A lot of time is used up in healthcare innovation than people tend to realize. Through Foresite, Jim Tananbaum identifies leaders in healthcare and helps them grow by providing networking and capital assistance.
Foresite Capital Idea
According to Biz Journals, Jim says that the decision to start Foresite Capital was born after years of experience in healthcare. Seeing as the business of providing healthcare solutions requires a lot in terms of capital, Foresite decided to be the bridge to success. Startups can get information, capital and the networks they need to succeed. Foresite gathers information on matters of healthcare and the most lucrative investment.
Bringing Ideas to Life
Engaging with smart individuals in healthcare is the way Foresite resuscitates ideas. When these healthcare professionals are enabled and supported, they are able to make discoveries and move medicine to the next level. Foresite enables them by giving them the capital and resources that they need.
Jim Tananbaum says that the most difficult work experience for him is a situation where there is no synergy among workers. When colleagues, subordinates and superiors are not complementing each other, this makes for an awkward experience.
What to Change in A Do Over
In a do over situation, Jim says he would believe more in his abilities and potential. Jim’s style has been to listen to what he thinks is right and combine this with what others think. He says this has led to compromise in most situations.
Risk taking is something Jim does quite a lot. After studying the situation, he takes a risk. It is believed that losing money in investment is a big sin, but lack of investment is the biggest sin according to Jim. Studying the investment one wants to make and then executing from a point of knowledge is not bad at all.
In an article on INC42, Tananbaum says that the best text he would recommend people to read is ‘Causal Interference in Statistics. This book by Pearl Glymour refreshes him every time as it shines light on the everyday deep learning principles.
Tananbaum went to Yale where he majored in computer science and mathematics. He has an M.B.A from Harvard University. At MIT he graduated with a Masters in Science degree.