Rick Valencia, President
Rick has more than 25 years of entrepreneurial innovation and executive leadership experience in rapid-growth, technology-enabled businesses along with a proven track record in market disruption, strategy execution and value creation. As the founder and leader of Qualcomm’s health care subsidiary, Qualcomm Life, he directs all of Qualcomm’s commercial healthcare activities. Rick also has a hand in driving wireless health innovation outside the company through his involvement in the World Economic Forum as the co-chair of the Value in Health Initiative, his oversight of the $10M Qualcomm Tricorder XPrize competition and his oversight of both the $100 million Qualcomm Life Fund and the $100 million dRx Capital which make venture investments in digital health startups.
Earlier in Rick’s career, as founder and CEO of ProfitLine, he cultivated his business savvy building the company from a one-man consulting firm into a 200 person, multi-million dollar enterprise that is now the West Coast arm of Tangoe Inc. (TNGO). As Rick built the company, ProfitLine was one of Inc. 500’s fastest growing companies in America three years in a row, on Deloitte & Touche’s Fast 50 companies four years in a row and he was awarded the Ernst & Young Entrepreneur of the Year award.
Rick is a native San Diegan, committed to the community. He uses his business building know-how to help fellow entrepreneurs launch enduring technology companies as a mentor at the Founder Institute and a member of the Executive Committee of the San Diego MIT Enterprise Forum. He is a board member of Pedal the Cause, a cancer research fundraising organization, a former chairman and long-time board member of Big Brothers Big Sisters of San Diego County and actively supports Rady Children’s Hospital and the Pediatric Diabetes Research Center at UCSD.