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.