He co-founded Lightbank a venture capital investing group that develops new business and companies. As chairman of Lightbank he invests in innovative technology. Recently he has become co-founder and chairman of a company called Tempus. This company has designed and built an operating system that fights cancer.
Forbes estimates his wealth today at 1.79 billion. The company Tempus plans to design a large genomic database. It will compares an individual’s DNA so that doctor’s can custom design the therapy to the patient. Eric Lefkofsky is comfortable with risk and with no background in genetics or medicine self-funded Tempus.
When his wife had breast cancer he researched every avenue of treatment. He learned that about treatments and the disease. He found that hospitals and doctors were far behind on the use of data. He says that technology has not permeated healthcare the way it did other industries.
Doctors collect data but in many cases do not have tools to analyze the information. He plans a partnership with leading hospitals to collect a large amount of data. His company will provide gene sequencing tests from a lab in North Rive that is 20,000 square foot long.
According to Forbes, Tempus will provide doctors with software that provides them a way to compare a patient’s genetic profile to their database. This will help them find what treatments worked most effectively. At Tempus, he hired Kevin White a geneticist and top researcher from the University of Chicago. The company now has almost 100 highly qualified trained staff.
Tempus is owned 50/50 by Lefkofsky and his partner Brad Keywell. Their motivation for investing in this company comes from personal reasons and knowing about a problem and find a solutions. They are willing to invest over $100 million in Tempus.
Eric Lefkofsky is very active in charitable causes. In 2006 he started Lefkofsky Family Foundation with his wife Liz to fund programs that help change lives in communities. They have contributed to education, medical, arts, and human rights causes. He is a trustee of Lurie Children’s Hospital, The Art Institute of Chicago, and Museum of Science and Industry.