To many, Foresite Capital is just a firm that invests on healthcare-tech inventions. However, little is told regarding the company’s successful journey. In a recent interview with IdeaMensch, Foresite’s founder, Jim Tananbaum spilled a few details concerning the firm’s long worthy journey. According to Jim, launching Foresite was motivated by his more than 25 years spent both as a healthcare professional and an investment strategist.
Just like any other successful entrepreneur, Jim’s typical day is spent around other members of his team as well frequent meetings to discuss the company status. Jim is a committed family man. Therefore, if not having dinner with a friend or associate, Jim loves enjoying the meal with his loving family.
In the tech industry, at times bringing an idea into life is proven difficult. While talking to IdeaMensch, Jim Tananbaum said that bringing ideas into life does not only revolve around the capital but instead requires the mindset of the smartest and capable leaders in the healthcare sector. Thus, through his company, excitingly, individuals have managed to make scientific discoveries to solve healthcare largest unmet needs.
During an interview with IdeaMensch, Jim Tananbaum said persistence is a thing that he would boldly suggest to any investor out there seeking success. According to Jim Tananbaum, doing a thing over and over again is an act that he enjoys doing with less fear of losing.
The renowned individual, Jim, who once took the risk of investing all his liquidity in people, told IdeaMensch that one of the strategies that attribute to his success is his critical skill of understanding the healthcare sector. The healthcare industry is ever-changing, a thing that Jim is well adopted. You can visit Ideamensch to know more.
About Jim Tananbaum
Many know Jim Tananbaum as the seating CEO and the founder of Foresite Capital, a company that today manages $1.1 billion worth of assets. Jim takes credits for the success of Foresite, an accomplishment that is influenced by his more than 25 years’ experience in the healthcare sector.
Jim is well-known for his involvement in the founding of biopharmaceutical companies. Upon graduating from the Harvard Medical School, Jim founded GelTex Pharmaceuticals, a firm that introduced two drugs to the market for about $80 million. Jim also founded Theravance, Inc. Also, Jim was a founding partner of Prospect Venture Partners II and III. Before, Jim was a partner at Sierra Ventures. Besides, the successful professional has led many investments such as Amerigroup, Healtheon, Amira Pharmaceuticals, and Jazz Pharmaceuticals.
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