Jim Tananbaum has always been passionate about the connection found in computer science and interdisciplinary hard sciences with healthcare. That is the reason that he pursued math and electrical engineering, computer science major, at Yale. He got his M.D. and M.B.A from Harvard and his M.S from the Massachusetts Institute of Technology. In 2011, he founded Foresite Capital where he is currently the CEO. The firm is a dedicated private equity firm that focuses on identifying promising healthcare leaders and helps them grow by supplying them with information, capital, and networks. You can visit Business profile to know more.
Throughout his career, Jim got experiences that lead him to identify the major factors that would help in the creation of successful entrepreneurs and firms. Most of it, according to Jim Tananbaum, lies in the science behind innovation and the teams that will make it a reality. He discovered that healthcare products and solutions are not easy. In fact, they need more time and capital than the investors and financiers appreciate. Thus, his company comes in and helps those who are in this industry make it in the sector.
Mr.Tananbaum started off by working as a partner at Sierra Ventures where he aided in establishing health care investment practices. He was also a founding partner at Prospect Venture Partners II and III. Before starting Foresite capital, Jim Tananbaum co-founded two leading biopharmaceutical companies and two healthcare investment practices. One of the pharmaceuticals he founded was NASDAQ: GENS.GENS brought two drugs on the market for less than $ 80 million. He also co-founded Theravance, INC., Where Jim was the CEO. For over 25 years he has been operating as a healthcare entrepreneur and investment strategist, and that is where he got the idea of Foresite.
Mr. Tananbaum believes that the one thing that makes him productive as an entrepreneur is the fact that he is an academic at heart. He loves learning, and this is the one thing that drives him to research about coming up with solutions that are effective. Other than being passionate about what he does, Tananbaum is also persistent and committed to his job. These are what allow him to expand his innovation portfolio.