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General Information

Websitequickenloans.com
Blogchoosethinking.com
Twitter@cavsdan
BirthplaceDetroit, MI
Birthdate1/17/62

Degrees

Wayne State University, JD
Law
Michigan State University, BA

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Chairman and Founder
Founder

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Dan Gilbert

Dan Gilbert is Founder and Chairman of Quicken Loans Inc., the nation’s largest online lender and a top-five retail home lender in the United States.

Dan is also majority owner of the NBA’s Cleveland Cavaliers and the American Hockey League’s Lake Erie Monsters, as well as the operator of the Quicken Loans Arena (“The Q”) in Cleveland, Ohio.

Dan founded Rock Financial in 1985. The company grew into one of the largest independent mortgage lenders in the country and in the late 1990s, launched its Internet strategy and quickly positioned itself as the fastest growing direct mortgage lender on the Internet.

In 2000, software maker Intuit purchased Rock Financial and the company was renamed “Quicken Loans.” Dan stayed on as CEO, leading the company as it became the largest online home lender.

In 2002, Dan led a group and purchased Quicken Loans and its affiliated national title company, Title Source, Inc., back from Intuit.

Dan became majority owner of the Cleveland Cavaliers in 2005 and undertook a complete overhaul of the entire organization. Shortly after, the Cavaliers won the 2007 Eastern Conference Championship, advancing to the NBA Finals for the first time in the team’s 37-year history. The team finished the 2008-2009 regular season with a franchise record and NBA-best 66 wins and followed that in 2009-2010 with another NBA-best 61-win regular season.

Dan is a founding partner in 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: Northcentral University, Protect America, Ready Financial, One on One Marketing, Connect America, and One Reverse Mortgage.

In addition, Dan is a principal of Detroit Venture Partners (DVP), a Detroit-focused venture capital firm that funds start-up and early-stage technology companies in Detroit.

Dan is also invested and is involved in the operation of several consumer-based, technology-centered businesses, including Fathead, Veritix, Xenith, ePrize, StyleCaster and Quizzle.com.

Dan and a group of partners successfully backed a state-wide referendum to bring first-class casino gaming to Ohio’s four largest cities in November 2009. Through a joint venture with Caesars Entertainment, the partnership is developing and will operate unique urban based casinos in both Cleveland and Cincinnati. The large-scale developments will include street level accessible restaurants and retail to engage, promote and encourage gaming patrons and others to visit and support existing cultural, nightlife and sports attractions in the downtown areas where they are located.

Dan launched Bizdom U in Detroit in 2007. The non-profit entrepreneurial academy trains, mentors and finances business builders in their start-up enterprises in the city of Detroit. Bizdom U’s mission is to create successful businesses, jobs, growth and wealth in large urban centers. Recently, Bizdom U announced its second location, which will open in downtown Cleveland later this year.

Dan serves on the boards of the Cleveland Clinic, the Washington D.C.-based Children’s National Medical Center (CNMC), and the Children’s Tumor Foundation. Dan also serves as Vice Chairman of the non-profit, M-1 RAIL initiative, formed to lead the vision and implementation of light-rail transportation in downtown Detroit.

Dan earned his bachelor’s degree from Michigan State University and his law degree from Wayne State University. He has received the “Entrepreneur of the Year” award from Ernst & Young and has been inducted into the Junior Achievement Hall of Fame

Recent Milestones

Investments

Company Date Round Size Participants
Sociocast 1/2010Series A$1.63M1
StyleCaster 7/2009Series A$4M1
Bluefin Labs 5/2009Seed$1.2M7

Videos

Sources

  1. SEC D (sec.gov) [edit]
  2. StyleCaster Nets $4 Million For Personalized Fashion Community (techcrunch.com) [edit]
  3. TechCrunch [edit]
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Last Edited 4/8/14

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