Jim Tananbaum Talks about his Journey in Business

Jim Tananbaum can be referred to as a man with a vision for the entrepreneurial skills that he possesses. In the business field, Jim Tananbaum is the current chief executive officer and founder of an enterprise known as Foresite Capital. This is a firm that he engineered from nothing and focuses on healthcare services. Among the services that the firm specializes with include looking for new leaders in the field of healthcare. The firm, therefore, participates in supplying information, networks as well as capital. However, this is not the first company that Jim Tananbaum has founded. He has been involved with other firms in the past. He is the founder of GelTex Pharmaceuticals and Renal. These are firms that have been associated with producing high profile drugs thus earning him substantial revenue. With the first firm, Jim Tananbaum made a profit of $1.6 billion while the second made him over $ 200 million. As of today, it’s estimated that the market capitalization of these two firms is over $3.2 billion.

Jim Tananbaum says that if he was given a chance to start all over again, the only thing that he would do is change the business model he employs. He says that he would do what was ideal for his business. Jim Tananbaum is a man who loves to read. He is currently reading a book by Pearl, Glymour and Jewel known as the Casual Inference in Statistics. To keep in touch with his customers, Jim Tananbaum has maintained his presence in social media. Accounts under his name can be found on Twitter, Facebook and LinkedIn.

Jim Tananbaum greatest failure came in 2008 when he had opportunities to invest in businesses he knew very well. He was unable to request for funds from his friends and other rich people who would have financed his plans. Tananbaum calls himself a risk taker. However, before he can embark on any mission, he says that he must conduct his due diligence to ensure that everything is okay and there is no room for failure. He also says that if he was given another chance to start all over again, he would start believing in himself more. More details can be found on LinkedIn.