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44-465: Rock Financial was founded as a mortgage broker in 1985 by Dan Gilbert , Ron Berman, Lindsay Gross, and Gary Gilbert . The company became a mortgage lender in 1988, and in May 1998, Gilbert took Rock Financial public, launching an IPO underwritten by Bear Stearns . The company started to change course in the late 1990s, shifting from a traditional mortgage provider to an online-focused lender. Traditionally,

88-719: A $ 1.2 million donation to help COVID-19 relief efforts in the city of Detroit. Gilbert resides in Michigan with his wife Jennifer Gilbert. His wife is on the Gilbert Family Neurofibromatosis Institute at Children's National Medical Center in Washington, D.C., and on the boards of ORT America and the Israeli and Overseas Committee of the Jewish Federation of Metropolitan Detroit. On May 26, 2019, Gilbert

132-555: A development agreement with the city of Detroit to move the company headquarters downtown, consolidating suburban offices. The construction sites reserved for development by the agreement included the location of the former Statler Hotel on Grand Circus Park and the former Hudson's location. The company saw a small drop in employment levels following the 2008 financial crisis. Quicken Loans moved into its downtown Detroit headquarters in August 2010. The initial move brought 1,700 employees to

176-524: A group of partners successfully backed a statewide referendum to bring casino gaming to Ohio 's four largest cities. Through a joint venture with Caesars Entertainment Corporation , the groups operate urban-based casinos in both Cleveland and Cincinnati . The first of the casinos, Jack Cleveland Casino , opened in May 2012. In 2013, Rock Ventures, the umbrella entity for Gilbert's investments and real estate holdings, announced it had formed Athens Acquisition LLC, an affiliate of Rock Gaming, and acquired

220-541: A new entity called Yahoo! Inc. In addition to its news reporting, TechCrunch is also known for its annual Disrupt conference, a technology event hosted in several cities across the United States, Europe, and China. TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare . In 2010, AOL acquired the company for approximately $ 25 million. As of 2013, TechCrunch

264-490: A panel of judges, participate in networking events, and explore the latest trends in technology through keynote speeches and panel discussions. It's a hub for collaboration, investment opportunities, and showcasing disruptive technologies that have the potential to reshape industries. Startup Battlefield is a startup competition. Monetary awards are presented at the TechCrunch Disrupt conferences. Startup Battlefield has

308-480: A patent was filed regarding extracting data sets from external data stores. J.D. Power named Rocket Mortgage number one in the nation for client satisfaction in primary mortgage origination in 2020, the 11th consecutive year either Rocket Mortgage or Quicken Loans earned the recognition. That year the company doubled its mortgage originations. As of 2021, Rocket subsidiary Amrock has fulfilled more than 1 million digital mortgage closings. While Rocket Mortgage, during

352-451: A private entity and is no longer part of TechCrunch. From 2007 to 2017, TechCrunch sponsored the annual Crunchies award ceremony to award startups, internet, and technology innovations. At the first award ceremony in 2007, Facebook won the award for best startup. TechCrunch announced in 2017 that it would end the Crunchies. The company was criticized for allowing developers to present

396-553: A prominent figure in both the NBA and the city of Cleveland. Gilbert is a founding partner in the private equity group Rockbridge Growth Equity LLC (RBE). The partnership invests in growing businesses in the financial services, Internet technology, consumer-direct marketing, and the sports and entertainment industries. RBE has significant investments in Gas Station TV , Robb Report , and RapidAdvance , among other ventures. Gilbert

440-401: A reputation for launching some of the most successful companies in the tech industry. Notable startups that have been involved in the competition include Dropbox , Intuit Mint , Yammer , and CrateDB . From 2007 to 2015, TechCrunch operated Crunchbase , a website and online encyclopedia of information on startups, key people, funds, funding rounds, and events. In 2015, Crunchbase became

484-535: A stock market of things for high-demand, limited edition products such as sneakers. Gilbert is also invested and involved in the operation of several consumer-based technology-centered businesses, including Fathead , Veritix , Xenith , StyleCaster and Quizzle . Gilbert launched nonprofit Bizdom in 2007, which promotes both tech and brick-and-mortar entrepreneurship in Detroit and Cleveland by supporting on-the-ground service providers. In November 2009, Gilbert and

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528-572: A tech center in downtown Windsor, Ontario . On July 7, 2020, Quicken Loans filed paperwork with the U.S. Securities and Exchange Commission to start the process of taking the company public under the name Rocket Companies. On August 6, 2020, Rocket Companies, Inc. went public on the New York Stock Exchange under the symbol RKT, raising $ 1.8 billion.At the end of 2020, Rocket Companies originated over 1.1 million loans valued at $ 313 billion, at that time these figures were almost twice that of

572-623: A tumultuous period after LeBron James left in 2018. Additionally, Gilbert has faced criticism for his treatment of former head coach David Blatt and for his aggressive pursuit of tax incentives and public funding for his various business ventures in Cleveland. Overall, however, Dan Gilbert's ownership of the Cleveland Cavaliers and the Cleveland Monsters has been a significant part of his business and investment portfolio, and he remains

616-509: Is also an investor in Courtside Ventures, a venture capital fund investing across early-stage technology and media companies with a focus on sports and is a founding partner of Detroit Venture Partners (DVP), a venture capital firm that funds start-up and early-stage technology companies based primarily in  Detroit . Some of the companies DVP has invested in includes LevelEleven, iRule and Marxent Labs. Gilbert cofounded StockX ,

660-752: Is an American billionaire, businessman, and philanthropist. He is the co-founder and majority owner of Rocket Mortgage , founder of Rock Ventures , and owner of the National Basketball Association 's Cleveland Cavaliers . Gilbert owns several sports franchises, including the American Hockey League 's Cleveland Monsters , and the NBA G League 's Cleveland Charge . He operates the Rocket Mortgage FieldHouse in Cleveland , Ohio , home to

704-544: Is the vice-chairman of the not-for-profit M-1 RAIL initiative which is dedicated to promoting light-rail transportation in downtown Detroit. In 2015, Gilbert donated $ 750,000 to the presidential candidacy of Chris Christie . In September 2016, Gilbert donated $ 5 million to Wayne State University Law School. In October of that year, Gilbert also donated $ 15 million toward the planned $ 50-million Breslin Center renovation project at Michigan State University. In 2020, Gilbert made

748-663: The NHL 's Columbus Blue Jackets . Gilbert has been an active and vocal owner, often speaking out on social media and in public about his teams and the NBA. He has also been involved in efforts to bring major sporting events to Cleveland, including the NBA All-Star Game and the NFL Draft . Gilbert's ownership of the Cavaliers has been marked by both success and controversy. The team won its first NBA championship in 2016, but also went through

792-499: The Rocket Mortgage FieldHouse after the completion of the arena's renovation and expansion in 2019. In 2022, Rocket Mortgage and Q2 announced a new partnership to support homebuyers. Under the partnership, banks and credit unions can offer customers digital access to Rocket Mortgage - integrated on the Q2 digital banking platform - and Rocket Mortgage then takes over all actions related to loans and servicing. The new digital offering simplifies

836-464: The State Bar of Michigan . While in college he earned a real estate agent 's license, and while in law school, he worked part-time at his parents' Century 21 Real Estate agency. Gilbert founded Rock Financial in 1985 with Ron Berman, Lindsay Gross and his younger brother Gary Gilbert . In the late 1990s, the company launched its internet strategy, becoming an early online direct mortgage lender. In

880-638: The Titstare application created by participants in a hackathon at TechCrunch Disrupt 2013. The application allows users to "stare at tits". In 2011, the site's editors and writers were criticized for possible ethics violations . These included claims that Arrington's investments in certain firms that the site had covered created a conflict of interest . The controversy that ensued eventually led to Arrington's departure, and other writers, including Paul Carr and Sarah Lacy , moved to another technology investment based media company. In 2014, TechCrunch Disrupt

924-467: The home mortgage business in America has been fragmented due to varying regulations in each state and locality. Gilbert challenged this orthodoxy, however, by offering loan applications online that were reviewed by experts versed in the regulations of each region but who were located in a central headquarters. In October 1999, almost a year and a half after Rock Financial’s 1998 IPO, Intuit Inc. agreed to buy

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968-510: The Cavaliers and Monsters. As of January 2023, Forbes estimated his net worth at US$ 18.3 billion. Gilbert was born to a Jewish family in Detroit, Michigan . He grew up in Southfield, Michigan , where he attended Southfield-Lathrup High School . He earned his bachelor's degree from Michigan State University and a Juris Doctor from Wayne State University Law School , and he is a member of

1012-433: The United States, and was the nation's largest online mortgage lender. In 2016, the company employed 24,000 people nationwide, with approximately 17,000 working in the city of Detroit by 2017, making it Detroit's largest employer, minority employer, and taxpayer. In January 2018, Quicken Loans became the nation's largest mortgage lender. On October 15, 2018 Quicken Loans announced that it was expanding into Canada by opening

1056-630: The United States. On May 12, 2021 Quicken Loans announced that it would be rebranded to Rocket Mortgage, by July 31, 2021.< In 2015, Quicken Loans created Rocket Mortgage, the first lender to perform electronic closings (eClosings) in all 50 states. When the platform was launched, TechCrunch claimed it was the mortgage industry's “iPhone moment” and compared the application process to TurboTax. The Rocket Mortgage platform uses data input by customers to pull information such as property taxes, homeowner’s insurance, and income history. With this system, customers no longer have to manually upload documents. Once

1100-652: The city's Woodward Avenue, including One Woodward Avenue and the 1001 Woodward office tower. In September 2013, Gilbert was named co-chair of the Blight Removal Task Force . The group published a detailed plan in May 2014 to remove all blighted structures and lots in the City of Detroit. In 2015, he purchased Book Tower in Detroit for the price of $ 30 million. A 2017 Politico Magazine article named Gilbert one of "America's 11 Most Interesting Mayors", listing him as though he were Mayor of Detroit due to his role in

1144-524: The city's development. In September 2017, Detroit Mayor Mike Duggan appointed Gilbert to lead a committee to make a bid for online retail giant Amazon to bring its second North American headquarters to Detroit. In 2018, Amazon narrowed its list of potential headquarters locations, removing Detroit from its list of contenders. In September 2012, Gilbert and his wife Jennifer joined The Giving Pledge , committing to give half of their wealth to philanthropy throughout their lifetimes. Gilbert's eldest son

1188-463: The city. In 2009, Quicken was headquartered at One Campus Martius facing Campus Martius Park in Detroit. The company also housed its employees in Downtown Detroit's First National Building , The Qube , Chrysler House , One Woodward Avenue , and 1001 Woodward , all owned by Quicken Loans' parent company, Rock Ventures . In 2014, Quicken Loans grew to be the 2nd largest mortgage lender in

1232-574: The company are helping lead a revitalization of Detroit's urban core. Gilbert's Bedrock Detroit has purchased several buildings in downtown Detroit , including the historic Madison Theatre Building, Chase Tower , Two Detroit Center, Dime Building , the First National Building , the David Stott Building , and the former Federal Reserve Bank of Chicago Detroit Branch Building. Bedrock Detroit has also purchased several buildings on

1276-401: The company at a valuation of $ 370 million. The name changed to Quicken Loans. In 2002, Dan Gilbert and a group of private investors bought the company back. In 2004, Quicken Loans became a defendant in a class action lawsuit. This was filed against the company on behalf of employees who had worked as loan consultants and wanted overtime pay. In 2011, a jury ruled in favor of Quicken, ruling that

1320-408: The fourth quarter of 2017, the company became the largest retail mortgage lender by volume in the United States. In 2000, software maker Intuit Inc. purchased Rock Financial and renamed the national web operation Quicken Loans . In 2002, Gilbert and a group of private investors purchased Quicken Loans and its affiliated national title company, Title Source, Inc., from Intuit. As of 2021, Gilbert

1364-682: The majority interest in Greektown Superholdings Inc., owner of the Greektown Casino-Hotel located in downtown Detroit. In late 2018, Gilbert bought the online dictionaries, Dictionary.com and Thesaurus.com . In November 2017, former professional Call of Duty player and 100 Thieves CEO Matthew "Nadeshot" Haag announced that Gilbert had made a multimillion-dollar investment into the esports organization. Quicken Loans moved its headquarters and 1,700 of its employees to downtown Detroit in August 2010, where Gilbert and

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1408-411: The majority owner, controlling 79% of the company's shares. In 2005, Dan Gilbert bought the Cleveland Cavaliers for $ 375 million, which was then a record price for an NBA team. Since then, he has overseen significant improvements to the team's facilities. In 2006, Gilbert also purchased the Cleveland Monsters, a professional ice hockey team in the American Hockey League . The team is affiliated with

1452-577: The mortgage process and is offered at no cost to the financial institution. At the end of 2022, Rocket Mortgage originated 464,363 mortgages worth $ 127.6 billion. United Wholesale Mortgage, the second largest mortgage company, originated 348,415 mortgages worth $ 127.5 billion. Rocket Mortgage has launched several initiatives that support its home communities of Detroit, Cleveland, Charlotte, and Phoenix, including initiatives focused on ending veteran homelessness and supporting digital literacy. Dan Gilbert Daniel Gilbert (born January 17, 1962)

1496-414: The next largest lender in the U.S., United Wholesale Mortgage , which is also headquartered near Detroit. In January 2021, Quicken Loans launched a new national mortgage broker directory on RocketMortgage.com.This was part of the company’s effort to help brokers grow their businesses and provide more options for home buyers. In March, the company was the number one mortgage lender by overall business in

1540-576: The platform has all needed data, it suggests customizable loan options. Rocket owns three patents around verifying client data, filtering it and sourcing it, and extracting it from external parties. In its first full year, the Rocket Mortgage platform funded $ 7 billion in closed loans. In 2018, Rocket Companies surpassed Wells Fargo as the number one mortgage lender in the United States. In 2019, Rocket Mortgage filed another patent for data set selection using multi-source constraints.In October of 2020,

1584-430: The positions were exempt from overtime and also that the employees worked “zero hours over 40.” In August 2007, the entire mortgage industry faced a crisis in obtaining new credit from banking institutions and hedge funds. In response, Quicken Loans discontinued second mortgages, home equity lines of credit , Alt-A products, and deferred interest loans. On November 12, 2007, Founder and Chairman, Dan Gilbert announced

1628-498: The private equity firm Apollo Global Management , and Apollo integrated them into a new entity called Yahoo . Starting in New York City in 2010, TechCrunch hosts an annual tech conference, TechCrunch Disrupt, in several cities in the United States and Europe. TechCrunch Disrupt brings innovators, entrepreneurs, investors, and tech enthusiasts worldwide. At Disrupt, attendees can witness groundbreaking startups pitch their ideas to

1672-692: The year 2021, grew its mortgage originations by more than 30%, continuing to surpass Wells Fargo and JPMorgan Chase. Rocket sponsors the Rocket Mortgage FieldHouse, an arena located in downtown Cleveland, Ohio. It is the home of the Cleveland Cavaliers of the National Basketball Association (NBA) and the Cleveland Monsters of the American Hockey League . The arena, formerly known as the Quicken Loans Arena, changed its name to

1716-632: Was available in English, Chinese (managed by Chinese tech news company TechNode), and Japanese. TechCrunch France was folded into the main TechCrunch.com site in October 2012. Boundless (formerly Verizon Media Japan), the Japanese subsidiary of the TechCrunch's parent company, closed TechCrunch Japan in May 2022 according to its "global strategy". Following the acquisition of AOL and Yahoo by Verizon , TechCrunch

1760-833: Was born with neurofibromatosis and died at the age of 26 in 2023. Gilbert established two neurofibromatosis research clinics at the Children's National Medical Center (CNMC) in Washington, D.C. , and at the Dana Children's Hospital at the Sourasky Medical Center in Tel Aviv , Israel. Gilbert is also on the boards of the Children's Tumor Foundation, the Cleveland Clinic , and the Children's Hospital Foundation (an affiliate of CNMC); and

1804-470: Was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare . In 2010, AOL acquired the company for approximately $ 25 million. Following the 2015 acquisition of AOL and Yahoo! by Verizon , the site was owned by Verizon Media from 2015 through 2021. In 2021, Verizon sold its media assets, including AOL, Yahoo!, and TechCrunch, to the private equity firm Apollo Global Management . Apollo integrated them into

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1848-592: Was owned by Verizon Media from 2015 through 2021. In August 2020, the COO of TechCrunch, Ned Desmond, stepped down after eight years in the company. He announced that he would join the venture capital firm SOSV in December 2020 as a senior operating partner. His former role at TechCrunch was replaced by Matthew Panzarino, former editor-in-chief, and Joey Hinson, director of business operations. In 2021, Verizon sold its media assets, including AOL, Yahoo, and TechCrunch, to

1892-470: Was taken to the hospital and treated for a stroke at the age of 57. His eldest son Nick Gilbert, died on May 6, 2023, after a long battle with neurofibromatosis. Gilbert's companies have achieved the following accolades under his watch: Quicken Loans/Rocket Mortgage Cleveland Cavaliers Cleveland Monsters TechCrunch TechCrunch is an American global online newspaper focusing on topics regarding high-tech and startup companies . It

1936-440: Was the chairman of Quicken Loans, Inc. In 2007, Gilbert and the city of Detroit announced an agreement to move the company's headquarters to downtown Detroit. All 3,600 Michigan-based employees moved into Detroit's urban core by the end of 2010. In August 2020, Quicken Loans went public under the name Rocket Companies and made its debut on the New York Stock Exchange under the ticker symbol "RKT". As of 2020, Gilbert remained

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