Founder and Chairman, Quicken Loans and Rock Ventures
Majority Owner, 2016 NBA Champion Cleveland Cavaliers
Dan Gilbert is Founder and Chairman of Quicken Loans Inc., the nation’s second largest mortgage lender. He is also Founder and Chairman of Rock Ventures LLC, the umbrella entity for his portfolio of business and real estate investments, and majority owner of the 2016 NBA Champion Cleveland Cavaliers. Rock Ventures and its more than 100 affiliated companies across the country employ more than 30,000 team members.
Between 2013 and 2016, Detroit-based Quicken Loans closed more than $300 billion in home loan volume across all 50 states, and in 2016, for the seventh consecutive year, earned J.D. Power’s highest rating for client satisfaction among all U.S. mortgage lenders. Quicken Loans is No. 1 on Computerworld magazine’s “100 Best Places to Work in IT” and has been named one of FORTUNE Magazine’s “100 Best Companies to Work For” for 14 consecutive years.
Dan is also a shareholder in several sports-related consumer and technology businesses, including a leading wall graphics company (Fathead), electronic ticketing company (Flash Seats) and innovative sports equipment helmet maker (Xenith). In February 2016, Dan co-founded Detroit-based StockX, the world’s first ‘stock market of things.’ StockX develops, markets and operates an online and app-based live marketplace for the sale and distribution of high-demand consumer products, including sneakers, watches and handbags.
Dan began moving his Family of Companies to Detroit’s central business district in 2010 in an effort to help lead the transformation of a great American city. In January 2010, Dan co-founded Bedrock Detroit, a full-service real estate firm specializing in acquiring, leasing, financing, and managing commercial and residential space. Since then, Bedrock and its affiliates have invested more than $5.6 billion in acquiring and developing more than 100 commercial properties accounting for more than 16 million square feet in the city’s urban core. Thousands of jobs have been created, and today nearly 17,000 Rock Ventures team members work in downtown Detroit.
Dan also founded JACK Entertainment, a developer and owner of unique urban casinos in downtown Cleveland, Cincinnati and Baltimore. In 2013, the company also acquired Detroit’s Greektown Casino-Hotel, which will be renamed JACK Detroit Casino-Hotel in May 2018.
In March 2013, Rock Ventures, in collaboration with the Downtown Detroit Partnership and Detroit Economic Growth Corporation, unveiled and implemented a visionary placemaking and retail plan centered on creating activity and vibrant, distinct destinations to draw people to the region using a multifaceted approach to the planning, design and management of public spaces.
Dan is a Founder and Principal of Detroit Venture Partners (DVP), a venture capital firm that funds startup and early-stage technology companies in Detroit. He is also a Founding Partner of Detroit-based private equity group Rockbridge Growth Equity LLC, which invests in growing businesses in the financial services, Internet technology, consumer-direct marketing and the sports and entertainment industries across the United States.
In September 2013, Dan was named co-chair of the Blight Removal Task Force. The group, appointed by the Obama Administration, published a detailed plan in May 2014 to remove all blighted structures and lots in the city of Detroit. He also serves as Vice Chairman of the M-1 RAIL initiative. The 6.6-mile modern streetcar system, known as QLINE, is designed to spur economic development and improve downtown and midtown Detroit’s transportation infrastructure.
Dan serves on the boards of the Cleveland Clinic, the Washington D.C.-based Children’s National Medical Center and the Children’s Tumor Foundation, which is focused on finding a cure for the genetic disorder neurofibromatosis.
He earned his bachelor’s degree from Michigan State University and his law degree from Wayne State University.
Koby Altman was named General Manager of the Cleveland Cavaliers on Monday, July 24. The announcement was made by Cavaliers Chairman Dan Gilbert. Altman has been a member of the Cavs basketball front office for the past five years, most recently serving as Assistant General Manager, having been promoted to that position in September 2016. He has been an essential part of a front office that formulated a roster and coaching staff that have been to three straight NBA Finals, including winning the NBA Championship in 2016. Altman has also led the team’s front office over the last five weeks.
Altman has extensive experience with the USA Basketball program as well. In the summer of 2010, he served as the Team Manager for USA Basketball’s Under-17 team at the inaugural FIBA Under-17 World Championship in Hamburg, Germany. That 17-and-under squad won the first gold medal to ever be awarded for that age group and featured three players selected among the top 10 in the 2012 NBA Draft. In 2009, he assisted Team USA’s 19-and-under team in the FIBA Under-19 World Championship in Auckland, New Zealand. That squad also won the gold, its first in that age group since 1991.
Prior to joining the Cavaliers, Altman served as an assistant coach at The Ivy League’s Columbia University for two seasons, where he also led Columbia’s developmental basketball program. Altman spent the 2009-10 season at Southern Illinois as a graduate assistant after earning his master’s degree in sport management at the University of Massachusetts. While earning his graduate degree at UMASS, he coached at nearby Amherst College for two seasons and helped guide the team to a 48-11 record. Altman, a Brooklyn, New York native, played collegiately at Middlebury College, where he was a three-year starter at point guard.
Chief Executive Officer, Cavaliers/Quicken Loans Arena
Len Komoroski is Chief Executive Officer of the Cleveland Cavaliers and Quicken Loans Arena organization. The organization includes the Lake Erie Monsters (AHL), Cleveland Gladiators (AFL), and Canton Charge (NBADL). In addition, he plays a leadership role for business operations and business-related endeavors for Cavs majority owner Dan Gilbert’s family of sports and entertainment interests in Ohio. He is also a principal in Rock Gaming, which operates Horseshoe Casino Cleveland. Most recently, he played a significant leadership role in securing Cleveland as the host city for the 2016 Republican National Convention.
With more than 30 years of experience in pro sports and entertainment, Komoroski’s leadership has helped set a solid business foundation from which the Cleveland Cavaliers, Lake Erie Monsters, Cleveland Gladiators, Canton Charge and Quicken Loans Arena have flourished into one of the most successfully operated sports and entertainment organizations in the country.
Komoroski joined the Cavaliers organization in 2003 as president. In his first year he restructured and transformed how the Cavaliers approached the business community; assembled a team of top sports marketing pros; transformed the organization’s communications efforts; and oversaw the development of one of the most dynamic game experiences in the NBA. Other accomplishments at the helm of the Cavaliers business operations include playing pivotal roles in developing one of the top cable television relationships in the NBA with Fox Sports Ohio, as well as securing the entitlement of the Cavaliers new state-of-the-art player development center - Cleveland Clinic Courts.
The Cavaliers franchise has been repeatedly recognized within the pro sports team industry (NBA, NFL, NHL, MLB and MLS) as one of five finalists for Sports Business Journal’s prestigious “Sports Team of the Year” award in recent years. The award recognizes excellence, creativity and innovation in franchise business operations.
As one of the seven Principles of Rock Gaming, Komoroski played an instrumental role in bringing first-class, full-service casino gaming to downtown Cleveland and Cincinnati along with thousands of jobs and millions of dollars of positive economic impact for local and statewide communities.
Very active as a community and civic leader, he serves on the board of directors of the Greater Cleveland Partnership, the Downtown Cleveland Alliance, the Cleveland State University Foundation, and the Cleveland chapters of the American Red Cross and United Way. He is also Chairman of the Board for Destination Cleveland, Cleveland’s convention and visitor’s bureau. Komoroski was named Sales and Marketing Executives of Cleveland’s (SME) 2013 Business Executive of the Year, and in 2014 received the PRSA John Hill Award for outstanding understanding of and support for communications by an organization's president or chief executive officer.
Prior to joining the Cavaliers organization, Komoroski was the Senior Vice President and Chief of Business Operations with the NFL’s Philadelphia Eagles (1996-2003). There, he played a pivotal role in the Eagles’ growth and business success, which included bringing the Eagles Television Network in-house and helping to broker the record-setting, multi-million dollar naming rights deal for the Eagles training facility, the NovaCare Complex; development of Lincoln Financial Field, the Eagles state-of-the-art stadium and secured a 20-year, $140 million naming rights agreement with Lincoln Financial Group which, at the time, was one of the largest such agreements in pro sports history.
Prior to the Eagles, Komoroski was the Senior Vice President and COO of the International Hockey League’s (IHL) Cleveland Lumberjacks (1994-96). The team was one of three profitable IHL teams in 1996. His first stint in the NBA was with Minnesota Timberwolves as Vice President of Sales (1988-1994), there he played a major role in the start-up of the team and its arena, the Target Center.
Komoroski is a 1982 cum laude graduate of Duquesne University. He and his wife Denise have three daughters – Kristin, Kelly, Jamie and a son, Zachary.