at the Home Builders Association of Greater Kalamazoo Thursday, May 14, 9:30am
A proud native Michigander, Rick believes it’s time for a leader with a strong entrepreneurial background to reinvent Michigan, restore hope to its people, and provide tangible solutions to the problems being faced by the businesses and citizens of this Great State.
Rick was born in Battle Creek, Michigan on August 19, 1958 to his father, Dale, owner of a window cleaning business, and his mother, Helen, a stay-at-home mom. He studied at the University of Michigan earning a Bachelors of General Studies with high distinction in 1977, a Masters of Business Administration with distinction in 1979, and a Juris Doctor in 1982, all by the age of 23.
After graduation, Rick joined Coopers & Lybrand, now PricewaterhouseCoopers, in Detroit, becoming a Partner within five years. In 1987, Rick married Sue Kerr of Dearborn, Michigan. Today, Rick and Sue reside in Ann Arbor with their 3.5 kids: Jeff, 20; Melissa, 17; Kelsey, 12; and Duggan, their 7-year-old dog. From 1991 to 1997, Rick served as Executive Vice President and then President and COO of Gateway, Inc. During his tenure at Gateway, the company grew from a privately-held $600 million company to a publicly-traded (NYSE) organization with revenues in excess of $6 billion.
In 1997, Rick moved back home to Michigan knowing it was time to utilize his experience to reinvigorate the Michigan economy. He invested back into his Home State by founding Avalon Investments, Inc., a venture-capital firm focused on new technology. In three years, Avalon invested in 24 companies in Michigan and around the United States.
After a successful capital raise of $103 million, Rick co-founded Ardesta in 2000, becoming Chairman and CEO of one of the nations largest investment firms focused on micro and nanotechnology. Ardesta has eight companies spread across Michigan and the United States developing small tech products in fields ranging from life science to clean tech to communications.
Active in the business community, Rick currently serves as founding Chairman of Ann Arbor SPARK, the economic development organization for the Ann Arbor region. In addition, Rick is active on the board of directors or advisory boards of several privately held companies and community and educational organizations, including The Henry Ford, The Nature Conservancy - Michigan Chapter, the New Economy Initiative, the Bank of Ann Arbor, and The University of Michigan. Previous boards included the Michigan Economic Development Corporation (Chair), and the Sphinx Organization. Rick is also a member of the Michigan Bar Association.
Now, with Michigan’s economy quickly spiraling downward, unemployment soaring, and more and more young people abandoning the state, Rick wants to do more. On March 18, 2009, Rick formed the Rick Snyder for Governor Exploratory Committee, and is now traveling Michigan: listening to the people, defining the real-life problems, and developing solutions to reinvent this Great State.
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