If there is one thing Jim Tananbaum understands it would be the field of healthcare startups. One thing the novice doesn’t realize about healthcare innovation is that it not only takes an unbelievable amount of capital but it also takes an incredible amount of perseverance and patience. Even in Jim’s role as the founder and CEO of Foresight Capital he realizes this because Foresight is a healthcare-driven private equity firm.
Tananbaum recently sat down for an interview with Ideamensch (https://ideamensch.com/jim-tananbaum/) and discussed some areas that have become a driving force for him in his life. The first question posed to him was just how the genesis of Foresight came about. He said he founded the company primarily because of his 25 years of being a healthcare entrepreneur and investment strategist. He also was looking for ways to give healthcare a much brighter future. Visit his About.me page to know more.
For Tananbaum, priorities are important. That is why his day is spent in numerous conferences and doing an immense amount of networking. He spends a large amount of his day going over client portfolios and devising company presentations with healthcare leaders as well. Of course, Jim Tananbaum also seeks to prioritize, so he has a goal to spend dinner with his family each evening as well.
Jim Tananbaum is always seeking to bring ideas to life, and for him that involves not only capital but bringing in the best and brightest. As an entrepreneur, he realizes it is important to take advantage of opportunities as they come along. Jim Tananbaum said that one of the major mistakes he made during his earlier days was to refrain from investing in some companies with some great potential. He now realizes the error in his ways and believes that it is only determination and “staying hungry” that will keep the American entrepreneurial spirit alive.
As the President and CEO of Foresight Capital, there are many projects which Mr. Tananbaum is a part of. One of the most recent ones in which he is particularly proud of would be Intarcia, a twice-a-year implant that helps patients control their weight and diabetes symptoms. It is this type of innovation that truly makes Jim Tananbaum someone to watch.