Jim Tananbaum is the chief executive of Foresite Capital. His company is responsible for giving healthcare entrepreneurs the necessary capital to expand their facilities or grow them in order to reach more and more clients.
Starting Foresite Capital
Jim’s many years in healthcare brought him to the decision to start Foresite Capital. Jim saw how difficult it was for healthcare facilities to grow and expand owing to capital limitations. Tananbaum decided to start a company that would work in healthcare to facilitate facilities that needed to expand and grow themselves. Through Foresite, new healthcare operators can get the advice, resources and networks they need to make their work a success.
Healthcare professionals interested in either starting or growing their facilities work with Foresite to achieve their goal. With the support offered to player in the healthcare circles, it is possible for medicine to grow and achieve greater heights. The assistance offered by Foresite, makes it possible for industry players to start their businesses, conduct research, grow their facilities or even get drugs.
According to Jim, working where there is no cooperation among the workforce is the most challenging setting. In situations where superiors and subordinates do not get along or are engaged in conflict, this experience for Jim limits success for the company and the individuals involved.
Asked on Medium.com what he would do if life gave him a second chance, Jim says he would have more faith in his abilities. In his present life he regrets somewhat that he listens a lot to what others have to say and deliberates on this before making decisions. This habit has brought a lot of compromise he feels.
Jim is in the habit of taking risks in business and in life. According to Jim, avoidance of investment due to fear of loss is a great sin. This is contrary to what many believe when they say losing money in investment is the greater sin. Jim prefers to make an informed choice once he moves on an investment.
Tananbaum is a Yale graduate. He studied computer science with mathematics as a major. Jim also has an MBA, which he earned from Harvard University. Tananbaum earned another masters from MIT.