Jim Tananbaum: STEM Enthusiast Turned Venture Capitalist
Summary about Jim and Recap of interview with Ideasmench:
Every career path is unique and personal, but few are quite as impressive as Jim Tananbaum’s. Jim himself majored at Yale University in math, electrical engineering and computer science and then obtained his M.S. from MIT in 1989. If that wasn’t enough, he subsequently obtained his M.D. and MBA from Harvard University. Despite all of this and his many professional achievements, Jim tells Ideasmench that if he could do it all again, he would have believed in himself more and made fewer compromises. Jim is passionate about making opportunities for interdisciplinary hard sciences and computer science to intersect with healthcare. More than a decade before founding Foresite, he began incubating the idea that a large dedicated healthcare fund would be more competitive, but he was more risk averse at the time. During his interview with Ideasmench, Jim shared that one of his failures as an entrepreneur was a catalyst for founding Foresite. He was a senior partner at a fund and missed more than a few opportunities to invest in companies he felt good about, despite having the resources to do so – all because of fear of the current financial market. So in 2011, Jim founded Foresite Capital – a private equity firm that provides capital and support to help companies with transformative products and services become healthcare leaders. Jim tells Ideasmench that what he learned from his experiences is that you have to take risks and go with your gut, “It’s about disruption, not convention.”
Then, write a couple paragraphs about Jim Tananbaum and his professional life in general.
After attending higher education for a decade, Jim co-founded and ran GelTex, a pharmaceutical company focused on developing non-systemic drugs and within 2 years it was acquired by Genzyme for $1.6B. Jim remained a Board Member for the company for another 4 years. During that time he joined Sierra Ventures as a Partner, where he built their Healthcare Service Investment Practice. After 4 years with Sierra, Jim co-founded and led another biopharmaceutical company – Theravance. In 2001, Jim Tananbaum returned to the venture capital field and co-founded Prospect Venture Partners. After leading this firm for 9 years, he founded Foresite Capital Management, where he has been the CEO for 7 years.
Not only is Jim Tananbaum a successful entrepreneur, is on Yale University’s President’s Advisory Board and an Advisor at Harvard, and is highly educated across a variety of STEM fields, but he somehow makes time for family, friends, and remaining physically fit. He is also very down to earth and is always willing to share from his experiences and encourage other entrepreneurs. You can visit Business profile for more info.