Jim Tananbaum is an avid investor and entrepreneur whose prominence in the healthcare industry has risen over the years. He is known for founding and spearheading the operations of Foresite Capital, a private equity firm. Recently, Ideamensch held an interview with him, which revolved around his illustrious career and personal life.
According to Jim, the idea to launch Foresite was triggered by over 25 years of experience as an investment strategist and healthcare entrepreneur. For him, Foresite translates to understanding and harnessing the future of the healthcare sector. Currently, Foresite Capital has invested in about 77 different healthcare companies in genomic sequencing, diagnostics, medical services and biopharmaceuticals.
For Jim, transforming ideas into reality involves not only capital but also the inclusion of the most persistent, effective and smartest leaders in healthcare. Over the years, he has learnt first-hand the importance of undertaking due diligence before executing any task. For this reason, Jim spends much of his time familiarizing himself with any given situation to minimize the chances of loss. In addition, Jim Tananbaum utilizes various software in his operations such as Salesforce and Outlook.
Jim Tananbaum boasts of an excellent track record that has been clearly demonstrated throughout his career. Currently, he is the founder and chief executive officer of Foresite Capital. Foresite Capital operates as a private equity firm that focuses on identifying rising healthcare leaders, which it assists to grow to profitability status through providing information, capital and networks. Before the inception of Foresite Capital, Jim Tananbaum helped to co-found two premier biopharmaceutical firms and another two healthcare investment practices.
Jim is an experienced investor. In fact, he served as a partner at Sierra Ventures in the early stages of his career. He also steered numerous investments including Healtheon, Amira Pharmaceuticals, Amerigroup and Jazz Pharmaceuticals. Jim also holds an impressive academic track record that comprises of an MBA from Harvard Business School, an MD from Harvard Medical School and a BSEE and BS from Yale University. Additionally, he has served on various visiting committees and advisory boards such as the Yale School of Engineering and Harvard-MIT HST program.
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