- Doug Croxall
- Chief Executive Officer and Chairman
- John Stetson
- Executive Vice President and Director
- Richard Raisig
- Chief Financial Officer
- Jim Crawford
- Chief Operating Officer
- Doug Bender
- SVP Engineering & IP Development
Based in Alexandria, VA, Marathon Patent Group is a patent acquisition and licensing company. We acquire patents from a wide range of patent holders from individual inventors to Fortune 500 companies. Our strategy of acquiring patents that cover a wide-range of subject matter allows us to achieve diversity within our patent asset portfolio. We generate revenue with our diversified portfolio through actively managed concurrent licensing campaigns. This approach is expected to result in a long-term, diversified revenue stream.
Chairman of the Board, Chief Executive Officer
Prior to joining MPG, Mr. Croxall was Chairman and CEO of LVL Patent Group, a privately owned patent holding company headquartered in Alexandria, Virginia. LVL, under Mr. Croxall’s direction, acquired and enforced two portfolios and subsequently sold its interest in those portfolios prior to Mr. Croxall’s appointment to the CEO position of MPG.
Prior to LVL, Mr. Croxall was the CEO and Chairman of Firepond (NASDAQ:FIRE) from 2003 – 2009. He acquired the public company in 2003 and took Firepond private in an all cash tender offer. While CEO of Firepond, he identified the value of Firepond’s patent portfolio and decided to sell the patents into a new private entity for enforcement. Mr. Croxall engaged IP Navigation Group and the Firepond patents generated approximately $90 million in licensing revenues from 2004 through 2009.
Previous employers were KPMG and Motorola. He has an MBA from Pepperdine University (1995) and a Bachelor of Arts in Political Science from Purdue University (1991).
Executive Vice President, Secretary, Director
Mr. John Stetson is Chief Financial Officer, Secretary, and a Director of Marathon Patent Group. He has been the Managing Member of HS Contrarian Investments LLC since 2011 and the President of Stetson Capital Investments, Inc. since 2010. Mr. Stetson was an Investment Analyst from 2008 to 2009 for Heritage Investment Group and worked in the division of Corporate Finance of Toll Brothers from 2007 to 2008.
Chief Financial Officer
Mr. Raisig has served as CFO of the company since December 2013. He brings more than 15 years of CFO experience to the position, including work with both public and private technology companies. His public company experience includes 10 years as CFO of Microvision, Inc., a leader in the emerging technology of scanned beam displays for microdisplay applications. At Microvision, Mr. Raisig successfully developed and managed the finance and administrative functions of the company for both performance and growth in a start-up public company environment. His private company experience includes work with Connexed Technologies, Inc., a start-up company developing and marketing offsite storage and access services for surveillance video in a hosted environment, and CFO tenure with Aurora Systems, Inc., a private venture backed fabless semiconductor company also in the microdisplay space. In addition, Mr. Raisig has experience as an investment banker with Dean Witter Reynolds and in public accounting with Price Waterhouse. Mr. Raisig has a BA in Economics from the University of California, Irvine and an MBA from the University of Southern California.
Chief Operating Officer
Mr. Crawford has over twelve years experience in the technology and business sector with expertise in a wide range of disciplines including new media, mobile marketing, intellectual property, security, and compliance. From April 2007 Through February 2013 Mr. Crawford served as Chief Information Officer at Augme Technologies. Mr. Crawford served on the Board of Directors of Augme Technologies through August 2011. From 2010 through January 2013 Mr. Crawford worked extensively in the Intellectual Property division to effectuate monetization through licensing, and enforcement, as well as assisting in reducing to practice the companies innovations, and positioning the patent portfolio as a competitive differentiator. He was part of the team responsible for creating and implementing the companies patent creation process, and is a named inventor on several Internet Technology patents pending with the United States Patent & Trademark Office.
SVP Engineering & IP Development
Mr. Bender was appointed Senior Vice President – Engineering & IP Development of Marathon Patent Group in March 2013. Mr. Bender has lead responsibility for managing and directing the Company’s IP Portfolio, which includes the development of intellectual property disclosures, portfolio tracking through the USPTO and International IP bodies as well as management of the company’s outside IP firm relationships. In addition, Mr. Bender manages the IP development processes from initial disclosure, working with in-house technical staff, directing the company’s domestic and foreign IP law firms, and tracking & managing the process through the USPTO and Foreign IP organizations. Responsibilities include both US and International bodies and territories. Prior to Marathon Patent Group, Mr. Bender served as Senior Vice President – Engineering & IP Development at Augme Technologies where he per formed a similar role with commensurate responsibilities. Additionally, while at Augme Technologies Mr. Bender authored and co-authored in excess of sixty patents.
Mr. Bender also served as Senior Vice President of Engineering for Geos Communication (formerly i2Telecom International) where he was responsible for engineering & development, technology assessment, IP portfolio management, partnering, and deployment for all mobile applications. In addition, Mr. Bender had lead responsibility for the Company’s Intellectual Property program including patents, copyrights, and trademarks. Mr. Bender has authored in excess of 75 patents in the area of Communications, IP Telephony, and Mobile Advertising and continues to maintain an aggressive on-going patent protection process for his company as well as the successful monetization of company IP assets. Mr. Bender has more than 25 years of engineering, executive management and business development experience in the mobile applications, telecommunications, and IT industries where he launched several commercial products which received industry recognition as Products of the Year, Service Provider of the Year, etc.. In previous roles Mr. Bender was one of the co-founders of RealVue Simulation Technologies, where he led the company’s efforts in the Business Development area and signed the company’s first major clients, Motorola and Dell Computer.
Mr. Bender also co-founded and developed the initial concepts for a software start-up venture that, after being introduced to the MILCOM Technologies organization, was then integrated into what became known as SoftMountain. Prior to this, Mr. Bender was VP of Engineering and Operations for Western Development Laboratories headquartered in Silicon Valley, which was acquired by the Lockheed Martin Corporation. Mr Bender received his BS Computer Science from California Polytechnic University – San Luis Obispo and completed the Executive Management program at UCLA’s Anderson Graduate School of Business.