Building A Billion Dollar Fortune
From his college days onward, Eric Lefkofsky has spent most of his time in the world of business. Starting with Brandon Apparel, a clothing business Lefkofsky created during his college days, just about every startup he creates succeeds. It isn’t too hard to find examples of these startups such as Lightbank and Groupon. Reaching the top of his industry required anticipation and long term foresight from Lefkofsky. Fortunately, he specializes in making accurate predictions.
Always Making The Right Guess
A successful entrepreneur succeeds by finding and following trends in business. Eric Lefkofsky’s success in venture capitalism is largely due to understanding where technology is headed before others and capitalizing on it. Before he created Groupon, Lefkofsky understood the potential of a website connecting local businesses to customers. Giving these businesses a platform to find customers was an obviously good idea, so Eric Lefkofsky went with it. Groupon went on to generate so much success that it actually broke records. In 2010, Groupon reached $1 billion in revenue faster than any other company in history. That success was far from a random fluke.
A Foundation Of Progress
In addition to his success as an entrepreneur, Lefkofsky has made philanthropy an important part of his life. He accomplishes most of his philanthropy through the Lefkofsky Family Foundation. Through his personal foundation Lefkofsky provides financial contributions to charities across the world. The charities he helps run the gamut from scientific research to medical services, but children are the strongest focus of the Lefkofsky Foundation. Lefkofsky is well aware that the position he finds himself in today is the result of both aptitude and opportunity. Through his philanthropy Lefkofsky seeks to provide others with this chance as well.
Cancer Is In His Sights
Tempus is the most recent startup of Lefkofsky’s, and his goals with this startup are greater than his previous endeavors. Tempus is a analytics company providing services for physicians treating cancer patients. Using the unique genomic sequence of each patient, Tempus creates a treatment solution tailored to the needs of each patient. One patient may respond to immunotherapy better than another, while another patient may make better use of certain drugs. Through this approach, Lefkofsky hopes to foster the growth of personalized medicine. Eventually, everyone will have a medical plan specifically tailored to the specific DNA and life history of that individual.
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