Jim Tananbaum is well known for his well informed decisions when it comes to investing in healthcare start-ups. He has his MD from Harvard Medical School as well as a MBA from Harvard Business School. He has landed on the Forbes Midas list for the past three years due to his success with healthcare investing, and as CEO of Foresite Capital he has supported the healthcare products and services that have transformed treatment options for many people. In a recent move, Tananbaum and Foresite Capital contributed backing to the Series A round of funding for start up Minstrong Health.
Mindstrong Health is a company that proposes a way to fill a gap in the healthcare landscape. In a report by Market Wired, Mindstrong founders saw that there was a lack of objective data available regarding mental health patients. They paired this observation with the idea that Smartphones are becoming more and more possible. Why not use the Smartphone as a device that collects data? The innovative leaders at Mindstrong actually figured out a way to take the data provided when a person uses their Smartphone, related to swipes and typing style, and translate that into data about mental health.
In an interview by Ideamensch, Jim Tananbaum said that he has recognized that the product has potential. He confirmed that there is a great challenge in modern health when it comes to objectively assessing a person;s mental health status. This provides a real roadblock when it comes to diagnosing and treating mental disorders. Other chronic diseases use objective data in order to diagnose and form treatment plans.
When a patient has heart disease or diabetes, for example, a patient and their provider can measure and discuss specific numbers. But with mental health, there was always a gray area of subjective input and unclear measurements. Tananbaum, with his background in medicine, sees great value in Mindstrong’s proposed solution to a global problem. He stated, “Mindstrong’s technology delivers continuous, objective measures of behavior and cognition at a level of resolution and insight that has never been possible.”
In addition to being the CEO of Foresite Capital, Jim Tananbaum serves as the director of California Life Sciences Association. He founded Foresite Capital in 2011.
Read More: http://www.massdevice.com/neuropsych-treatment-diagnosis-platform-dev-mindstrong-health-raises-14m-series/
Silicon Valley in the United States is far from being the only hotspot on the planet for the tech industry. There are other places in the United States such as New York City’s aptly named Silicon Alley and Las Vegas’ Silicon Strip that are bringing together software engineers and entrepreneurs with big ideas to help bring the tech world’s next big thing into fruition. Startup scenes in other countries are also hard at work cultivating the next generation of tech companies that will make life more efficient and less complicated for consumers everywhere. While most people might think of Switzerland as a country that is known for having idyllic landscapes dotted with mountains, superb chocolate and being the host to many international organizations it turns out that the small country is also home to its own burgeoning startup sector. There are many Swiss entrepreneurs and engineers who are starting new companies and imagining new technologies. Swiss banker and entrepreneur Mike Baur is one of them.
Mike Baur got his start in the world of business by launching his career in a much more traditional industry than technology: banking. He studied business and finance at the Bern University of Economics and Administration and later went on to work at the Swiss bank UBS for many years. From there he worked at other financial institutions like Clariden Bank and Sallfort Bank and took time to study for a dual Masters of Business Administration at the University of Bern and the University of Rochester in New York City.
One of the most well-documented struggles that afflicts many entrepreneurs in the startup community is the struggle to find a viable business model for their startup. While many startups have strong concepts and slick branding it is very common for their founders to choose to iterate themselves into a business model versus laying out the specifics of a monetization plan before launching their businesses or pitching their businesses to potential investors. What sets Mike Baur apart from other entrepreneurs in the startup world is the two decades that he spent in the worlds of finance and banking. That experience combined with his graduate level training has given him the expertise to be an effective leader in Switzerland’s growing startup community.
Mike Baur is becoming a staple in Switzerland’s startup scene and has the potential to leverage his experience working in an industry that involved financing to help other Swiss entrepreneurs get access to the capital that they need to launch and grow their businesses.
Technology never fails to impress in the modern age and this evidenced further by the tech of NuoDB. NuoDB holds a patented technology by the name of elasticity scalable cloud database. This tech developed by Jim Starkey who is also the CEO of NuoDB is in use by big companies such as the UAE Exchange, Kodiak, Dassault Systemes and Alfa Systems. NuoDb was founded in the year 2008 in Cambridge Massachusetts. If you are familiar with a company from years past by the name of NimbusDB then you are already familiar with NuoDB because NimbusDB changed their name to NuoDB in the year 2011 to market their tech in a new way.
In the year 2014 the company was awarded the title of innovation all star by the Boston Business Journal and Mass High Tech. These are two big time names to be awarded by. To date the company has amassed over 60 million dollars in through many round of funding and likely has garnered more income since that time.
NuoDB utilizes it’s patented technology to spread new servers throughout a cloud based infrastructure to run more efficiently and faster. It is often also referred to as NewSQL and is SQL compliant.