June luncheon: Inside an acquisition
Ever wonder what it’s like to be part of a major acquisition? Join us for Venture Connectors’ June 1 luncheon to hear from Tim Reilly, founder and former president of Stonestreet One, who will share his experiences when his technology firm was acquired by Qualcomm Inc. in September 2014. Click here to register for the event.
The deal represented a strong national endorsement for the Louisville tech sector and a boon for the local investors involved with Stonestreet One.
As part of the acquisition, the Louisville office remained open and its engineers were offered positions at Qualcomm. Reilly now serves as senior director of business development in wearable products for Qualcomm, a global wireless technologies company based in California. Part of his new role involved leading the integration of Stonestreet One’s operations into the tech giant.
Reilly is a Louisville native, the eighth of 10 children, and a 1981 graduate of St. Xavier High School. He earned both bachelor’s and master’s degrees in electrical engineering from the University of Louisville Speed School of Engineering. Reilly began his career as a software engineer for several groups within Motorola’s Land Mobile Product Group in Fort Lauderdale, Fla., and Schaumburg, Ill. He later went to work for Sun Electronic Systems in Fort Lauderdale, and Innovative Electronic Designs (IED) in Louisville.
In 1996, Tim started his contract programming business, Reilly Systems. Rebranded as Stonestreet One LLC in 1999, the company provided protocol stack and application software for Bluetooth wireless technology. Stonestreet One’s core product was Bluetopia, which uses Bluetooth technology to connect devices such as headsets, automotive communications systems, phones, computers and other consumer products.
Venture Connectors’ regular luncheon meetings are held on the first Wednesday of each month at the Muhammad Ali Center, 144 N. Sixth St. Doors open at 11:30 a.m., and the meeting runs from noon-1:15 p.m. Members attend free; associate members pay $30. Guests who register online by noon the day before the lunch pay only $40. Click here to register for the event.
We hope to see you on June 1!
Click here to login to your member profile.
Venture Sharks 2016
This year's winner has been announced! Click here for details about the region's hottest business competition!
Submit Your 30-Second Open Mic Announcement
If you made a 30-second announcement at the last luncheon and would like us to post it the website, please submit your announcement by clicking here.
Muhammad Ali Center
144 N.Sixth St.
Louisville, KY 40202
Phone: (502) 584-9254
Other Events Around Town
2016 Who's Been Funded
8 - Companies funded
$52,674,000 - Capital raised
1 - Company exit
Undisclosed - Capital invested
2015 Who's Been Funded Final Results
41- Companies funded
$22,381,717 - Capital raised
5 - Company exits
$1,174,000,000 - Capital invested