In the News
The Huffington Post - November 6, 2013 - A large number of major universities are creating tens of thousands of bright undergraduate and graduate students. The Washington, D.C. area now has four of the five richest counties in the nation, according to a recent article in the Huffington Post, and is home to venture capitalists such as former AOL execs Steve Case and Ted Leonsis (their Revolution venture fund helped LivingSocial and ZipCar get their starts).
Washington Business Journal - November 6, 2013 - Steve Case joined more than three dozen tech investors on Wednesday to call on Congress to pass a set of reforms aimed at stifling patent trolls. In a letter dated Nov. 6, Case, founder of District-based Revolution LLC and former chief executive of AOL, and 38 others urged lawmakers to pass "comprehensive legislation to address the troubling growth and success of the patent troll business model."
FOX Small Business Center - November 5, 2013 - On Monday, The Wall Street Journal named Rebellion Photonics the “Startup of the Year,” capping off a five-month-long documentary project for WSJ Live, the newspaper’s digital video site. Twenty-four startups participated in the “Startup of the Year” project , which matched up the early-stage entrepreneurs with well-established mentors like Steve Case, Tory Burch, Carly Fiorina and Richard Branson. All of the participating companies were required to be U.S.-based with less than $10 million in annual revenue.
MIT Technology Review, November 4, 2013 - One emerging technology is indoor mapping, which enables retailers to capture customers’ cell-phone location while they’re browsing. With Wi-Fi sensors and even video surveillance, chains may be able to do the same kind of behavioral advertising that’s possible on the Web. Imagine them, for instance, sending a timely coupon to that shopper circling the outdoor grills in Aisle 6. “Retail has become a blur. And the blurring is 100 percent driven by technology,” says Tige Savage, a partner at AOL founder Steve Case’s investment company, Revolution, which is investing in new online retail startups. “Are you at the store? Or is the store at you? And then there’s mobile, the store is in your pocket. The game is to satisfy demand wherever and whenever it is.”
Harvard Business Review - October 29, 2013 - This is no idle question. Steve Case, for one, argues that it’s possible to build world-class tech companies outside the Valley. In a recent post on HBR.org, Maxwell Wessel draws on data to argue that companies raise money more quickly, have better prospects to be acquired, and face better long-term survival rates if they locate in Northern California.
PBS News Hour - October 27, 2013 - A report on new potential uses of 'crowdfunding' - raising a large pool of money from many small contributions online. Thanks to the bipartisan JOBS Act entrepreneurs will soon be able to use this method. Supporters think the it could be a key to spurring economic growth and job creation. But is it a good idea for investors?
Washington Business Journal - October 28, 2013 - Steve Case Chairman and CEO, Revolution LLC Even as AOL’s importance to the region’s startup scene wanes, founder Steve Case has actually grown more influential to D.C. tech. Case is one of those rare tech boosters who has the capital to actually fund the entrepreneurs he so frequently praises. He is a driving force behind the Revolution Growth fund — which he launched with Ted Leonsis and Donn Davis in 2011, responsible for some of the larger funding rounds of recent quarters, including a recent $23.5 million investment (along with Grotech Ventures) in Lanham-based retail software startup Optoro Inc. The smaller Revolution Ventures, meanwhile, recently closed on a $200 million fund. He also chairs the Case Foundation and President Obama’s Startup America Partnership, and he sits on the President’s Council on Jobs and Competitiveness. And this year, BusinessWeek turned the page on the botched AOL-Time Warner merger with an August cover story on Case, headlined “Steve Case’s Second Life.” Ted Leonsis Chairman and CEO, Monumental Sports & Entertainment Ted Leonsis’ name is as familiar today as the ventures he partly owns:...
Washington Business Journal - October 24, 2013 - The Securities and Exchange Commissionrolled out a proposal on Wednesday that would set up a framework for the long-delayed equity crowdfunding provisions of the JOBS Act.Revolution LLC founder and former AOL chief Steve Case — one of the country's most high profile proponents of crowdfunding and the JOBS Act — reacted with optimism, though tempered by a few reservations. Here's his statement, also available on his firm's website:
The Hill - October 21, 2013 - AOL Founder Steve Case is confident Congress will return to work on immigrationlegislation soon. "Ithink it's going to be back on the table starting in the next couple weeks," Case said in an interview with Bloomberg Monday, explaining that he has had discussions with leaders of both parties. He acknowledged that the issue has been overshadowed — first by Syria, then the budget battle — but he said "there really is broad bipartisan support" for immigration legislation.
PBS - October 23, 2013 - "I think it's going to unleash another wave of entrepreneurship all across the nation," said Steve Case, co-founder of AOL, in an interview for a segment on crowdfunding airing Sunday on PBS NewsHour Weekend. "We need to really make sure we're doubling down on our nation's entrepreneurs, and the JOBS Act will help do that by providing more entrepreneurs in more places in more sectors of our economy the ability to raise the capital either to get started or to grow their company."
Washington Business Journal - October 18, 2013 - Venture-backed companies in the D.C. region raised a post-recession record $445.7 million last quarter, according to data released Friday morning by PricewaterhouseCoopers and the National Venture Capital Association. Steve Case's prediction of a $1.1 billion year has now been fulfilled with about 10 weeks to spare. And the cash continues to flow, with $76 million in local venture investment announced over two days this week. It seems like great news, but things that seem like great news can also make people uneasy. The community can remember the last two times things were looking this good, and in each case, folks lost quite a bit of money not long after.
Marketing - October 18, 2013 - Former CEO and Chairman of AOL Steve Case always believed the world would one day get online. But he wasn’t sure he would live to see it. Fortunately, he did and Case told this anecdote at the inaugural SXSW V2V conference in Las Vegas in August. Case, who is now 55 years old, said that in 25 years from now almost none of the big companies of today would still be around.