Jake Seid

Auction.com, President

Auction.com is the leading online real estate marketplace with over $25B in transactions.  The company is backed by Stone Point Capital and Google Capital.Jake oversees overall company operations at Auction.com and in 2014 was named to HousingWire's inaugural list of Rising Stars. Prior to joining Auction.com in 2011, Jake was a Managing Director at Lightspeed Venture Partners. While there, he was an active board member and investor in private growth companies in the U.S. and abroad. Jake also served on the firm’s Investment Committee.Prior to Lightspeed, he was an early employee in Cisco Systems’ Broadband Internet Cable Operator Business Unit. He participated in its growth from an annualized revenue run rate of $1 million to $1 billion and from 0% to over 90% market share.Jake earned both his M.Eng in Electrical Engineering and Computer Science and his B.S. in Electrical Engineering from MIT. At MIT he was awarded the Karl Taylor Compton Prize, the highest honor given to an MIT student. In 2009, he was honored by the World Economic Forum as one of its Young Global Leaders.Before entering the technology world, Jake grew up learning about real estate including construction, property management and transactions as part of his family’s business and was excited to combine his tech and real estate experience at Auction.com.