Tempus Inc. was co-founded by tech entrepreneur Eric Lefkofsky after someone in his family was diagnosed with cancer. While helping them through the treatment process he was befuddled by just how hamstrung physicians are when it comes to the technology they use to treat this deadly disease. Having been in the technology sector for over 25 years he thought that there simply had to be a better way and so after partnering with one of his long-time business partners Tempus was born. Tempus is based in Chicago, Illinois, like all of the companies Eric Lefkosky has been a part of founding.
They take a data-driven approach using the genomic sequencing data from prior cancer patients to create a database that physicians can use to develop personalized treatment plans for their patients with cancer. The goal is that by analyzing people’s genetic information and comparing it against the genetic info from prior patient’s it will be easier for physicians to identify what treatment options will most likely help their patients. This company has had two funding rounds this year. Their Series D round took place in March and they raised $80 million.
The Series E round was in August and another $110 million was raised. The British venture capitalist firm Baillee Gifford took the lead in this latest round. Three other companies that have invested in Tempus before also participated which were T. Rowe Price, New Enterprise Associates, and Revolution Growth. The money they raised in this latest round will be used to expand what Tempus offers into international markets. They will also be gathering more genetic sequencing data and incorporating it into their database. With around 500 employees and counting they recently relocated their headquarters to the Groupon Building in downtown Chicago in order to have room to expand their operations.
Wes Edens has been one of the most influential partners that ran the Fortress Investment Group. Working with four other business geniuses he began the company in 1998. The goal of the Fortress Investment Group was to be in alternative asset management company. As the Wall Street Journal reports, this company is one of the most highly creative it comes to investing. They look for creative ways that will bring in cash flow for the Fortress Investment Group over several decades. They wanted the Fortress Investment Group to be a company that was not afraid to take risks.Wes Edens was only 25 years old when he began the company. Being one of five principal partners his responsibilities for a vast for the Fortress Investment Group. Currently he acts as the principal founder as well as cochairing the board of directors.
Wes Edens is responsible for overseeing several sectors and departments within the Fortress Investment Group. Firstly, he is in charge of overseeing the private equity department. This part of the business manages over $6.5 billion. The majority of their investments has to do with transportation and infrastructure, healthcare, and media.Wes Edens is also responsible for operating the credit private equity department. This department manages over $15.1 billion for the company. This portions job is to oversee the real estate that the Fortress Investment Group owns. They are a highly diversified in this area owning both commercial and residential buildings. On top of that, they own a variety of shopping malls and apartment complexes. This provides them with a consistent income.
Wes Edens has also been in charge of overseeing the acquisitions of the Fortress Investment Group. He was the lead negotiator when working with the management firm from Japan. After much discussion, he was able to sell a nonvoting share of the Fortress Investment Group for $3.3 billion. He also was the lead negotiator when it came to selling a portion of the company to the public. 8% of the company is able to be purchased through the stock market. Current value places this 8% share at just over $600 million.Wes Edens does not only make his money from the Fortress Investment Group but also through his ownership of the Milwaukee Bucks. He also has expanded out into the electronic sports craze by purchasing the Flight Qwest team that is a dominant force in League of Legends.
Randal Nardone is one of the revered CEO in the financial service industry. He is the co-founder of the Fortress Investment Group. The company is among the most significant investment firms in the country. Before working at Fortress investment group, Randal has had experience working in the legal department as a partner of a law firm. After working for the law firm for quite some time, Randal took some interest in the financial service industry which was not in line with his education background. He joined a Financial management firm where he was assigned the role of principal. He did not work for long in the company before he quite and joined USB. At USB he was assigned a more demanding role as a Managing Director. He worked for the company for one year. His experience in the Financial services industry gave him enough knowledge that led to the co-founding of the Fortress Investment Group.
Randal is a passionate and a skillful manager. His management skills are however not from his education background rather from experience working at different managerial positions in different companies. Nardone studied at Boston University of Law School where he studied arts and English. He later enrolled at Connecticut University where he studied biology. Randal is an excellent leader.Employees working for him at Fortress Investment Group collectively attest to their satisfaction working for the company and particularly, having Randal as their leader.Randal’s leadership style emphasizes the importance of teamwork and he has always encouraged all his employees to work as a team to attain the shared goals.
Randal has played a significant role in Fortress investment group. Even before the acquisition of the company by Softbank, Fortress Investment Group was still a market leader and a company that was respected for its efficient services.Randal has many hats in different organizations. As a result, he has accumulated quite a lot of funds as salary and allowances. For instance, he has worked at Springleaf Financial Holdings, RIC Coinvestment Fund, and IMPAC Commercial Holdings among a few. Cumulatively, Randal’s salaries and allowances have increased his net worth. He is now a billionaire and was listed in the Forbes billionaires list as number 557.