There are a few guiding principals to entrepreneur Eric Lfkofsky’s professional career. These are to be bold in execution, take calculated risks, and constantly pivot. He is applying these principals to his latest Chicago-based firm, Tempus Inc. His companies goal is to provide doctors with cutting-edge technological tools they need to successfully treat cancer.
Tempus is helping oncologists deliver personalized care to their patients who are battling cancer. They do this by providing interactive analytics and an online platform based on machine learning. They built the largest cancer care database in the world which is analyzed by artificial intelligence and provides doctors with the best treatment options for their patients. This is all based on genomic sequencing where the cancer patients that have been treated in the past better inform the treatment of current patients.
Many people are most familiar with Eric Lefkofsky as one of the co-founders of the global e-commerce marketplace Groupon. He is a serial entrepreneur who has co-founded many other prominent companies such as Mediaocean which is offers other firm’s integrated media procurement technology. He also co-founded Echo Global Logistics which applies technology to outsourcing and transportation. Another company Eric Lefkofsky co-founded is Lightbank which invests in promising technology startups. Click here to watch video.
Along with his wife, Liz, he co-chairs their charitable organization the Lefkofsky Family Foundation. They fund high-impact projects that improve the lives of people in the communities they serve. He also serves as a trustee for multiple not-for-profits like the Museum of Science and Industry and the Art Institute of Chicago.
Eric Lefkofsky says that idea of Tempus came about when someone in his extended family was diagnosed with cancer. He was astounded that physicians didn’t have cutting-edge technology and data to assist them. He started looking if anyone was addressing this issue and as it turns out there wasn’t. It was at that point that he decided to provide the solution himself.
He says that when he co-founds a company with his business partner, Brad, they are usually trying to find a solution to some problem that isn’t being addressed. If they spot a problem people or companies are having and if nobody is providing a solution they figure out how to act.