David Eraker filed one of the suits in federal court Monday. Have a scoop that you'd like GeekWire to cover? 5 Pennsylvania Plaza 15th Floor It states that after founding Redfin, Eraker left and later formed Surefield, an online brokerage that pioneered 3D tour technology. There are currently no Blogs by Industry Voices. The federal case, which was technically filed by Eraker’s company, also asks that Redfin be barred from using technology based on Eraker’s patents. Michael Dougherty – Co-Founder and COO
Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger. The suit, filed this week in Seattle, could be a significant roadblock for Redfin as the company considers an initial public offering. Michael earned engineering degrees from Yale and the University of Washington, and holds two US Patents for electronics inventions. The internet speeds we want are not just a function of your home or office network, but also how your ISP manages capacity and latency to enable the “zip” we’re all looking for.
David Eraker, who had dropped out of the University of Washington's medical school for a career in software design, was inspired by his own real estate misadventures and founded Redfin with hopes of upending the traditional brokerage model. The suit was filed Monday by Michael Dougherty and David Selinger, well known technology executives and entrepreneurs who joined Redfin when it was just a germ of an idea. The suits additionally mention a number of patents from that period that bear Eraker’s name. Update: This post was updated after publication with additional information from Eraker. The two cases have their origins in events that happened years ago. Michael has a background in engineering and previously served as Director of Operations at a small Seattle software firm. Within two years of its founding, court documents state, Redfin was “the first and only company to” combine an array of data types, including from satellite imagery, county assessors’ offices, multiple listing services and more. © 2020 Relationship Science LLC. Selinger joined as CTO in 2004, while Dougherty is a co-founder and one of the original investors in the country. The Other segment focuses in charges for title and settlement services, mortgage banking operations, walk score licensing and advertising fees, homes sold through Redfin Now, and other services. Presence of Michael Dougherty's profile does not indicate a business or promotional relationship of any kind between RelSci and Michael Dougherty. Harness the power of your relationships with RelSci Pro, the powerful platform for identifying relationship-driven business opportunities and connections that can propel your career forward. At the time, Redfin also reserved the right to repurchase the shares at 40 cents per share, though that right disappeared at the time of a change of control. In a LinkedIn recommendation, Kelman notes that he never worked with Selinger, but says that the engineer “built a magnificent real estate search application.”. The use of any trade name or trademark is for identification and Redfin co-founder sues company over patent infringement, David Eraker claims Redfin has stolen his intellectual property and cost him millions of dollars in the process, What you need to know to start your day with all the latest industry developments. Redfin was founded in 2004 by David Eraker, Michael Dougherty, and David Selinger. Additionally, Surefield holds a number of patents related to the tour technology, and those patents name Eraker as an inventor. They begin by explaining how Eraker founded Redfin in 2002, and was later joined by Michael Dougherty and David Selinger. reference purposes only and does not imply any association with the trademark holder. Michael „Mike“ Dougherty (* 28.
Dougherty now works at Amazon.com, while Selinger serves as CEO of San Francisco-based RichRelevance. The federal lawsuit hinges on events that happened following Eraker’s ouster from Redfin in 2006. Redfin Corp., ValueAppeal LLC. Selinger joined as CTO in 2004, while Dougherty was a co-founder and an original investor. Find RelSci relationships, employment history, board memberships, donations, awards, and more.
You can see the full suit here, which details some of the early growing pains that Redfin experienced as a startup. These shares became vested if they left Redfin for a good reason or if control was changed. With Redfin in dire straights in the Spring of 2005 under then CEO David Eraker, Dougherty and Selinger left the company, signing a settlement agreement acknowledging that their shares were fully vested. Michael Dougherty – Co-Founder and COO Michael has a background in engineering and previously served as Director of Operations at a small Seattle software firm. This web site is not endorsed by, directly affiliated with, maintained, authorized, or The suit was filed Monday by Michael Dougherty and David Selinger, well known technology executives and entrepreneurs who joined Redfin when it was just a germ of an idea. The Real Estate segment consists of real estate transactions. Dougherty and Selinger allege that the series A investment by Madrona — which closed in Sept. 2005 — constituted a “change of control” since more than 50 percent of the combined voting power shifted to those who were not previously shareholders of the company. Click edit to customize. Using radio trackers, scientists locate ‘murder hornet’ nest in Washington state — first ever in U.S. Redfin has grown into a sizable company in the past 10 years, with CEO Glenn Kelman telling GeekWire late last year that it anticipated sales of between $50 million and $100 million in 2013. According to Selinger, the intention was clear: Redfin wanted to cancel his shares, along with the shares of Dougherty. sponsored by Michael Dougherty. Redfin is facing a lawsuit in King County Superior Court from two of its earliest employees who allege that the Seattle online real estate company is attempting to wipe out their shares as it preps for an initial public offering. “In January 2014, and apparently in anticipation of an initial public offering, Redfin purported to exercise its right of repurchase from Messrs. Dougherty and Selinger, and purported to cancel their shares,” the suit says.
ValueAppeal is a software company that offers an online platform for home owners to check if they are overpaying their property taxes and file appeals if they are. Eraker believes Redfin, along with partner Matterport, copied that technology despite Eraker and his company patenting it. Browse in-depth profiles on 12 million influential people and organizations. However, Eraker’s suit claims that despite those patents, Redfin and Matterport launched their own version of the concept shortly after Surefield did. David Eraker, who had dropped out of the University of Washington's medical school for a career in software design, was inspired by his own real estate misadventures and founded Redfin with hopes of upending the traditional brokerage model. However, as Redfin was preparing for its Series A funding round in 2005, Madrona managing director Paul Goodrich allegedly discovered technology that Eraker had developed while at Redfin. Subscribe to GeekWire's free newsletters to catch every headline. Those shares were to become fully vested if they left the company for good reason, or if there was a change of control.
Founded: The company is initially incorporated as Appliance Computing Inc. in Washington in October 2002. RelSci Relationships are individuals Michael Dougherty likely has professional access to. Both Selinger and Dougherty left Redfin and signed an agreement to acknowledge these shares were fully vested. 6681 Dougherty Rd is vacant land in Acampo, CA 95220.
Michael earned engineering degrees from Yale and the University of Washington, and holds two US Patents for electronics inventions. Correction: Eraker founded Redfin. millions of dollars of equity,” according to the suit. According to the lawsuits, Eraker founded Redfin in 2002 and was later joined by Michael Dougherty and David Selinger. Some Wealthy Buyers Opting for Luxury Rentals Over Jumbo Loans, China Moves to Crack Down on Bitcoin as US Regulators Seek to Increase Oversight. This vacant land is a 0.34 acre lot. “It’s financially important because of our kids. They begin by explaining how Eraker founded Redfin in 2002, and was later joined by Michael Dougherty and David Selinger. Eraker’s suits are also not the first time Redfin has tangled, legally, with its founding members. Subscribe to GeekWire's free newsletters to catch every headline, Protecting the cloud: Amazon gains key certification from Department of Defense, Cloud Wars: Amazon cuts prices again, battling Google and Microsoft, Textio’s newest augmented writing tool helps guide brands to use inclusive language in more content, After pandemic speed bump, Airbnb cleaning startup Neu bounces back and raises $700K, Impinj beats Q3 expectations, but stock sinks 6%; revenue of $28.2M down 30% from last year, Cantwell report warns that Google and Facebook are killing local journalism as CEOs testify at Senate, Another Seattle-area resident charged for COVID-related relief fraud, Used car marketplace Shift expands into Seattle region with end-to-end digital services, Snoop Dogg can chill and play games as he unboxes world’s first Xbox Series X Fridge, Junior Geek of the Month: Inventor Maxwell Mamishev adds COVID safety device to resume, GeekWire Summit: T-Mobile CEO Mike Sievert to headline the final day of our signature event, Unboxing Microsoft’s new Xbox consoles: A low-key look for a heavyweight performance, Silicon Valley mainstay NEA leads $37.5M investment in Seattle cloud startup Pulumi, LeoStella takes on assembly role for NorthStar’s space traffic-monitoring satellites, Health experts weigh in on what we’ll have to do to get through a winter of COVID-19, Microsoft Teams hits 115M users, up 50% since April; Satya Nadella sees ‘platform effect’ emerging, Microsoft cruises past expectations for fiscal Q1, revenue up 12% to $37.2B, profits up 30%, Zillow cuts 80 Zillow Offers jobs, adjusting its approach in field offices as it eyes expansion, T-Mobile revamps TVision service with live sports and news for $40/month, unveils $50 HUB device, Microsoft earnings preview: All eyes on Azure growth as tech giant reports its fiscal first quarter, Amazon to add another 100k seasonal positions, preparing for holidays in midst of pandemic, UW researcher put tiny tracking technology on giant hornets to help state deal with murderous pest, Here’s how much Microsoft CEO Satya Nadella made in total compensation during fiscal year 2020, Look who’s Arrived: Tech vets launch Seattle real estate startup to crowdfund rental home investing, UW jumps to No.
Redfin was founded in 2004 by three musketeers – David Eraker (recently founded Surefield), Michael Dougherty (who later went to work for Zillow) and David Selinger in Seattle, Washington. Let us know.
According to Selinger, the biggest issue was that Redfin CEO Glenn Kelman did not just call him first but instead let him hear from the attorney first. It operates through Real Estate and Other segments. In 2005, Redfin was facing financial trouble under then CEO David Eraker. Relationship Science You need great capacity, SENIOR DATA SCIENTIST/ MACHINE LEARNING ENGINEER, Sign-up for a Free Product Tour of NetSuite. Chief Technology Officer at CondoCompare, Inc. Chief Executive Officer at Appliance Computing III, Inc. Former Director of Product Management at Redfin Corp. President, Chief Executive Officer & Director at Redfin Corp. Vice President of Marketing at Boy Scouts of America Seattle Council. Click edit to customize. © 2020 Relationship Science LLC. He moved to Seattle a year ago and has already built a tool to help local businesses battle Amazon, Former Zillow execs raise $40M seed round for Tomo Networks to reinvent how people buy homes, Like what you're reading? Michael has a background in engineering and previously served as Director of Operations at a small Seattle software firm. New York, NY 10001.
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