A Review Of The Exemplary Career Of Jim Tananbaum

In 2011, Jim incorporated Foresite Capital. The healthcare equity firm seeks to identify emerging leaders in the healthcare industry. They help such leaders and companies to make huge profitability margins by supplying them with crucial networks, capital and information.

Jim contends that besides being an academician, he loves investing in the lucrative healthcare industry. He learns to discover the brightest and viable solutions to be offered by science. His passion, as well as unwavering commitment and persistence allows him to build the firm and expand its portfolio. Tananbaum contends that the success of many teams is anchored on synergy. He explains that the worst professional experience that he had was when the people that he was working with did not complement each other.

To Jim, team dynamics are crucial. He summarizes partnerships by saying that 1+1=3. The executive contends that when equal partners feel insecure or are not productive, dysfunctionalties occur. Jim posits that if he could turn back to his youthful days, he would learn to believe more in himself. For long, he would only focus his energies on implementing ideas that were best to him and others. This way, he would compromise on some issues. However, in 2011, he came up with an idea that a large healthcare fund would play a pivotal role in enhancing competition across asset classes.

Tananbaum says that if he were to start again, he would focus on growing his business concepts based on what is ideal for business growth and avoid doing things in the normal way that they have always been done. The shrewd entrepreneur posits that business is not about convention, but disruption.

About Jim Tananbaum

Jim is the founder of Theravance, Inc. and GelTex Pharmaceuticals. For less than $80 million, the latter developed and introduced two successful drugs in the market. In 1998, GelTex was acquired for $1.6 billion at a time when Ranagel or Renzela had more than $200 million in annual revenue run rate. More details can be found on Crunchbase.

Jim holds an MBA and MD from Harvard University. He is also an alumnus of Yale and Massachusetts Institute of Technology where he pursued a math and electrical engineering/ computer science major, and MS respectively. His mentors include Bob Gunderson, George Whitesides, Roy Vagelos, Rick Levin and Rick Klausner.

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