Internet REIT: Difference between revisions
Applied modification ruleset: Automated workflow |
Applied modification ruleset: Corrections using AWB-ICW patterns |
||
| Line 20: | Line 20: | ||
==Foundation and Funding== | ==Foundation and Funding== | ||
[[Bob Martin]] and [[Marc Ostrofsky]] co-founded Internet REIT in 2004 to acquire prime Internet domain names | [[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> | ||
| Line 33: | Line 33: | ||
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> | ||