I am having this issue with setting up compute module 3 (not the lite version). I am using the io board plus and windows 10. I did check into other forums about similar issues about setting up the compute module with no luck.
So here is the thing. I put the module into the slot of the io board plus. Set the jumper to the EN position, connected to the pc using the micro usb slave connector. Connected the micro usb power supply to the pc as well. Only the red light in the board pops up and nothing happens. I mean, nothing shows up in my laptop. Nothing shows up in the device manager as well. I tried changing my usb cables with no luck. Any help will be appreciated. Thanks in advance