Category: Finance

Marc Beer Becomes the Chairman of the Board of LumeNXT

Marc Beer was recently named by LumeNXT as the company’s new Chairman of the Board. The privately-held company is dedicated to developing proprietary surgical illumination products to enhance the efficiency of minimally-invasive surgeries. He brings over 25 years of experience in development and commercialization in biotechnology, pharmaceuticals, diagnostics, as well as devices.

 

According to the leader in the healthcare sector, he feels privileged to be working with a group of highly successful and disruptive surgeons as well as engineers who have played a big role in the advancements that have been realized in the surgical illumination field. They have also been a strong part of the development of LumeNXT proprietary technology which has gone a long way into elevating the safety of minimally-invasive surgery. Marc Beer believes that the LumeNXT platform will to receiving more recognition as more surgeries are conducted leveraging minimally invasive techniques.

 

Surgeons that have had the privilege of using the targeted illumination have attested to its efficiency in enhancing visualization, precision, as well as flexibility when performing operations. The LumeNXT’s illumination platform has a heat reduction system which is designed to improve low-cost disposable options, surgical precision, as well as safety via enhanced visualization.

 

In a statement, LumeNXT’s Co-Founder, Paul Rhyne praised Marc Beer’s accomplishments and welcomed him on board. Marc Beer has a track record of impressive results in leading companies to success from the ground. The vast experience he boasts in starting and guiding startups to success will be valuable to LumeNXT. His capabilities to guide companies throughout global commercial rollout along the path to achieving their goals and profitability is unmatched.

 

In addition to his many professional endeavors, he is the Founding Chairman as well as CEO of Renovia, Inc., a healthcare startup which was founded to develop therapeutic and diagnostic products for the treatment of pelvic floor disorders in women. Prior to Founding Renovia, Marc Beer served at Minerva Neurosciences Inc., a biopharmaceutical company which is focused on products that treats central nervous system diseases. He is the retired Founding Chairman of the clinical-stage biopharmaceutical company. Minerva is performing various clinical trials and developing disruptive therapeutic compounds for major depressive disorders, schizophrenia, insomnia as well as mood disorders, as well as Parkinson’s disease.

 

Prior to founding Minerva, Mr. Marc Beer held several leadership roles in the biopharmaceuticals field. He has been in charge of various commercial launches designed to address rare and debilitating disease globally, initial public offerings, global growth, acquisitions and much more. Some of the positions Beer has held previously include: Former CEO of ViaCell, Genzyme’s Vice President of Global Marketing, member of Erytech Pharma’s board of directors, Good Start Genetics, Inc.’s Founding Chairman of the board, as well as several marketing and sales roles at Abbott Laboratories. Learn more: https://renoviainc.com/

 

James River Capital

Burnout happens in almost every industry – every day, every year. Paul Saunders, founder of James River Capital, talks about managing employee burnout and how to create a more productive environment. The interesting thing is how Sanders actually defines “burnout” and what research studies show.

 

A person being overworked or stressed is a potential candidate for burnout. The human anatomy isn’t built to deal with long periods of stress. Over time, individuals start to experience exhaustion; develop feelings of distrust; and sometimes become incompetent. Sanders suggests that this can be curbed if it is noticed quick enough and acted upon.

 

Since Sanders has acquired the company, he’s noticed signs of burnout among his employees. Noted signs were the shifts in his employee’s attitudes. He also observed employees losing their confidence. Consequently, his employees had totally lost their motivation. One of the more important notes he recalls are employees’ feelings of inadequacy or feeling as if they were not valued by the company.

 

Although it may seem like a tough hurdle to jump, it can be surmounted. Sanders realized that a change in certain policies and schedules had to be made. By doing this, he would relinquish some of the company’s control and let his employees have some say-so in their schedules and the company’s policies. With this newfound order, employees would not feel trapped and they’d have the opportunity freely express their opinions.

 

Paul believes in giving employees 10-15 minutes a day to do mapping out of their daily goals. He senses that it gives them more control over their long work-shift. He talks about being transparent with his employees. Employees tend to feel as if they’re left out of the loop when they don’t know everything. It’s exactly the ‘thing’ that causes them to be resentful and negative which leads to burnout.

 

Saunders constantly drills the management staff about being honest and communicating with employees. Employees should be valued as much as partners. That’s what will contribute to the growth of your business.

 

James River Capital Corp. was originally founded in 1986. It started out merely being an alternate investment center owned by Kidder, Peabody, & Co. Paul Sanders and Kevin Brandt changed the name in 1995 once they acquired it. James River Capital secures investments with one philosophy. If you add alternative investment exposure to a portfolio that is predominantly traditional investments through a sophisticated multi-manager approach – it will yield better overall risk-adjusted return. Learn more: https://www.cbinsights.com/investor/james-river-capital

 

The company has achieved the goal of diversifying its clients investments by developing a sophisticated management hiring process. Paul Saunders is not only the founder, but he is also the chairman and Chief Executive Officer of James River Capital Corp. among other affiliated companies.

” Executive Overview – Marc Beer “

 

LumeNXT , a privately-held company that specializes in the development of a propriety surgical illumination product line for minimally invasive surgeries, has named Marc Beer as the Chairman of the Board.

 

Mr. Beer brings with him over a quarter century of development, advancement and commercialization experience. His main areas of focus include biotechnological initiatives, pharmaceuticals, medical equipment and general diagnostics. His expertise includes profitability and guidance through growth phases, particularly global commercial rollout. He is a visionary and a motivational leader of the highest magnitude, prioritizing resource allocation and capital efficiency.

Mr. Beer is also the Founding Chairman and CEO of Renovia, Inc. Renovia is dedicated to the solving pelvic floor disorders in women using innovative technology that can actually transmit data via Bluetooth to a healthcare professional. Prior to his time at Renovia, he was the Former and Founding Chairman of Minerva Neurosciences Inc. Minerva designs innovative trials with clinical endpoints in an effort to help solve central nervous system diseases.

 

As a specialist in the biopharmaceutical industry, Mr. Beer held numerous leadership roles. These roles were responsible for commercial implementations on a global scale as well as global expansion, capital accumulation through public offerings, and mergers & acquisitions. Companies that he has formerly guided include Good Start Genetics, Inc.; ViaCell , where he rapidly grew the company to more than 300 employees and was acquired in 2007 by PerkinElmer; ERYtech Pharma, Myolex, Genzyme and Abbott Laboratories, where he held various senior management positions in the Pharmaceutical and Diagnostic divisions within. He has been a Director of Seaside Therapeutics LLC since July 2010. Mr. Beer has also served on various boards across the biotechnology industry, providing his expertise and guidance in pragmatic and realistic methods.

 

Mr. Beer obtained a BS in Business Administration from Miami University (Ohio). He currently presides as a member of the Miami University Business Advisory Council. He was formerly a member of the Notre Dame Research and Commercialization Advisory Committee as well as the Notre Dame Graduate Studies Research and Advisory Council. As a devoted father, he enjoys traveling with his children and spending his time golfing.  Learn more: https://www.crunchbase.com/person/marc-beer

Max Salk Talks About His Career And Success

Max Salk is one of the most outstanding investment analysts based in New York City. He has been working as an investment analyst for close to a decade. Max started working after he graduated with a Degree in Finance and a minor in History from the University of Illinois in 2011. This investment analyst began his career at Chicago’s Morning Star where he worked for ten months. From here, Max Salk joined PPM America where he worked for the next three years. In 2015, he moved to New York where he joined The Blackstone Group. Apart from matters of investment, this brilliant professional is also a career landscape photographer. Max was recently interviewed by IdeaMensch where he talked about his career and success.

Focus and productivity

The New York-based investment analyst pointed out during his interview with IdeaMensch that he tries to make his days as productive as possible. He went ahead that being at maximum productivity daily had contributed significantly to his success. Max Salk pointed out that from his experience, being focused goes hand in hand with being productive. Through focus one can undertake a task and complete it extraordinarily well and faster. He urged young professionals to work on being focused on the tasks they are performing at the time if they are looking to be successful. Distractions while working can lead to costly mistakes in any profession.

Planning and preparation

This landscape photographer also pointed out that during his almost a decade of experience in working in a high-risk business environment, he had realized that planning and preparation are crucial to success. Max Salk pointed out that most professionals and even entrepreneurs struggle to bring ideas to life. This is usually due to poor planning and preparation. The investment analyst advised that careful planning and preparation should be done around an idea before it can be brought to life. This process should involve trying to address the challenges that might come out in the bringing of ideas to life. If a professional can be able to predict the challenges and mitigate them, then nothing is stopping their success.

https://prabook.com/web/max.salk/3754344

“Tips to be a successful entrepreneur “

Investing in the field of business has proved to be challenging due to the high competition marked in the sector. Every individual that chooses to venture into the latter must possess unique skills and great traits to enable them to stay active. Success in the field is measured by both personal achievements and the overall health and growth of the venture that an individual has been managing. Selflessness is a dominant trait that every entrepreneur must be sure to exercise when t comes to overseeing the running of every operation in their venture. A great leader must show care towards his employees and treat them with respect. By treating employees well, they get motivated to keep working hard for the benefit of a firm, hence increasing the total production and sales in a venture.

 

On the other hand, people that are passionate about investing must be sure to seek the help of a mentor. Mentors play a significant role in helping people overcome their fears. Besides, they also help people acquire insight into the things they ought to do to make it in the field.

 

On the other hand, it is crucial for people in business to plan. Planning enables one to have an insight into the things they ought to prioritize while conducting their daily business activities. Besides it also allows one to know the possible risks associated with partaking particular steps in the running of their ventures. It also allows one to see the total; budget of the operations they are carrying out and this allows them not to misuse funds.

 

James River Capital is one of the ventures that has exercised integrity throughout its operations. The great leaders that firm has employed have continued to lead the company towards its successes. The firm is today a leader in private equity fund management, and it continues to impact the lives of other people in various positive ways. The firm has not only preferred people insight on the ways they can grow and develop their businesses, but it has also enabled them to identify ways they can overcome every challenge that they face in the running of their ventures. Learn more: https://www.brightscope.com/financial-planning/firm/70804/James-River-Capital-Corp/

 

Among the leaders that have fueled growth at James River Capital is Paul Saunders. The duo has not only showed compassion towards employees, but he has also striven to reinforce them whenever they accomplish great things. He is known for the closeness he exercises with other executives and the entire team of James River Capital. His efforts have seen the venture accomplish great things since its establishment. His educational background is also an outstanding one and he has relied on the skills he gained both at school and at other companies that he served to see the venture stand out.

 

Paul Saunders to Managers: Here’s How to Manage Burnout

It can happen in any line of work. Everything seems to be working out fine, then suddenly the job feels more challenging than it used to, the tasks are harder to complete. Burnout is fairly common, and it can upend a promising career. Fortunately there are signs that burnout is setting in, and Paul Saunders of James River Capital knows what to do in order to keep things moving smoothly.

 

For Saunders, one of the main instigators of burnout is schedule inflexibility. Schedules that prioritize tasks over ability can make employees feel like there’s no sense to the day’s events. This can make a work environment feel oppressive, trapping staff members in a mindset where there’s more things to do than there are hours in the workday. That can cripple their performance.

 

Organization is a must for any well managed office. Saunders starts the workday with 15 minutes set aside to arrange tasks to meet the needs of staff members. This leads to setting reasonable goals that can be met by the end of the workday. With a sense of attainability introduced into the workday, employees are given incentive to increase productivity.

 

If you want to keep an office functioning well, Saunders urges managers to prioritize communication. Everyone has an idea of how their career is going or what’s going on in the office. But if managers aren’t in constant communication with employees, those expectations may not line up with reality. This can make some resentful of the workplace or find themselves out of place when developments take place in the office.

 

Saunders points to a failure in leadership when communication isn’t taking place in the office. Managers ought to make it part of their regular function to tell employees how they are performing at work, making it clear to them if they’re doing well or need improvement. This will make promotions or setbacks easier to accept. Memos and workshops ought to be regular enough to make sure no one is surprised by what’s taking place, and it’ll go a long way towards making everyone feel included and accepted at work. Learn more: https://gazetteday.com/2018/11/paul-saunders-james-river-capital-talks-burnout/

 

But perhaps the most personal cause of burnout is a loss of confidence. When employees doubt their every action, continue to judge their work, and doubt their ability to perform routine tasks, it’s a sign that the pressure of the job is getting to them. Saunders would make one-on-one consultation a priority for managers wanting to save employees from failing at tasks their competent enough to complete.

 

Using reasonable benchmarks and small tasks, a manager can help an employee rebuild their confidence through incremental achievements. This will rebuild their confidence, while also reminding them that they are an asset to the team by contributing meaningfully to office-wide projects.

“The role of business leadership in fighting burn out “

The role of top leadership in a business organization is significant in determining whether such an organization will record success or not. The administration of today cannot be carried out like it used to happen in the past. Today’s business leaders need to appreciate the role of workers in an organization. They play an important role in determining whether the business will succeed or not. Long gone are days when workers were in an organization to take orders. Organizations that give workers the space to become active contributors to the decision-making process are recording better results. It is high time that business leaders adopted strategies that will boost productivity.

Burn out in an organization is one the challenges that need to be defeated, Burn out will affect the productivity of employees meaning that they will not be giving full potential in their duties. It even causes severe challenges in a business environment especially when employees have to miss duties due to emotional or physical stress. Ultimately, the business owner will be the end looser when employees operate at half potential. According to the counsel of Paul Saunders, the CEO of James River Capital, the role of any business owner should involve dealing with the challenges that employees face.

There are signs that employers should read in their employees as a sign of burn out. Here we’ll look at some of them and the solutions that can be applied to solve them.

Engagement

Employees need to start engaging their employees in the decision-making process. Employees need to be involved in the operations of an organization. There is no need to make them feel like aliens in an organization they wake up every day to work at. Decisions on matters such as workers compensation and promotions need to be handled with professionalism. If some workers feel that they are left out of compensation or promotion intentionally, they will develop burn out.

Time-management

Any employee who does not manage to meet deadlines is likely suffering from burn out. It could also mean that the deadlines are too tight and the workers cannot manage to meet the demands as they come. As the overall leader in such a workplace, the best solution to try out is allowing workers flexibility in their work. There is no need to pressure them with unrealistic time frames.

Paul Saunders

Paul Saunders founded James River Capital in 1995. Previously, it was a department of Kidder, Peabody & co. Saunders, a graduate of University of Virginia and University of Chicago with BA and MBA respectively, is well equipped to handle the management of a large investment firm such as James River Capital. He has accumulated sufficient experience to help this organization to stay /profitable in the long run. Learn more: https://www.cbinsights.com/investor/james-river-capital

“How Marc Beer is Moving the Healthcare Industry Forward “

With 25 years of experience, Marc Beer has shown good leadership that has led to many advances in biotechnology. His work has resulted in the creation of products that help people with rare diseases from around the world. He was able to start the company called ViaCell in 2000. The company collects and preserve stem cells. As the CEO of ViaCell, Beer helped ViaCell create business growth, and the personnel grew to nearly 300 employees. He also was apart of the Board of Directors of a biopharmaceutical company called Erytech. Beer held a variety of positions that involved in sales and marketing while working at Abbott Laboratories. Throughout his career, Beer has been on several different boards of directors such as the Chairman of the Board of a company called Good Start Genetics Incorporated. Beer has been able to provide advice while he was a member of the Notre Dame Research and Commercialization Advisory Committee. In 2016, Beer became the co-founder of Renovia. He successfully receives funding for Series A from venture capital funds that are focused on healthcare. Beer has acted as a strategic consultant for a company called OvaScience. Beer received his college education from Miami University of Ohio.

 

The CEO Marc Beer was able to lead the company Renovia Incorporated to obtain $32 million Series B round of funding. The company operates out of Boston, Massachusetts. Beer helped acquire $10 million in venture debt for the company. The funding received will go towards creating products to treat pelvic floor disorders. The beer has been able to help the company develop products that treat the pelvic floor disorders such as urinary incontinence that affects nearly 250 million people. A company called the Longwood Fund have made Investments in Renovia, and it would be a part of the series B round along with perspective advisors based in New York and Ascension Ventures based in Missouri. Beer used the funding to develop diagnostic products that will help women with pelvic floor disorders. The funding will also help create a new version of a device called the Leva device. It would be able to get data that allows different treatment options. Renovia guided by Beer will help educate the people regarding pelvic floor disorders. Beer led Renovia to reduce long term healthcare cost with its’ work that will improve the care of people suffering from pelvic floor disorders.

 

Beer has plenty of investors who believe in the work that’s been developed by Renovia. With investors help, they will be able to improve treatments. The leadership of Beer helped Renovia get a product approved by the FDA. Renovia has been able to develop new treatments and sensor technology to combat pelvic floor disorders. Learn more: https://www.crunchbase.com/person/marc-beer

 

“James River Capital Approach on Improving Your Leadership Skills “

It is said that being a leader is an art as well as a science. Managing your team effectively requires great skill and development. While achieving great leadership takes concerted efforts and time, there are simple things you can implement to your way of leadership to make an incredible difference.

 

Paul Saunders is a good example of a great leader, the founder and leader of James River Capital Corp. He is the current Chairman and CEO of James River Capital Corp. He debuted his career with Warburg Paribas Becker in the Corporate Finance Department in 1979. He also worked in the commodity department of A.G Becker from 1980 to 1983.

 

His extensive executive experience has helped him manage alternative investments. His interest in the financial sector was triggered after receiving his B.A. in Economics in 1977 from the University of Virginia. He furthered his expertise when he graduated from the University of Chicago with an M.B.A.

 

Studies conducted by researchers from various companies have shown what effective leadership should look like. Through these studies, there are three simple modifications you can use to improve your leadership style. Let’s have a look at some of them according to James River Capital’s approach.

 

Don’t Lead, Support Your Team

 

One fascinating leadership model at Facebook involves the making of the initial critical mentality shift. This means that managers at Facebook support their teams rather than lead them. The shift from lead to supporting can dramatically transform how roles are viewed by leaders and change their approach to interactions with teams. Well, many times, small changes result in greatest impacts, even if it’s a one-word change.

 

Hearten Escalation and Welcome It

 

Studies conducted in the recent past show that close to 85% of employees conceal crucial feedback from their bosses. They mostly fear to get into trouble by approaching their employers about an issue, hence they rather not try. Lack of open and transparent communication offers little room for collaboration, innovation, and overall engagement with employees. Learn more: https://www.cbinsights.com/investor/james-river-capital

 

Google, through their research, unearthed the “physiological safety” concept which is vital for leaders to focus on creating. This means that your operational style should make other people feel safe when approaching you with certain pressing matters, improvements, or challenges. There are two ways you can achieve physiological safety and they include promoting escalation and concerns by expressing your appreciation when it occurs. The other method is providing an opportunity for every employee to express themselves, especially during team meetings.

 

Every Opinion Matters

 

As mentioned earlier, you need to support rather than lead your team. This way, you will be removing any possible obstacles, the biggest being team members holding back. In case you have a meeting in place, ensure that you have a rundown of all the attendees. Ensure that you have check marked everyone who speaks. Identify the quietest members and ask them for their opinions on the topic under discussion. Furthermore, avoid being too pushy to ensure everyone is comfortable. This way, you will be able to get everyone’s opinion.

 

“Marc Beer, the CEO of Renovia led in Raising $42 Million for the Healthcare “

Marc beer is the co-founder and the CEO of a med-tech company, Renovia Inc. based in Boston. The health center specializes in the production of therapeutic and diagnostic products which treats a condition caused by pelvic floor disorders such as urinary incontinence. According to researchers’ statistics, approximately 250 million women in the world are believed to suffer from these disorders. On April 2018, FDA approved Leva which were the Renovia`s first product to be developed.

 

On August last year, Marc Beer led in raising the fund for the health care. The total fund raised added up to $42 million which was contributed in two phases. The first batch raised $10 million in venture debt while the second phase raised $32 million in Series B round. The funding will be used in development and testing of other four more diagnostic and therapeutic products as well as in the development of another generation of Leva devices.

 

The Longwood Fund, a healthcare related investment firm that had earlier invested in Renovia, joined the Series B funding, which was led by Perspective Advisors from New York and Ascension Ventures from Missouri.

 

The move was hailed positively from Renovia side. In a statement from Marc Beer, the CEO said that his team is thrilled by the support they have been receiving aimed at helping millions of women suffering from pelvic disorders. He added that through combining their innovative and proprietary sensors technology and creating common health platforms would help customers to access valuable data such as informing them of new treatment methods available, they will learn from them ways to handle pelvic floor disorders, and at the end, treatment cost will lower. The company failed to respond to questions about its investment or its pipeline products.

 

Renovia leadership team is headed by a group of experts in the various health sector who ensures customers need meet. Marc Beer being the Chairman and CEO, he works with other personnel who assists him to accomplish day to day activities. Prior to founding Renovia, Marc Beer worked for more than 25 years in commercializing and development of biotechnology, pharmaceuticals, and diagnostic devices. He together with Ramon Iglesias, MD and Yolanda Lorie are the founded Renovia in the year 2016.

 

William Dull is the Chief Commercial Officer of Renovia, and his primary role is to oversee international commercial and company`s operation. He joined Renovia from Aegerion Pharmaceutical where he developed innovative solutions which helped to solve complex patient problems. Dr. Samantha Pulliam served as the Chief Medical Officer and joined Renovia from the University of North Carolina where she was the Assistant Professor of Obstetrics and Gynecology. She has extensive experience in research where she has published over 50 peer-reviewed research papers and abstracts. Learn more: https://renoviainc.com/leadership/