Who is Eric Lefkofsky?
He is an American Entrepreneur from Chicago who created a health-tech company called Tempus. Tempus (tempus.com) is a platform that is analytical and interactive providing genomic sequencing services and molecular and therapeutic data to give physicians the information to make real-time decisions. Some of those quick decisions can be the difference between life and death!
The goal of starting Tempus was for each patient to receive benefits from others who came before them with physicians given the tools to learn as more and more data is gathered.
As both CEO and co-founder of Tempus, Lefkofsky also has a hand in battling cancer. The company, for all practical purposes, has a built in operating system to do just that.
But Lefkofsky does more than run Tempus. He is also co-founder of Lightbank, where as managing director he manages a venture fund that invests in what’s called “disruptive technologies.” He is also co-founder and chair of Groupon, a global e-commerce marketplace. Lefkofsky also co-created Uptake Technologies, which is a platform of predictive analytics that work for the some of the world’s largest industries Lefkofsky is also involved in Mediaocean, an integrated procurement technology provider and Innerworkings, a managed print and solutions promoter that is global.
According to his book “Accelerated Disruption,” Lefkofsky admits that disruptive businesses are made every day. When an individual comes up with an original idea, and that idea offers better convenience, functionality, price or service, an entire industry can be reshaped. But what happens? Businesses and ideas let that advantage that they have get away from them over time because they don’t realize how fast paced technology allows for challenges to come in an instant. That is what Lefkofsky refers to as “accelerated disruption.”
Lefkofsky says that the accelerated disruption business development is moving at the speed of the next advancement in technology. What businesses benefit from accelerated disruption? Those businesses that both control and understand the forces of technology. Those businesses will keep from getting displaced.
Lefkofsky talks about some important concepts involving startup businesses. Some of these include choosing the right industries, turning pain in an industry into competitive advantage and investigating disruptive ideas and radar testing them.
Eric Lefkofsky also advises that you can turn your customer base into a Resource and Development team that is sophisticated. He says that being able to mater the quick release product improvements art and promoting your ideas while in the face of industry and investor resistance are keys to being successful. Lefkofsky believes that a capital strategy should be developed that supports your business in those first steps and most critical stages of your business development.
Lefkofsky, who is worth more than a billion dollars, gained a lot of success by being able to explain the formation of disruptive businesses. He also provides a framework that is conceptual in the way of making your idea a reality.
In 2006, Lefkofsky formed the Lefkofsky Family Foundation, which is a private charitable foundation that advances high impact initiatives to serve communities and enhance lives.