Internet REIT: Difference between revisions
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{{ | {{Organization| | ||
| | |city = Houston | ||
| | |country = USA | ||
| | |date_founded = 2004 | ||
| | |facebook = | ||
| founders | |focus = Internet | ||
| | |founders = [[Bob Martin]] & [[Marc Ostrofsky]] | ||
| | |linkedin = [http://www.linkedin.com/company/internet-reit Internet REIT] | ||
|logo = Internet_Reit.JPG | |||
| | |organization_type = Privately held | ||
| | |ownership = | ||
| | |subsidiaries = | ||
|website = http://internetreit.com/index.php | |||
|x = | |||
| website | |||
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}} | }} | ||
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==Foundation and Funding== | ==Foundation and Funding== | ||
[[Bob Martin]] and [[Marc Ostrofsky]] co-founded Internet REIT in 2004 to acquire prime | [[Bob Martin]] and [[Marc Ostrofsky]] co-founded Internet REIT in 2004 to acquire prime Internet domain names and web properties for sale to advertisers.<ref>[http://www.bizjournals.com/houston/stories/2006/10/02/daily41.html bizjournals.com]</ref> The company received its initial outside financing from Jacobson Family Investments Inc. in 2005<ref>[http://www.bizjournals.com/houston/stories/2006/05/22/story1.html REIT nets big names]</ref> | ||
In 2006, Internet REIT received $20 million investment from Maveron LLC, a Seattle venture capital firm chaired by Howard Schultz; Perot Investments Inc., a Dallas investment company owned by Ross Perot; and Breco Holdings Inc., a company owned by Alfredo Brener.<ref>[http://www.bizjournals.com/houston/stories/2006/05/22/story1.html REIT nets big names]</ref> | In 2006, Internet REIT received $20 million investment from Maveron LLC, a Seattle venture capital firm chaired by Howard Schultz; Perot Investments Inc., a Dallas investment company owned by Ross Perot; and Breco Holdings Inc., a company owned by Alfredo Brener.<ref>[http://www.bizjournals.com/houston/stories/2006/05/22/story1.html REIT nets big names]</ref> | ||
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iREIT owns 30 misspelled names of [[Google]] and its product names <ref>[http://kesmodel.wordpress.com/2007/02/17/ireit-owns-typo-domain-names-related-to-google/ iREIT Owns “Typo” Domain Names]</ref> as well as typo-error [[Verizon]] domain names. | iREIT owns 30 misspelled names of [[Google]] and its product names <ref>[http://kesmodel.wordpress.com/2007/02/17/ireit-owns-typo-domain-names-related-to-google/ iREIT Owns “Typo” Domain Names]</ref> as well as typo-error [[Verizon]] domain names. | ||
Early in 2007, [[Verizon Wireless]] filed a [[cybersquatting]] | Early in 2007, [[Verizon Wireless]] filed a [[cybersquatting]] lawsuit against Internet REIT alleging that the company has profited from its more than 90 domain names with typographical errors of Verizon Wireless trademarks; in addition, Verizon asked for $ 100,000 statutory damages per domain name.<ref>[http://www.bizjournals.com/houston/stories/2007/04/23/story4.html Cybersquatting law suit]</ref> | ||
The legal battle between Verizon and iREIT was amicably resolved on December, 2007. FoxBusiness.com reported that part of the settlement between the parties included monetary payment to Verizon and a permanent injunction issued to iREIT prohibiting the company from registering, trafficking in or using as a registrant any domain name that is identical or confusingly similar to the Verizon trademarks. Other details were confidential.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref> | The legal battle between Verizon and iREIT was amicably resolved on December, 2007. FoxBusiness.com reported that part of the settlement between the parties included monetary payment to Verizon and a permanent injunction issued to iREIT prohibiting the company from registering, trafficking in or using as a registrant any domain name that is identical or confusingly similar to the Verizon trademarks. Other details were confidential.<ref>[http://www.domainnamenews.com/legal-issues/ireit-and-verizon-settle-legal-dispute/1350 Domain Name News]</ref> | ||
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==Partnership== | ==Partnership== | ||
In 2007, iREIT developed a strategic partnership with [[DNforum.com]], the largest professional | In 2007, iREIT developed a strategic partnership with [[DNforum.com]], the largest professional Internet domain discussion forum with more than 30,000 registered members. The company will provide an increased functionality and features to DNforum's members which would help iREIT build relationship with [[domainer]]s.<ref>[http://www.dnforum.com/f72/press-release-internet-reit-forms-strategic-partnership-dnforum-com-thread-173535.html dnforum.com]</ref> | ||
==ICANN and Internet REIT== | ==ICANN and Internet REIT== | ||
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{{reflist}} | {{reflist}} | ||
[[Category:Domainers]] | |||
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