Jim Tananbaum’s has developed a reputation of spotting unique investment opportunities to exploiting them. One such unique opportunity, which he has already invested in, is the new and innovative technology being developed by the technology startup, Mindstrong Health. Mindstrong Health, which specializes in neurological devices, has developed a device for neurological psychology diagnosis and treatment. The device uses artificial intelligence to recognize mood and cognition levels of the individuals with the view of determining their psychological and neurological status. The device comes with unprecedented levels of accuracy in cognitive functioning diagnosing and operational versatility as it is compatible with smartphones. The funds used by Mindstrong Health to develop the device was raised through Series A sourcing. The company raised up to $14 million from various investors including Foresite Capital Management and One Mind Brain Health Impact among others. Mindstrong Health hopes to leverage the expertise, industry knowledge and experience of the financiers to ensure the success of their innovative and ambitious project.
Jim Tananabaum: Academic and Professional Profile
Jim Tananbaum’s decades of experience and solid academic background have seen him develop excellent skills in startups, due diligence, mergers, deal sourcing and entrepreneurship. He is also a venture capital specialist with special interest in biotechnology. Additionally, his extensive experience, industry knowledge and stellar academic profile have seen him serve as a volunteer advisor for Harvard MIT HST Program and a member of the President’s Advisory Board at his alma mater, Yale University. Jim graduated from the university in 1985 with two degrees: a Bachelor Science degree in Computer Science and Mathematics and Bachelor of Science degree in Electrical Engineering.
Jim Tananbaum studied for his Master of Science in information theory degree at Massachusetts Institute of Technology between 1985 and 1989. During the same period, he was studying for his Doctor of Medicine degree at Harvard Medical School. Between 1989 and 1991, he studied for a Master of Business Administration at the prestigious Harvard Business School. These qualifications set him on a successful entrepreneurship path that has seen him found and cofound several entities where he has held senior management positions. He cofounded GelTex, Theravance and Prospect Ventures Partners. He was also a partner at Sierra Ventures. Jim Tananbaum founded Foresite Capital Management; a healthcare investment fund where he serves as the chief executive officer.
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