Jim Tananbaum’ Business Strategies

Jim Tananbaum is the current CEO and founder of Foresite Capital. Foresite was architected by Jim as a healthcare-dedicated private equity company specializing in the identification of emerging healthcare leaders. The firm contributes to the profitability of other healthcare centers by supplying networks, capital, and information. Before founding Foresite Capital, Tananbaum co-founded two healthcare investment practices and two bio pharmaceutical companies.

Tananbaum got the idea of Foresite Capital by noting that he could form a firm to supply networks, information, capital to enable entrepreneurs to become successful. Jim spends most hours of his day at work but also balances with working out and spending time with his family. The idea of healthcare innovation excites him; he thus makes efforts to keep learning to come up with new ideas. Jim wishes he believed more in his capabilities during his earlier career.

In a report by Biz Journals, he advises entrepreneurs to learn as much as they can about the dynamic industry and to understand scenarios before making assumptions. To understand common principles used daily in deep learning, Tananbaum recommends entrepreneurs to read ‘Causal Inference in Statistics.’ Jim says that if he is to start his company, he will do things according to what he thinks is ideal for growth in business.

The businesses that Jim co-founded are trendsetters in the healthcare industry. Jim also founded GelTex Pharmaceuticals which introduced two drugs to the industry for approximately $80 million. Additionally, he was the CEO and co-founder of Theravance Inc. Theravance and Innoviva NASDAQ, through a joint venture, share GSK’S respiratory franchise. The two companies are worth approximately $3.2 billion. More details can be found on Ideamensch.

Jim Tananbaum also founded Prospect Venture Partners II and III and was also a co-founder at Sierra Ventures in his earlier career. Other investments that Jim has led include; Amerigroup, Jazz Pharmaceuticals, and Amira Pharmaceuticals among others. Jim graduated from Yale University with a degree in computer science/electrical engineering and Maths. Tananbaum also received his M.B.A and M.D from Harvard. He also received his M.S from Massachusetts Institute of Technology.

Since Jim was in high school, he was passionate about connecting computer science and interdisciplinary hard sciences. Other leading academicians who mentored Jim include; RickKlausner, and Roy Vagelos among others. Tananbaum wishes to continue evolving his work with top academicians and entrepreneurs. He also encourages growth and change by developing insight into science and deep learning.

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