Tales from the Trenches™ with Eric Lefkofsky, CEO & Founder, Tempus
Apr 21, 2021
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Eric Lefkofsky, CEO of Tempus, shares insights on using AI in healthcare, expanding beyond oncology, including mental health and COVID-19 testing. He discusses his entrepreneurial journey, the importance of data in revolutionizing healthcare, and the relationship between business skills and art collecting.
Tempus aims to expand beyond oncology into areas like mental health and infectious diseases.
Eric Lefkofsky emphasizes the importance of motivation and problem-solving in entrepreneurship.
Tempest integrates diverse skills to drive innovation in healthcare and emphasizes talent acquisition for growth.
Deep dives
Exploring the Transformative Role of Tempest in Precision Medicine
Tempest, led by Eric Lefkowski, has created the world's largest library of clinical and molecular data to advance precision medicine. By leveraging this data, the company aims to revolutionize patient care and research, with recent financing valuing the company at over $8 billion.
Revolutionizing Healthcare with AI-Enabled Diagnostics and Therapeutics
Tempest focuses on AI-enabled diagnostics and therapeutics by harnessing technology to address complex health challenges. By integrating data from diverse disciplines like genomics and pathology, the company aims to optimize treatment outcomes, foreseeing significant advancements in precision medicine.
Challenges and Rewards of Entrepreneurship: Taking Risks for Success
Eric Lefkowski highlights the importance of pure motivation and problem-solving drive in entrepreneurship. Drawing from personal challenges and failures, he underscores the necessity of persisting through risks and obstacles to achieve long-term success.
Adapting and Evolving in Multidisciplinary Spaces: Navigating Talent Acquisition and Growth
Tempest navigates the integration of diverse skill sets and disciplines such as software engineering, genomics, and biology to drive innovation in healthcare. With a distributed workforce across key cities, the company emphasizes talent acquisition and growth to advance its transformative initiatives.
The Parallel of Art and Business: Cultivating Skills in Collection and Innovation
Eric Lefkowski draws parallels between art collection and business ventures, emphasizing the iterative process of identifying value and making informed decisions. Through insights gained from the art world, he leverages a similar approach to drive strategic decision-making in companies like LightBank.
Renowned Entrepreneurs' Insights: Eric Lefkowski and Jeff Aronin Inspire with Entrepreneurial Stories
Eric Lefkowski and Jeff Aronin share valuable entrepreneurial journeys, highlighting the significance of innovation, problem-solving, and resilience in building successful ventures. Their dialogue showcases a wealth of experience and wisdom for aspiring entrepreneurs to navigate challenges and embrace opportunities.
Eric Lefkofsky is one of Chicago's most successful technology entrepreneurs. His entrepreneurial ventures include Groupon, Echo Global Logistics, Lightbank and, most recently, Tempus.
As the founder and CEO of Tempus, Eric has led the company — which uses machine learning and genomic sequencing to better understand cancer tumors — to become one of Chicago's most valuable technology startups. Tempus raised $300 million last year, bringing their total financing to more than $1 billion and their valuation to $8.1 billion.
The most recent infusion of capital has allowed Tempus to expand beyond oncology to additional areas, including mental health, cardiology, diabetes and infectious disease — including COVID-19. Last November, Tempus announced a collaboration with the Yale School of Public Health to develop an at-home, saliva-based, COVID-19 diagnostic test.
In a conversation moderated by Paragon Biosciences Founder, Chairman and CEO Jeff Aronin, Eric discuss his career-long entrepreneurial journey, lessons he’s learned along the way and his vision for the future of Tempus.
The Tales from the Trenches series invites seasoned healthcare entrepreneurs to the MATTER stage to share their journeys — from how they got started to what they’re trying to accomplish and what they’ve learned along the way. Tales from the Trenches is sponsored by Paragon Biosciences.