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Founder and Advisory Board

OverCoffee maintains a relatively flat organizational structure and operates with an Open Book philosophy. Ryp Walters, OverCoffee's Founder and President (see below), is quick to credit the success of the company to the OverCoffee staff. To help the company with strategic planning, OverCoffee maintains a three person Advisory Board. Each member of the Board has a strong background in one of OverCoffee's key strategic areas: financial, marketing and technology.

Bios: Ryp WaltersRichard SchwabDick DamrowRick Bunney

Ryp Walters
Founder, President, Recovering Engineer
From his vast educational background to his practical work experience, Ryp has demonstrated a firm knowledge of the practical applications in cutting-edge technologies. Completing his undergraduate and masters' degrees in Electrical Engineering in just four and a half years at Virginia Polytechnic Institute and State University (VPI), Ryp has demonstrated his drive for technical applications.

Ryp has worked in both large and small businesses with practical applications of cutting edge technology. While understanding the engineering elements, he focused on product development and user acceptance research. This includes spread spectrum cellular phones (1988-1990), ISDN digital telephony (1991-1992) and hand-held Global Positioning System products (1992-1994).

Ryp founded Developing Virtual Realities (DVR) as a web development firm in September 1994 with the goal of applying his talents beyond the design stage. Recognizing the potential opportunities that the Internet would become, Ryp knew he'd found his dream job. For three years, DVR grew from a web development business to a full-service Internet company offering dial-up and dedicated Internet connections. As the business steadily grew, Ryp separated it into two businesses: telephony and web site design. In June 1998, he spun off the telephony portion and renamed the web site development company, OverCoffee Productions.

After performing market research on his largest customers, Ryp chose to focus OverCoffee in the Gift, Toy and Collectible Industries.

Since then, Ryp has gained significant experience in sales and marketing techniques while building strong relationships with employees and customers. Wishing to gain additional business management knowledge, Ryp graduated from the Fast Trac II program through the University of Iowa Business School in 1997. Ryp frequently speaks on Internet topics at trade shows and conferences.

Richard Schwab
Board Member
Richard Schwab provides a keen eye on the financial aspects and influences that impact the technology industry in which OverCoffee participates. A true “Friend of the Entrepreneur,” Mr. Schwab naturally blends optimism with reality checks while maintaining a sincere interest in Return On Investment. He earned a BA in Accounting and an MBA in Marketing from University of Minnesota, Duluth. With his CPA and CMA accreditation, Mr. Schwab has 24 years business experience working at Medtronic and NCS in Accounting, Finance, and General Management. He is currently an Angel Investor, Community Volunteer, and
Woodworker.

Dick Damrow, Vice President for Creative Services
Board Member
Before moving to Iowa to join a division of Young & Rubicam, Dick was Executive Vice President of Carmichael Lynch, a leading national consumer advertising agency in Minneapolis.

With advertising and communications experience on both the agency and client side of the desk, Dick has been integrating branding and direct marketing programs for national marketers for more than 30 years. He now guides creative and campaign strategy for Stamats Communications, a marketing and communications firm that exclusively serves more than 100 colleges and universities.

A former Midwest Direct Marketer of the Year, Dick was named to the Cedar Rapids Advertising Federation Hall of Fame in 2002. He has served on the faculties of the National Center for Database Marketing, the Direct Marketing Development Collaborative, and Adweek Seminars. He has been a guest lecturer in direct marketing at the University of Minnesota, St. Thomas University, University of Wisconsin/Madison, University of Iowa, and served on the faculty of the American Association of Advertising Agencies Advanced Advertising Institute.

He holds the Certified Business Communicator (CBC) professional designation and is a cum laude graduate of Hastings College in Nebraska. In addition to the OverCoffee Advisory Board, he currently serves on the Board of Advisors of two other start-up companies and the Board of Directors of Theatre Cedar Rapids, "You're Not Alone" Conferences, and Peppertree Studios Art Gallery.

Rick Bunney
Board Member
Rick Bunney brings technical review and technical resource management experience to the Board. With a BS in Applied Mathematics degree from the University of Pittsburgh, Mr. Bunney started his career as a computer programmer with Electronic Data Systems. He earned his advanced systems engineering status while swimming with the sharks during his employment at EDS. Mr. Bunney successfully transitioned his skills into a management role at APAC where he oversaw the backend data processing and quality assurance organizations.

While employed at CRST International Inc., he is Vice President MIS in an industry where margins are thin and access to real-time data is critical.



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