Why Eric Lefkofsky Founded The Medical Startup Tempus

The Free Market Will Cure Cancer

Eric Lefkofsky is an entrepreneur and understands the world through the lens of business. Since his college days Lefkofsky has used to the free market to find solutions, so it made sense to invest in the tech startup Tempus. He understood the potential of their new approach to cancer and wanted to give them support. There approach, treating cancer patients with personalized therapy, is unlike anything previously done.

He Wants To Promote Personalized Medicine

Our current approach to medicine takes a strange “one size fits all” approach. Even though doctors understand that everyone has a unique genome and life history they treat patients as if one solution is going to work regardless of the individual’s circumstances. Tempus breaks away from this thinking to favor a different approach to cancer therapy. Equipped with the unique DNA sequence of the patient, Tempus is able to help doctors understand how the patient’s genetics will interact with any particular therapy. Some genes will allow certain medicines to work very well, but others medicines may not work at all for a patient with a specific genetic makeup.

Lefkofsky Knows How To Pick A Winner

Throughout his career as an entrepreneur, Lefkofsky has successfully identified which companies can succeed and which he shouldn’t even bother with. While still attending the University of Michigan Lefkofsky created his first company Brandon Apparel. After a string of similar hits he eventually founded Groupon. At the time one of the fastest growing web companies, in fact it set a record for reaching $1 billion in revenue, Groupon was eventually purchased by Google for a whopping $6 billion dollars. When Lefkofsky touches something it has a tendency to turn to gold. That’s something physicians working in cancer therapy could use.

He Wants To Give Back To Others

As a billionaire entrepreneur Lefkofsky carries great power. He understands the impact he can have on the lives of others. Founding Tempus was more than just an endeavor to make some money. It is a reflection of values Lefkofsky holds strongly. Over time, the billionaire has created a number of charitable organizations and provided support to others. The Lefkofsky Family Foundation, operated by him and his wife Liz Lefkofsky, contributes to the aid of children in need across the world and Tempus, like his foundation, is simply extending that into a new territory.

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