Rock Financial

Dan Gilbert sold his mortgage company to Intuit, then bought it back

Sam recounts how Dan Gilbert started Rock Financial in 1985, took it public around $80M in revenue, sold it to Intuit for roughly $600M, then bought it back two years later and grew it into a giant that went public again as Rocket Mortgage.

“in like 1985, he started a mortgage business where they would originate loans for mortgages. And I don't know if that means they're the bank or if they're connecting you with the bank. It was called Rock Financial and he grew it. And I think in year 11 it went public with like $80 million in revenues, like a really good company.”