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Richard P. Eidswick
Arbor Partners, LLC

Dick Eidswick served as Chairman, President and CEO of Champ Car World Series from December 2003 through 2006 and now retired. He is also Founding Director of Arbor Partners, LLC, a venture capital firm located in Ann Arbor, Michigan, which he co-founded in 1996. As an entrepreneur three times over, Mr. Eidswick’s experience enables him to advise many of the start-ups. He is also a director of Ann Arbor Angels, an organization that works with young companies and angel investors.

Mr. Eidswick founded Network Express and served as President and CEO from start-up in 1990 through several rounds of venture financing and a public offering in 1994. Network Express was a fast-growing company in the emerging ISDN communication industry, with product revenues increasing from zero in 1990 to $19 million in 1995. These products connected computers together across wide area networks and were sold in Japan, Europe, and the United States. In 1996, Cabletron Systems acquired Network Express for $110 million.

Prior to starting Network Express, Mr. Eidswick was Chairman and CEO of Diffracto, a Canadian company in the machine vision business. In three years, he turned Diffracto around from $5 million losses in 1986 to a small profit on $11 million in revenues in 1989. This business success in a very competitive market allowed the major product line to be merged with Perceptron in 1990.

In 1982, Mr. Eidswick was the founder and CEO of Machine Vision International (MVI), a position he held until the company was merged with Compucom in 1986. In three years, MVI grew from a start-up to $9 million in sales. MVI sold to accounts in aerospace, automotive, and electronics in the United States, Europe, and Japan. During his tenure, MVI raised $15 million in private and public financing, including a public offering on NASDAQ. From 1968 to 1982, Mr. Eidswick was Senior Vice President and a Director of Comshare. Mr. Eidswick is on the Board of Directors of the Bank of Ann Arbor. He is a founder and past-President of the Michigan Venture Capital Association.

Mr. Eidswick received a BS in mechanical engineering from San Jose State University and studied management at New York University.

Michigan Business School