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Becker Private Equity & Business Podcast
Tempus AI: 5 Key Points 5-29-25
00:03:07
In this episode, Scott Becker discusses Tempus AI’s rapid growth, recent market moves, and its impact on oncology care.
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This is Scott Becker with the Becker Private Equity and Business podcast. Thrilled to recently pass 7 million downloads. Thrilled to also be in a spot. We're ranked, I think first a week or two ago on the Apple Business news podcast rankings. So God bless that today's discussion is Tempus AI. Four or five quick points. So here's the deal with Tempus. Tempus AI was founded by a brilliant entrepreneur, Eric Lefkowski. He's also the founder of a company called Groupon. His partner in founding Groupon, Brad Keewell, is not a founder in Tempus AI, but an early investor in Tempus AI. And between the two of them, they own a substantial amount of the shares in Tempus. Tempus AI, just for background, is currently as a market cap, about 9.5 billion. I think there's five or six of the biggest shareholders own about 51%, with Eric, this brilliant entrepreneur, owning about 80, 26% or so of those shares. Tempest fell yesterday on a critical report from a short seller. The short selling reports are always so convoluted because sometimes the short sellers are driving reports to try and drive the stock down so they can profit from short selling. But in any event, the Stock dropped about 20% yesterday. It's back up a few percent today. And so you don't worry too much about Tempest. It's also up about 62% year to date, so it's doing just fine. Now one of the reasons we watch Tempest A is really twofold or threefold. One, it's founded by people that are local to us, so we watch and we're as curious. They've done a tremendous job as entrepreneurs. Second, when a nephew, he had a serious horrendous cancer several years ago, I was fascinated to learn that one of the technologies that the great health system was using to help analyze the cancer and what to do next and to look at precision medicine and so forth, what was developed by Tempus AI and, and this was by one of the greatest health systems in the world. So I was very impressed that they'd moved to that spot where Tempest was what was that well received and that much a tool of the trade by huge health systems. So I was really impressed by it. The third reason I watched Tempest, which you know, I not afraid to admit this is one of my close, close friends who's based in Indianapolis was an earlier investors investor in Tempest and continues to tell me how well he's done with Tempest, why I've done so poorly with another company called Astera Labs. So multiple reasons we watch it. It's founded by Hometown people that have just knocked it out of the park. That's not a pun on the word hometown because I believe that Eric is also an investor in Hometown Coffee and Juice ran by the brilliant Rubin family. The but, but it is a. It was not intended as a pun. But. But the point being Tempest is still just doing tremendously well. It's got a market cap at almost 10 billion 9.5 as of today and my buddy who will remain nameless keeps on bragging to me about how he got into it early and I did not. Thank you for listening to the Becker Private Equity and Business podcast. Thank you very much.