Dick Eidswick served as Chairman, President and CEO of Champ
Car World Series from December 2003 through 2006 and now serves
as a consultant to the company. 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 within Arbor Partners' portfolio.
He also performs much of the analysis on potential market segments
and the players within those sectors.
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.