Jim Tananbaum was interviewed on Ideamensch at the start of last month. He came up with the idea of Foresite Capital after studying the trends in different sectors. Jim was able to identify certain factors that determine the success of an entrepreneur and the company during this time. He sees the firm as a facilitator of progress in the healthcare sector because it is harnessing the future. Tananbaum identified a niche for a private equity firm known as Foresite Capital because of the inherent nature of the healthcare industry. These companies require relatively more resources and more time because they have to wait for their drugs to be approved.
Tananbaum said that he brings ideas to life by focusing on creating an environment that is suitable for growth and creativity. He said that he was very excited about the future because there was a need to solve the largest needs in health. There was a huge potential for companies if they could come up with solutions. He advised entrepreneurs to work with venture capitalists to come up with ideas. Tananbaum said that VCs have worked in the industry for many years. They understand what it takes to build a successful company. Visit his about.me page to know more
The majority of his day is spent at Foresite Capital. He takes meetings with portfolio companies to track their progress and companies that are seeking funding. Tananbaum stated that family time was important to him. He makes sure that he has meals with them. He also tries to squeeze in an hour of working out each day. This is important to him because it helps him to unwind and stay active.
Jim Tananbaum is the founder of Foresite Capital. Foresite is a dedicated equity firm that invests in healthcare startups with promising innovations. The company was started six years ago. It has invested in more than seventy companies. These companies include Aimmune Therapeutics, Aerie Pharmaceuticals, and 10x Genomics. Jim has degrees in Computer Science and Electrical Engineering from Yale. Tananbaum also graduated from Harvard University with a degree in Medicine.
Check out officialjimtananbaum.com