Jim Tananbaum has been in the forefront of healthcare entrepreneurial and investing for over 25 years and counting. He is keen on building franchise healthcare businesses and therefore invests his time in strategic, operational and financial opportunities. In a recent interview by Ideamensch, the world benefited from some insights from the phenom, Jim Tananbaum, straight from the horse’s mouth.
The interview captured many aspects of his life including his day to day activities and made him tick as a person. Jim revealed that he could bring his ideas to life by engaging top players in the healthcare business. He also mentioned that the process of bringing ideas to fruition does not only involve capital. The piece of advice was particularly good to those who are looking to start businesses. Jim also gave some insight on what to expect shortly in regards to advancement in the science of disease prevention. More details can be found on About.me page.
When asked what makes him productive as an entrepreneur, Jim proves that indeed knowledge is power. He credits his success to his love of always wanting and yearning to learn more. He also mentioned that he is unwavering and persistent once he has set his mind towards achieving something. Jim also shared his two cents on how important it is for there to be synergy among members of a team. He feels that if people working together do not complement each other, dysfunction within the team curtails its success. Jim Tananbaum noted that the healthcare business is a dynamic one. He asserted that it is important for him, as a stakeholder, to keep up with the ‘’puck’’ and to always be strategically aligned with those that synergize with his organizational expertise.
Jim also shed light on some of his most challenging moments and how he was able to navigate through them. He shares the challenges he underwent when he tried to look for investors in his new business venture that he had come up within 2010. Ultimately, because of his hard work and persistence, he was able to get investors.
In a light moment, Jim Tananbaum recommended causal inference statics by Pearl, Glymour, and Jewel: a book that he says refreshes many common principles that are vital to everyday deep learning.
Jim Tananbaum has also worked in many other establishments before setting up Foresite Capital. He is a co-founder of two world-leading bio-pharmaceutical companies and two irreplaceable healthcare investment firms. While studying at the Harvard Medical and Business Schools, Jim founded GelTex Pharmaceuticals.GelTEX pharmaceutical is known to have brought two drugs in the market and was later on acquired in 1998 for 1.6 billion dollars. These are a just a few of his accomplishments.
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