Category Archives: CEO Profiles

Mr. Jim Tananbaum – The CEO and Founder of Foresite Capital

According to the interview on ideamensch.com, Mr. Jim Tananbaum is the CEO and Founder of Foresite Capital. In 2011, Jim designed Foresite Capital as a private equity firm that is dedicated to healthcare services. For that reason, Foresite Capital has emerged as one of the companies that promote healthcare leaders with profitability, capital, information, and networks. Mr. Jim came with the idea of Foresite Capital while working as the investment strategist and healthcare entrepreneur for more than 25 years. During that time, Jim Tananbaum believes that various experiences can lead to the identification of key factors to successful entrepreneurship. Most of these factors are determined by the science behind innovation together with the teams that make the process of entrepreneurship become a reality.

According to Mr. Jim, Foresite Capital is a company that has the ability of understanding and harnessing the future of healthcare. Therefore, he had an insight and recognition that the products and solutions of innovative healthcare require a lot of capital and more time than what most financiers and entrepreneurs expect. Perhaps, Foresite Company could play an important role for emerging leaders by providing them with capital, networks, and information for success. Furthermore, Foresite Company has invested in more than 77 healthcare companies that are dealing in the business of medical services, biopharmaceuticals, genomic sequencing, and diagnostics.

About Mr. Jim Tananbaum

Mr. Jim Tananbaum is the current CEO of the Foresite Capital, which is private equity firm specializing in the identification of future healthcare leaders. The sole company’s responsibility is to help feature healthcare leaders to grow in terms of profitability, information, networks, and capital. Currently, the largest investment that has been made by Foresite Capital is Intarcia, which is an implant for type II diabetes. The implant helps with the controlling of diabetes and at the same encourages weight loss by patients. Since diabetes and epidemic of obesity have affected more than 350 million people across the world, Mr. Jim comprehends that investment on Intarcia was the best decision. Check out his about.me for more info.

Regarding educational background, Jim Tananbaum attended Yale University, from where he received his Bachelor Degree in Electrical Engineering, Math, and Computer Science as the major. He also received his MBA and MD from Harvard University. Also, Mr. Jim Tananbaum earned his Master Degree in Engineering from MIT (Massachusetts Institutes of Technology). It was his passion for combining interdisciplinary sciences and computer science that resulted in the foundation of Foresite Capital.

Click here: https://ideamensch.com/jim-tananbaum/

Jeffry Schneider: A Great Man with a Philanthropic Streak

Jeffry Schneider is more than just the founder and CEO of Ascendant Capital, LLC., he is also an amazing man with a history of philanthropy that continues to this very day. Before he created Ascendant, Jeffry Schneider worked for several prestigious firms and among these were Smith Barney, Alex Brown, and Merrill Lynch. While working for these firms, he picked up plenty of experience in dealing with alternative investments and deepened his knowledge through working with a variety of different clients. Jeffry also worked for Paradigm Global Advisors and Axiom Capital Management and served on the management teams of both. While working for those companies, he built ties with hedge fund managers in order to confirm that they were the right match for the many different clients that the firms had. He also worked with alternative investment managers as an advisor and helped them to understand the best ways to structure their investments.

Jeffry Schneider believes that when a person becomes a success, it is their obligation to help others. He supports numerous charitable organizations, and one of his favorite is the Gazelle Foundation. This organization helps people in Burundi, Africa by constructing clean water systems where there otherwise would be none. Instead of suffering from sickness, disease, and possibly death, the people of Burundi get clean water. This water helps the general population but also helps to build the infrastructure of the city by feeding into educational institutions, churches, and medical facilities. To date, more than $1.3 million has been donated to the organization, and Jeffry is proud to be a part of something that is changing so many lives. Jeffry also supports Wonders and Worries, The Cherokee Home for Children, Camp Honey Creek’s Summer Dream Program, and Gods Love We Deliver.

Jeffry Schneider received his Bachelor’s degree in science from the University of Massachusetts at Amherst and continues to educate himself through traveling and reading. His vimeo account features lots of videos featuring travel locations and information about traveling. Jeffry has traveled all over but especially appreciates Eastern Europe and rural Thailand and Budapest. He hopes to continue his travels and has pledged to always help people in need and follow on his Twitter.

Don Ressler is an Online Strategist and Fashion Maven

Don Ressler is a businessman and entrepreneur and began his career when the Internet was in its young stage. Ressler and his friend and business partner Adam Goldenberg, is the Co-Founder of the online fashion retail subscription service, JustFab. Formerly named JustFabulous, the company was formed in 2010 and carries a selection of denim, jewelry, handbags and shoes. Mr. Don Ressler has also created several other companies with JustFab as the parent company including FabKids, Shoe Dazzle and Fabletics. The goal of the company is to provide the best shopping experience while delivering quality fashion and accessories at affordable prices.

The business model is subscription based and for a monthly fee, each member experiences a personal and unique shopping experience at http://ecommerce-news.internetretailer.com/nav/tags/donressler/0. Upon subscription, each member fills out a survey that serves as a preference base upon which all choices made. On the first of each month, a personal stylist chooses several items according to each member’s preference survey and the member has the choice to accept all or some of the items, reject some or all of the choices or choose alternate items.

Mr. Don Ressler received funding from Matrix Partners in 2011 to help support their new start-up. The additional funding helped Ressler and Goldenberg expand their business in 2012 and establish operations in Canada, the United Kingdom and Germany. JustFab also acquired FabKids, a children’s online subscription service. Don Ressler also attracted the attention of Kimora Lee Simmons, fashion icon and businesswoman, who was intrigued by the company and the business model. Simmons saw the incredible potential of the company and did not hesitate to take on the roles of President and Creative Director. One of her great strengths and talent is to cultivate a fan and customer base through social media.

In 2013, JustFab upped its game and level of visibility when it embarked on a path in television. JustFab became the subject of a television show called “Kimora: House of Fab.” Each episode showcased a behind the scenes look at the JustFab offices and the duties of the marketing and merchandising division and the public relations department. The television series served as a tremendous marketing tool as it brought attention to its subscription service as well as the name JustFab.

The company has grown significantly and quickly and has added brick and mortar locations to its holdings. There is a three to five year expansion plans in place to add another 75 to 100 store locations to its repertoire.

Squaw Valley Holdings Experiences Drought And Political Instability

Squaw Valley is a resort located in Lake Tahoe and its president, and CEO is a popular skydiver, Andy Wirth. Since his appointment to this important position in the resort, Andy has strived to ensure that the place is the best for tourists coming from all parts of the world. He has worked extremely hard to ensure that the climate is the area is favorable for the tourists visiting the destination, and he has also tried to develop the area for the communities residing there. During his tenure as the CEO, residential and other properties have been built, and he still continues to develop the area. Road maintenance and other services have been his priority too.

Before becoming the CEO of Squaw Valley, Andy Wirth was involved in a serious accident when playing. The skydiver expert was forced to stay in the hospital and endure several surgeries just to recover his right arm, and fortunately, he managed to recover. After being discharged, he started a foundation to collect funds and support wounded players get back to their playing activities.

During his tenure as the CEO of the resort, Andy has experienced some difficulties. The journey has not been as smooth as he always wanted and expected. The last four years have been the worst to be precise. The whole of Lake Tahoe area did not receive the rains as usual, and this ended in a bad drought. The resorts operating in the region were affected, not forgetting the tiny businesses depending on the resorts for survival.
Apart from the serious drought in the area, Andy Wirth has had to endure a serious political challenge in the region. Some individuals in the area were asking for the incorporation of Olympic Valley, something that Squaw Valley Holdings was against. These two factors affected the community, and the businesses were almost collapsing.

Things have been good of late, and fortunately, Lake Tahoe community and the surrounding resorts can finally enjoy some peace of mind. Everything seems to be falling in place, and hopefully, the crisis will come to an end before everyone knows it. The rains come earlier than usual, and Mother Nature was generous to produce more than the expected rains. The rains put an end to the drought, something that could not have been resolved by humanity.

The storms come together with a lot of cold temperatures, and thanks to these two factors, the investors in the area had an opportunity to open their businesses earlier than usual. Although this has never happened in the last decade, the resorts will make a lot of money. The incorporation of Olympic Valley did not succeed, bringing an end to the problems Andy has been experiencing. Everything is now back to its original form.

Source: the Reno Gazette-Journal

Achievements Made at Citadel LLC Courtesy of the Prudent Stewardship from Kenneth Griffin

Citadel was founded in 1990 with $4.6 million. Within a short span, Citadel had grown to a team of more than 100 employees. The corporation was in possession of $1 billion in investment capital. In March 2015, Citadel got a Top 10 Great Workplaces in Financial Services positioning by the Great Places to Work Institute, which depended on an overview taken by Citadel representatives. Griffin was credited for executing on valuewalk.com a shared work culture and rewarding employees. Such employee benefits include free lunch, historical center visits, work out programs and gifts. Citadel employees are well remunerated making the entity an attractive company to work for given the immense recognition of employee’s contribution towards furthering the organizational goals.
Citadel believes in having a proper risk management plan. The company has been managing risk with the view to capitalizing on the various market opportunities. In order to improve its performance, the corporation has managed to recruit a workforce of competent and experienced risk management experts. The corporation’s investment strategies incorporate a disciplined risk estimation and management. Deeper collaborations and enhanced communication with different stakeholders have proven to be quite imperative towards enhancing the objectives of the company’s risk management department.
In order to strengthen its risk management approach, the firm has recruited a dedicated group that is well versed with issues of governance to oversee risk management across different departments. The team has been focusing on the liquid markets, funding structure and models of proprietary risks. The role of the risk management team is to identify the key areas of exposure to risks and drivers of performance. Identification of such exposure gaps helps the entity focus on the optimistic solutions that will seal such risk exposures. The other function of the risk management group is to define and keep an eye on tolerance guidelines that augment the consistency between the company’s business strategy and its risk taking abilities. Regular monitoring of the risks aids Citadel in establishing counter mechanisms against some of the causes of risk exposure.
Further, the risk management department of Citadel serves to build a strong risk culture through active participation in the process of investment. Lastly, the department has been quite focused on developing platforms that integrate information technology and analysis with the view to supporting estimation of risk and various management processes.
Born in Daytona Beach, Florida in 1968, Ken Griffin started investing while undertaking his undergraduate degree from the Harvard University. He graduated with a degree in economics. Armed with knowledge in hedge funding, Griffin believed that he could provide the market with innovative products that could give investors a portfolio through which they could enhance their income. He started his business from his university dormitory.
Griffin is a philanthropist who has donated about $500 million in support of various causes that includes tens of millions to various institutions in Chicago. Griffins together with the Bill and Melinda Gates Foundation funded and supported the opening of a new charter school in Chicago known as the Wood lawn High School.