater part of the day together with his team members discussing on a couple of things such as the new company presentations. All that he conceives about the enterprise, Jim believes the individuals should be provided with the way through which they can come up with new scientific discoveries that can impact healthcare.
A role that Jim Tananbaum is most proud of is being a family man. He places his family at the helm. He treasures every time he has dinner with them. The Yale University graduate ensures that he has worked out each day for at least an hour so as to stay motivated.
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