American entrepreneur Eric Lefkofsky has built a fortune of $2.5 billion by co-founding very successful technology firms. This places him at #328 on the richest people in the nation according to the Forbes 400 List. A large part of how he garnered this amount of money is by co-founding the daily deals online website Groupon and serving as its chief executive officer for a number of years.He’s now created a firm in Chicago to help doctors fight cancer. This is Tempus Inc. which was founded in 2015. In just those three short years this company is now worth over a billion and so is one of the “unicorn” startups.
Eric Lefkofsky became frustrated with the state of healthcare in America when it came to dealing with cancer. He saw that the healthcare industry was far behind when it came to technology which made no sense at all to him.Tempus now employs over 400 people and, after a recent successful funding round that generated an additional $110 million in venture funds, Eric Lefkofsky and his expert team plan to increase that number. Now that his company is successfully tackling cancer he is looking to expand into other diseases like cardiovascular and diabetes.
These diseases, too, could use a good dose of technology to improve patient outcomes.Eric Lefkofsky built a company that developed an online platform to collect, structure, and then analyze clinical data such as electronic medical records. These have never been organized in a way that could be used to help other patients using big data. His own company also sequences patient DNA which doctors can use to figure out how their patient may respond better to one therapy than another one under consideration.
Sahm Adrangi went to the prestigious Yale University where he attained his Arts in an Economic bachelor degree, and he is the chief executive officer of Kerrisdale Capital Management. The company location is in New York City, and its mandate is managing investments for its clients with a total base of 500 million dollars in liquidity assets. The company focuses on using long-term values and also the events driven situations to offer customized services and advice globally.
It’s a fundamentally oriented company with exceptional and unique investments strategies. According to Sahm Adrangi, the company uses less known ways of investing for accumulating the client’s capital by shortening the company stock of any public company before it gets listed in the stock market. Kerrisdale uses the strategy of betting against the company stock before it becomes public and using this strategy it has gained 28% annual return.
The Kerrisdale capital investment become public in 2009 and become a famous company that accumulated it capital within a short time. Sahm Adrangi worked at Longacre Fund Management as their investment analysts where he managed the company assets of 1.2billion dollars. Longacre Company is private investments Partnership Company that offers various services about equity fund and credit fund. Mr. Adrangi also worked at Chanin Capital Partners that provided bankruptcy restructuring, and he assisted and advised creditors on multiple ways of the reorganization and the Chapter 11 bankruptcy. Sahm main assignments for the company included representing bondholders committees, bank debt holders.
He represented the preferred equity committees, dealing with bankrupt companies and other distressed creditors in different industries.
Sahm Adrangi also worked at Deutsche Bank in the finance group dealing with leveraging where he helped syndicate and structure the bank’s non-investment grade and high yields bonds. Additionally, at Deutsche Bank he leveraged on buying out of the client’s financings, Debts refinancing and Chapter 11 of the exits financing. Sahm Adrangi started Kerrisdale Capital with its core mandate being the leading proponents in investment world using the soft activism investing approach.
The approach creates various catalysts by sharing its investment ideas with the broader community.
Sahm Adrangi boasts of being a publisher and speaker who has offered insights to various publishing companies including the Newyork Times.
Followup to my last tweet —
— Sahm Adrangi (@SahmAdrangi) May 16, 2018