Jim Tananbaum’s choice to name his company Foresite Capital was no coincidence. With a B.S. and a B.S.E.E. from Yale University, an M.B.A. from Harvard Business School, and an M.D. from Harvard Medical School, Jim is afforded with the intelligence and foresight to make business decisions that have time and again proven the worth of his education.
Before even graduating from medical school, Jim had already founded his first pharmaceutical company called GelTex Pharmaceuticals. Under Jim’s ownership, Geltex introduced two new drugs into the pharmaceutical market that currently make $1 billion in revenue, in spite of the less than $80 million it took GelTex to introduce the drugs. GelTex was founded in January of 1991, and Jim remained the CEO of the company until Genzyme bought it in 1992. After the purchase, Jim became a board member and remained as such until 1997. Jim also co-founded another company called Theravance, Inc in 1997. Theravance prompted a spinoff called Theravance Biopharma, Inc. He remained with Theravance until 2000.
However, Jim’s business expertise extends further into the financial arena. Jim Tananbaum is also deep-rooted in the United States’ biggest investing markets. He has investing experience from early on in his career, as Jim Tananbaum retained a partner position at Sierra Ventures from 1993 to 1997. Jim continued to found successful companies, and contributed his investing experience to his company-founding experience to co-found Prospect Venture Partners II and Prospect Venture Partners III in 2001. Jim stayed at Prospect Venture Partners as the Managing Director until 2010, when he left to yet again found a substantially successful company. Foresite Capital Management, a healthcare equity growth firm, is where Jim has worked since its founding. Foresite Capital is a San Francisco-based company, but also has an office in New York. Again using his prior education and experience to his advantage, many of the investments Jim has led at Foresite Capital have been in successful pharmaceutical companies. Amira Pharmaceuticals and Jazz Pharmaceuticals are among the companies in which Jim has invested. Jim has recently been named to the Forbes Midas List of the US Top 100 Investors, on which he is currently ranked #52.
See more: https://www.linkedin.com/in/jim-tananbaum-a7562a7/
The Central Texas Regional Mobility Authority is an organization that was started to improve the transportation infrastructure of Travis and Williamson. The authority employs private contractors to assist in the actual construction of the projects. The authority developed the 183A Toll Road. It passes through Leander and Cedar Park.
The road has improved the mobility in these communities. An increase in population has been experienced in recent years. This road was one of the first to incorporate a cashless tolling system in the country. CTRMA also constructed the US 290 Toll Road. It is much better than the road that existed previously.
Central Texas Regional Mobility Authority is developing MoPac Express Lanes that will use variable tolling to regulate traffic. The variable tolling allows them to control supply and demand and prevent congestion.
The authority is working on adding fiber lines to the roads that it will be constructing in the future. The connectivity will make them smart roads that can communicate with vehicles.
They collaborated with Metropia to develop a mobile app that is connected to the traffic system. The app can suggest alternative routes to commuters in real-time depending on the data. The number of cars in Austin is one of the major contributors of congestion on the roads. This is because there are more than half a million empty seats on these cars every day. CTRMA is encouraging drivers to carpool through their partnership with a carpooling app known as Carma.
They are encouraging people to use other means of transport by making it easier for them to do so. The authority has built walking and cycling paths along the projects that it has developed to cater for pedestrians and cyclists. These paths have been instrumental in enabling people not to use their cars.
The authority employs several professionals who are led by the executive director. Mike Heiligenstein is the executive director of the Central Texas Regional Mobility Authority. He attended the University of Texas where he earned a degree in government.
According to Supply Chain Digital, Mike Heiligenstein also has a Master’s of Business Administration from the University. He has acted as the executive director of the organization since its founding in 2002. Heiligenstein worked as a public official for Williamson County for two decades before joining CTRMA. He is a member of the board of the International Bridge, Tunnel and Turnpike Association, and the Texas Transportation Institute.
Learn more about Mike Heiligenstein: http://www.mobilityauthority.com/about/executive-director.php
EOS lip balm is the second largest lip balm company in the United States. Seven years ago the company didn’t even exist. How did a startup make such huge strides in a 100-year-old industry that has seen relatively few changes? The company’s founders, Sanjiv Mehra and Jonathan Teller, sat down with Fast Company to tell the story of EOS and their highly effective business strategies.
Only Rely On Yourself to Grow
EOS was able to take on the leaders of lip balm by manufacturing in-house. The only way to scale quickly and compete with Burt’s Bees and Chapstick was to first attend engineering trade shows. Mehra and Teller were looking for engineers who could help them design and create equipment to fully automate their manufacturing process.
They knew if they landed a new large account with Target, they couldn’t leave anything to chance. A third-party manufacturer could drop the ball by requiring more lead time or simply shipping the product out late. As a startup, they knew this wasn’t an option. The first chance is often your only chance with a big account.
Find That One Person Who Understands Your Product
Before you have the opportunity to scale, you have to land the first account. Mehra and Teller knew it would be a challenge, so they brought on a sales representative to join their team. Even so, they were turned away from most stores.
EOS was the first lip balm to be created specifically for women. No one had even considered the market segment could be anything except unisex before, so it was no surprise buyers didn’t know what to make of the product. Mehra said, “There were a lot of male buyers out there who would say that they didn’t understand the product.” https://www.kohls.com/catalog/womens-eos-lip-balm-makeup-health-beauty.jsp?CN=Gender:Womens+Brand:eos+Product:Lip%20Balm+Category:Makeup+Department:Health%20%26%20Beauty
The turning point for EOS was with a Walgreen’s buyer. The buyer understood the product and loved all of the features which had been designed for her. She believed the product was strong enough to break customer’s habitual purchasing of older brands. And she was right.
For more info, visit evolutionofsmooth.com.
I have seen very few companies that believe in innovation the way Securus Technologies does. This is because most companies are happy with the kind of success they have received. Now they would like to sit back and enjoy. But Securus Technologies thinks differently. They do not sit on their laurels.
There are few companies that believe in looking after their clients on a regular basis. And Securus Technologies is one of them. They know that things are changing constantly. They know that inmates and criminals are getting smarter and more technology savvy by the day. Hence prison and jail officials need to keep pace. This is not an option but a necessity. Hence companies like Securus Technologies are always coming out with innovative products and added features that can help the jail officials to keep their facilities safe.
In fact, Securus Technologies is the only company I have come across that has extended an open invitation to its existing customers as well as the prospective ones. They can visit their Technology Center and look at the latest gadgets and services being provided by them. This Technology Center is located in Texas.
This is one way the company looks for feedback from its customers. I have seen them asking their customers what more they want and the improvements they would like to see in their existing products. I have seen a lot of these suggestions pouring in from jail authorities through emails, formal letters, and even personal visits. The company takes all these suggestions really seriously. They incorporate all these suggestions into their products. This is the reason why so many letters of appreciation are pouring in daily for them.
It is not easy to solve cases. Any help is welcome here. This is why Securus Technologies is considered a big asset by all.