Recently, ChicagoInno published an article by Jim Dalke called “Eric Lefkofsky’s Self-Funded Mission to Cure Cancer Through Data”. The article discusses Groupon Co-Founder, Eric Lefkofsky and his new venture called Tempus.
After his wife was diagnosed cancer Lefkofsky felt a need for a dynamic shift in the technology and data of treatment. As he and his wife went to a variety of specialists and doctors, he realized that there was not a lot of hard data for them to make decisions about Mrs. Lefkoksy’s treatment. Instead, he felt devastating confusion because of the lack of information and data to provide clear decisions.
Because of this, he founded the company Tempus. Despite not wanting to start any new companies at this stage in his career, he felt a solution to this overwhelming problem was necessary. He wanted to create a paradigm shift in the technology available physicians treating cancer patients. Tempus provides a library of molecular data and biological patient information along with an operating system. Using this information will allow doctors to learn from the treatment of previous patients and establish more accurate treatment plans based on similar molecular profiles for their current patients. The data will allow doctors to see into the body, perceiving any possible mutations and which options have been the most effective.
Tempus was a significant investment for Mr. Eric Lefkofsky. The company is self-funded which allows the company to have a distinct advantage over the competition who depend on outside funding. Because it felt so personal to him after his wife’s diagnosis, he was willing to invest millions of his own money into the company.
Eric Lefkosky is well known for being the co-founder of Groupon with a net worth of over $150 million according to Forbes. However, he is also the co-founder of a variety of other companies. Uptake is another analytics company that seeks to optimize performance in global companies. He also started a venture capital firm called Lightbank that specializes technology companies with an integrated role in helping them develop quickly. Mediabank is a media platform for advertising agencies that organizes the marketing process.
He was born in Michigan to a structural engineer and a teacher. He studied at the University of Michigan and graduated with honors. In 1993, he received his Juris Doctorate from the University of Michigan Law School.