Tempus, the cancer technology company co-founded by Eric Lefkofsky, received a large infusion of funds to aid people undergoing treatment for the disease. In the company’s latest round of fundraising, new and existing investors contributed $80 million to the company. This now puts Tempus’s assets at more than $1 billion. Some of the firms that have invested in Tempus include T. Rowe Price and New Enterprise Associates. Since Lefkofsky co-founded Tempus in 2015, the company has built a database of clinical and molecular data on nearly 20,000 cancer patients. This provides streamlined information for physicians to help them develop more personalized care for their patients.
This allows Tempus to provide genomic sequencing services and therapeutic data so physicians can make data driven decisions on how best to treat their patients. While Tempus specializes in medical data, Eric Lefkofsky himself did not have a medical background prior to forming the company. Some of his previous endeavors include founding the Lightbank, which invests in disruptive technologies, Echo Global Logistics, a technology-enabled transportation and logistics outsourcing firm, and he invested in Uptake Technologies, a predictive analytics platform for the world’s largest industries.
A graduate of the University of Michigan, Lefkofsky has also established the Lefkofsky Foundation to support scientific and educational organizations around the world. Lefkofsky said the $80 million in new funding will help Tempus’s efforts as it continues to grow. He explained the company is adding on average 30 new employees a month as it seeks to expand its data base of patients to aid physicians in their treatment. Lefkofsky added that to help unlock the mysteries of cancer, a lot of data is needed, and Tempus will help compile that information.
With a net worth of 2.5 billion dollars, Wes Edens is a self-made billionaire. He is a united states citizen and a New York resident. Currently, he is ranked at position 369 on the Forbes list. He attributes his main source of wealth to fortress investment group, a company in which he owns 72.8 million shares worth 2.2 billion dollars.In 1998, he partnered with four others, Randal, Peter Briger, Robert and Mike Edward to form the fortress investment. In 2007, it became the first publicly traded buyout firm. It has managed to sell out 8% of its shares to the public for over 500 million dollars. In 2009, he was appointed co-chairman of the Board Of Directors.
Before founding the fortress investment with other principals, he had worked at the Lehman Brothers as a managing director from 1987 when he had completed his university studies, to 1993.He then shifted to the black asset investors acting both as a partner and managing director up to 1998. In 2009 there was the subprime mortgage crisis. This saw the stock prices fall to below a dollar. Wes Edens is credited for helping the company by overseeing the resurge of the prices to above a dollar by offering subprime lending. Wes graduated from the Oregon State University in 1987 with a bachelor’s degree in finance and business administration. In 2014, Wes Edens purchased the Milwaukee Bucks from Herb Kohl at a value of 550 million dollars. He promised the team a new arena to replace the old BMO Harris Bradley center and also to keep the team in Wisconsin.
In 2017, the fly quest, which is a sports franchise was launched by the fortress investment group. Wes Edens noted that the franchise would bring other teams together to compete in the Sports games and competition under the brand, fly quest.He also noted that they intended to compete at the highest levels of Esport and win. The employees at the fortress investment company have praised the company. This is mostly due to the rewarding environment the company provides.It easily recognizes and identifies hard work. The company has provided a learning opportunity and more so inspires those that value working with smart people. It has also been a ground to bring many out of their comfort zones. And broaden their financial knowledge base.In 2015, Wes Edens earned 200,000 dollars in salary, over 400,000 dollars in compensation and 11 million dollars in stock awards.