Category Archives: Enterprenuer

Eric Lefkofsky: Tempus

Eric Lefkofsky has not taken a single science class since he was in college. With that being said, as he meanders through his medical startup, the Chicago lab of Tempus, he presents the air of an expert. Pointing to a pathology slide of a patients who was diagnosed with breast cancer he states “one thing that you see right from the start is a purple like stain in this cell”. Eric also talks about how tempus is trying to bring the unknown power of artificial intelligence to the world of health care.

This 49 year old has launched up to 5 different companies that are worth a minimum of $250 million each. Each one of his companies promise to transform its industry by using really big data. The company that he is best known for is Groupon. Putting the deals site’s share price disappointment aside, Lefkofsky is estimated to be worth $2.7 billion. His company Tempus is a simply something that was predicated on the simply theory that lots of information will give doctors the ability to personalize all cancer treatments and thus make them more effective. For example, if a doctor is treating a patient with lung cancer, they would send a tumor sample to Tempus. Then Tempus would identify a mutation in the gene for the growth receptor, which would cause the cells to start to grow and divide way to much. With this, the doctor could then prescribe a targeted therapy for the patient and they would have better result than chemotherapy.

So far the company has around 700 employees and has raised $520 million. The $3.1 billion valuation suggest that the investors expect this approach to be a huge scorer. Starting with cancers, then moving on to treating more chronic conditions like diabetes and or depression.

CEO TJ Maloney Moves Lincolnshire Management Forward In The Private Equity Sector

TJ Maloney, though many may be unfamiliar with the private equity top-notch chief executive officer, is still leading the investing powerhouse that is Lincolnshire Management. Having been around since 1986, the firm founded by Wright and Kimble has experienced the largest portion of it growth in the years since 1993, as that is the year that the organization gained arguably in most important human asset, TJ Maloney. Whether Lincolnshire is dealing with acquisitions, restructuring or mergers, there is no doubt that the $1.7 billion that the firm has gained in capital from those activities would likely not be as high without Maloney doing his part to aid in the expansion of Lincolnshire Management throughout this interesting private equity investment sector.

While it is clear that Lincolnshire’s benefits as a result of Maloney’s leading power have been substantial, it is also necessary to take not of what TJ Maloney used to do before his 1993 entrance into the firm. He happens to have been an attorney whose securities law practice was well-received in New York, and his Fordham University law credentials clearly came in handy during that time. Also not stranger to things like MBA lecturing and even guest speaking, Maloney’s industry wisdom was strong when he came to Lincolnshire Management. The effects of TJ’s wisdom can be seen in how effectively he is able to satisfy the clients and investors of the Lincolnshire organization.

There has certainly been a boost in both capital and performance at Lincolnshire Management with the addition of TJ Maloney, and multiple publications that keep track of private equity’s trends have commented on this. 2010 and 2011 were both years during which Lincolnshire earned the public praises of such publications. CNN Money was one of these, and Private Equity News was the other. Hosting their private equity operations out of New York appears to be working out extraordinarily nicely for Lincolnshire Management as well as Mr. Maloney, and with a strong CEO heading an even stronger investing organization, further capital gains from private equity related acquisitions seem more or less inevitable as the team moves forward.

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Interview with consultant Luke Lazarus

Luke Lazarus is a proven consultant who has helped out many startups with his expertise and CEO’s run their businesses smoothly. Some ways with how he is able to help out businesses are by helping them develop plans for the future, examining factors, and setting goals to achieve.

The consultant underwent a Q and A posted on Inspirery about his career, advice to other businessmen, and how he has had so much success.

From the first question, Luke Lazarus talks about himself and how he attended the Melbourne Business School earning an MBA at just 24 years of age. He reflects that he had both the determination and energy to become a proven businessman who already was able to sell 4 enterprises within less than 10 years. Read more: Luke Lazarus Helps Companies Go From Zero to IPO and Luke Lazarus | Business

The consultant realized that he learned a lot at such a young age and gained lots of experience just starting out. The businessman truly believes in making a plan for a business to thrive. It not only helps with sorting out finances but also molding a brands vision. Products also have to line up with the brands’ story to be successful.

One of the elements he sees as important is the story and reflects that he has used just that to gain the attention of various startups and even have the members be integrated into the experience. Research is another valuable tool that he uses when launching products.

Luke Lazarus details that the plans the individual formulates for clients addresses marketing products and in ways to boost sales. He reflects that his detailed plans help clients abide by guidelines and go through steps with a deadline. Now, when it comes to a full day outlook for the businessman, he spends the start of his day meditating for about 10 to 15 minutes to be attentive and relaxed before tackling the days’ duties working with clients, jotting down notes of the day with a to-do list, and organizing. He defines that his days are spent multitasking.

Lazarus shares that he brings ideas to life through formulating solutions to problems, whether for clients or products. He also reflects that he finds a purpose to create a product that fills a need in the market. If he could reverse time, Luke Lazarus shares that he would have told his younger self to not worry so much and to be more confident in his own abilities.

In the very last question, the consultant shares, that like many, he has failed at moments in life. One was with a partner where the planning was not well thought out, and it backfired on him. He gives advice to believe and to be confident.

Learn more about Lazarus:

https://lukelazarusconsulting.com
https://medium.com/@luke.lazarus