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Rick Hennessey
Entrepreneur and Investor - HouseAmp & Empowered Diagnostics
Professional Background
Rick Hennessey is a dynamic and high-energy entrepreneur with a remarkable ability to identify opportunities for growth and innovation. With substantial operating experience, Rick stands out in the entrepreneurial landscape, having been directly involved in successful exits totaling over $1 billion. His career spans more than two decades and encompasses a diverse range of roles, showcasing his expertise across nearly every facet of business operations.
Currently, Rick is at the helm of two innovative ventures: HouseAmp and Empowered Diagnostics. HouseAmp is a groundbreaking platform designed to enable homeowners to finance their home improvements effectively before selling. This unique service not only empowers homeowners to maximize their property value but also transforms the real estate market by filling a significant financing gap.
On the other hand, Empowered Diagnostics is dedicated to providing low-cost, point-of-care diagnostic tests tailored for the detection and quantification of specific diseases. Currently, the company is making waves in the healthcare industry with two high-quality Covid-19 tests: one aimed at quick detection and another focused on measuring immunity against the coronavirus. Through these ventures, Rick exemplifies a commitment to improving lives and fostering community resilience—showcasing entrepreneurship that deeply cares for societal wellbeing.
Rick’s extensive career includes significant roles as a Founder, CEO, and President, often with large P&L responsibilities in both private and public companies. His entrepreneurial journey is marked by the launch, operation, and successful sale of six companies, demonstrating a profound talent for business development and growth.
Education and Achievements
Rick Hennessey earned his Bachelor of Science degree from the prestigious University of Oregon. This educational foundation equipped him with the analytical and strategic thinking skills vital for entrepreneurship. Over the years, Rick has become a well-respected figure in the business community, not just for his entrepreneurial achievements but also for his dedication to mentorship and the development of the next generation of entrepreneurs.
His professional accomplishments extend beyond founding and managing companies. Rick possesses invaluable experience in sales, business development, strategic partnerships, product management, marketing, client services, and operations. His ability to manage teams ranging in size from small groups of five to large organizations with over 1,200 professionals is a testament to his leadership skills and adaptability in various business environments.
Additionally, Rick has a rich history of board experience, providing insights and guidance at both large public companies and early-stage startups. His leadership extends to participating on numerous board audit committees, compensation committees, and strategic planning groups, further highlighting his qualifications in high-stakes decision-making roles.
Achievements
Rick’s success in entrepreneurship is multifaceted. He has directly contributed to driving substantial revenue growth and profitability in his endeavors by building businesses from the ground up, often navigating the challenges of funding and market competition. His ability to innovate and scale operations has repeatedly proven instrumental to his ventures' successes.
Rick’s comprehensive background also includes being an advisor to startups, where he imparts his knowledge and experience to help emerging companies find their footing in competitive environments. As an investor in over 15 startups, he brings a wealth of experience, recognizing that both triumphs and setbacks in this space offer invaluable educational lessons.
His previous roles also include serving as CEO and investor in notable companies such as SOLIUS and Cequint, Inc., illustrating his capability in leading diverse teams to achieve strategic objectives. Throughout his career, Rick has also held influential positions with other organizations, including Sustainable Group, Eversio Mobile, and Syndeo Systems, further solidifying his status as a well-rounded and accomplished entrepreneur.
Rick Hennessey continues to uphold a reputation as a passionate leader and innovator dedicated to enhancing lives and driving economic growth. His story is a testament to the belief that when entrepreneurs harness their skills and creativity to serve communities, they can spawn industries that inspire hope and generate positive change.