In an article on Wired, on April 2017, Foresite Capital announced that its CEO and MD Jim Tananbaum was named for the third time in a row on the Midas List by Forbes top 100 venture capitalists of the year. The top venture capitalists are recognized for their ability of making successful investments in the leading tech firms that create excellent returns for their investors. Jim Tananbaum was ranked #52 on the list.
Dr. Jim Tananbaum has over 25 years of experience in the healthcare and investment industries. He is the founder of Foresite Capital. The entrepreneur focuses on expanding financial and operational opportunities for investors in the healthcare industry. He designed the firm’s investment structure and strategy, and that has played critical role of helping their clients. For over two decades now, Tananbaum has created and helped other firms to grow in the entire healthcare industry. Earlier in his career, Dr. Tananbaum co-founded GelTex Pharmaceuticals, a company that specialized in production of two drugs, which was later sold for $1.6 billion. Today, the two products generate revenues of about $1 billion.
Jim Tananbaum’s Education Background
Dr. Tananbaum studied at Yale University and graduated with degrees in BS and BSEE. He later joined Harvard Medical School and graduated with M.D, at MIT he earned M.S., and Harvard Business School for his MBA. Jim also serves on various boards and committees of institutions like Harvard, Yale, MIT and others.
Overview of Forecast Capital
Under the leadership of Dr. Jim Tananbaum, Forecast Capital has emerged as a top platform providing investment opportunities from the most innovative and exciting healthcare firms. The company provides innovative services to healthcare companies operating in both private and public sectors. The firm has offices located in San Francisco and New York City. Forecast Capital has invested about $1.1 billion in assets under management in the healthcare industry. Recently, the firm added another executive to its leadership team. Dr. Molly He., was named as a venture partner to help the company continue with providing exciting opportunities to grow and expand while at the same time focusing on investment services that benefit healthcare companies.
Traffic congestion is increasingly seen as a major problem in the greater Austin, Texas region. Mike Heiligenstein, the Executive Director of the Central Texas Regional Mobility Authority (CTRMA) has been focused for the last several years on solving this problem. He has said that one of the key ways to fix this congestion is through the use of innovative technology.
Mike Heiligenstein has said that while the solution is sometimes a new road or additional lanes, that isn’t always the right solution for everywhere. Under his leadership, the CTRMA has built two new toll roads that have relieved congestion in the communities that they serve. One of the toll roads, U.S. 290, tripled the capacity and reduced the number of cars driving on the non-toll lanes. Learn more about Mike Heiligenstein: http://www.slideshare.net/mikeheiligenstein/mike-heiligenstein-of-the-ctrma-the-central-texas-approach
According to Biz Journals, Mike Heiligenstein has also talked about MoPac Express Lanes and how they incorporate new technology that helps ease traffic congestion. The lanes use variable tolling that can be adjusted automatically as traffic dictates in order to keep cars flowing as much as is possible in an area that is growing far faster than traffic infrastructure can handle.
He has also talked about smart roads that will one day allow cars to sync with road infrastructure in order to know what’s happening ahead and alternative routes that are available.
CTRMA is also developing a mobile traffic app along with Metropia. This app will monitor traffic and suggest alternatives to the user in order to get where they are going. They’re also developing another app with Carma which will make carpooling easier and lead to fewer cars on the road.
Mike Heiligenstein was appointed to the CTRMA as its Executive Director when the agency was established in 2003. He has been a public servant for over 30 years, also serving as the Williamson County Commissioner and a City Council Member of Round Rock. He serves on a number of other public boards as well, including the Clean Air Force, the National Association of Counties, and the Austin-San Antonio Corridor Council.
As a nationally recognized transportation expert, Mike Heiligenstein is a sought out speaker that has spoken at conferences across the United States. He believes in taking a regional approach to traffic issues as the best way to mitigate congestion. He attended the University of Texas and graduated with bachelor’s and master’s degrees in government as well as earning an MBA.