Jim Tananbaum is the CEO and founder of Foresite Capital. In 2012, he founded Foresite a private equity company dedicated to healthcare. His firm specializes in determining future leaders in the healthcare sector. Foresite, under Jim’s leadership, helps grow these leaders to profitability by providing information, capital, and networks. Visit Business for more info.
Before Jim founded the company, he had already co-founded two biopharmaceutical firms and two practices linked to healthcare investment. Tananbaum founded GelTex Pharmaceuticals which offered two drugs that didn’t exceed 80 million dollars. GelTex Pharmaceuticals was acquired for $1.6 billion in 1998 when Renagel (its lead drug) had a revenue run rate of over $200 million annually. He was CEO and co-founder of Theravance, Inc. sharing respiratory franchise of GSK via a joint venture. Jim’s both firms have a total market capitalization of about 3.2 billion dollars. Tananbaum was also a Prospect Venture Partners founding partner and a Sierra Ventures partner where he focused on establishing the firm’s investment practice in healthcare services.
The origin of the Foresite Capital idea
The idea resulted from him having over 25 years’ experience as a healthcare investment strategist and entrepreneur. To Jim, Foresite emphasizes on understanding and harnessing the future of healthcare. He believed the firm would supply capital, information, and networks that would facilitate the emerging leaders’ success. He aimed at digesting and collecting all relevant healthcare developments information, for equipping these leaders with all what is needed to meet their dreams.
Jim Tananbaum bringing his ideas to life
To Tananbaum, capital is not the only thing needed to bring his ideas to life; it requires engaging the most effective, smartest and most persistent healthcare leaders. He ensures that the leaders can make significant scientific inventions with the capacity of making the greatest healthcare impact. His love for learning drives him to identify the brightest and best solutions offered by science. Passion and unwavering commitment and persistence have enabled him to progress in developing the company and extending its creative portfolio.
He believes in himself in all his endeavors. Jim, in an interview with Ideamensch, suggested that people should not just do things as they are done; instead, being unique by doing things in his way has considerably contributed to most of his successes. He employs Salesforce and Outlook for integrating his daily activities. These software and web services expound more on his healthcare services’ flexibility.
Jim Tananbaum firmly believes that innovation in healthcare needs much investment of both capital and time. Nevertheless, these investments yield to positive long-term effects as well as enduring value. Visit Crunchbase for more info.