In the News
July 29, 2014 - Cincinnati Enquirer - Frameri, the local startup that allows customers to use the same set of eyeglass lenses in multiple frames, announced on Tuesday it has raised $750,000 and is moving into the Emanuel Community Center in Over-the-Rhine. The developments mark the continuation of a 9-month whirlwind for the startup following its graduation from The Brandery, the nationally recognized consumer marketing and branding accelerator, in October.
July 29, 2014 - Fox Business - Entrepreneurship is not exclusive to Silicon Valley, a point that serial investor Steve Case is working to drive home across the U.S. “Taking up the cause of America's entrepreneurs strikes many as banal and out-of-touch. I could not disagree more. Absent entrepreneurship, our economy will never come back and the most severe problems we face – disease, climate change, income inequality, the federal debt — will only grow worse,” Case wrote in a USA Today op ed.
August 10, 2014 - PandoDaily - Earlier this week, Airbnb founder Brian Chesky appeared on The Colbert Report to explain to Colbert precisely how Airbnb “is different from home prostitution.” But Chesky is far from the first tech founder or senior exec to guest on the Comedy Central show, and wasn’t even in the top ten best appearances. Here’s the complete, absolutely objective, ranking in reverse order…6) Steve Case (AOL)
August 8, 2014 - Chicago Tribune - Chicago's first venture capital summit has lined up three industry leaders — PayPal co-founder Peter Thiel, Cisco chief technology officer Padmasree Warrior and former AOL executive Ted Leonsis — as participants, the city's technology council, ChicagoNEXT, announced this week.
July 23, 2014 - USA Today - For as long as I have been involved with start-ups, it has been an article of faith among entrepreneurs and investors that Silicon Valley is where you go to start the next billion-dollar technology company. There is no contesting that when it comes to cultivating a successful entrepreneurial ecosystem, Silicon Valley is the pride of America and the envy of the world. But there is another side to this story, what I have routinely referred to as the "Rise of the Rest" — the belief that while Silicon Valley will remain dominant for the foreseeable future, new start-up ecosystems will emerge all across the country and the geography for high-growth entrepreneurship in America will itself be disrupted.
July 22, 2014 - Washington Business Journal - No surprises here: Steve Case and Ted Leonsis are the most influential D.C. tech investors on Twitter, according to social media Analytics firm StatSocial. StatSocial's annual top 1,000 ranking, localized here by Herndon-based mobile development shop 10Pearls, places Case's Twitter handle at No. 11, with more than 660,000 followers and a "pull" of 46 million. Pull, according to StatSocial, is a measurement of not just how many followers an account has, "but also how well-connected those followers are." Leonsis comes in a No. 79, with more than 37,600 followers and a pull of 7.1 million.
July 22, 2014 - InTheCapital - Airbnb will exclusively partner with D.C. venture capital backed startup Handybook, for its discounted cleaning services program. When we last reported on Handybook it had just closed a $30 million round of funding led by the D.C.-based Revolution Growth venture capital group. It's home repair and maintenance by app, basically an Uber for getting your home fixed, drew plenty of investors and interested partners, including Airbnb. Both Handybook and similar startup Homejoy participated in the Airbnb program, but now Airbnb has ended its deal with Homejoy, leaving Handybook the sole partner in its program.
July 22, 2014 - Forbes - Steve Case, former CEO of AOL AOL -1.3%, is looking for new startups to invest in but he’s not headed to Silicon Valley. This summer, he visited Cincinnati, Detroit, Pittsburgh, and Nashville on a bus tour aptly called “The Rise of the Rest.” What he found, he says, is a resurgence of American entrepreneurship and venture capitalists, who are glued to the Valley, should perk up. Opportunities abound in the heartland. Last week, I spoke with Case about what the Valley is missing out on and how entrepreneurship in America’s “other” cities is gaining traction.
July 16, 2014 - Forbes - Along with his team at Revolution, AOL founder Steve Case has been championing companies like these through his recent “Rise of the Rest” campaign. Mr. Case hasn’t just talked about the need to empower America’s entrepreneurs between the coasts; he’s lived it out and he’s led the way. He recently completed a 1,000-mile bus tour of Detroit, Nashville, Pittsburgh, and Cincinnati, where he invested $100,000 in the top startup in each community. We’re inspired by his example, and we’re hopeful that as government, business, and civic leaders outside of Silicon Valley build up their local entrepreneurial communities, something new is starting to happen. These leaders are beginning to shift their focus away from the high-tech pipe-dream of being the next Silicon Valley; instead, they’re supporting the American Dream, by bolstering entrepreneurs who are solving the problems that impact all of us.
July 10, 2014 - Washington Business Journal - When Internet technology met travel, their first date was in the air. Expedia, Priceline and others upset the airlines' apple cart with online ticket sales. Trains, hotels and rental cars quickly followed suit. Recently, Uber, Lyft and others have started disrupting the taxicab industry with technology. Now, high-tech is ready to revolutionize bus travel. Who better to do it than D.C.-based Revolution?
July 9, 2014 - WSJ.D - Busbud Inc. has raised $9 million in new venture funding to become the mobile app of choice for world travelers who need to find and book intercity trips by bus. Plenty of travel tech ventures have sprouted up over the years, but most have helped shoppers to find and buy higher-priced services like hotel rooms, plane tickets or rental cars, said Busbud co-founder and Chief Executive LP Maurice. Revolution Ventures and OMERS Ventures led the Series A investment in Busbud, joined by the company’s earlier, seed backers iNovia Capital and Real Ventures. Busbud raised $1.2 million in seed funding in May 2013.
July 9, 2014 - The Washington Post - District-based investment firm Revolution said Wednesday it is putting money behind an online portal where globe-trotters can peruse bus schedules and purchase bus tickets to cities such as Munich, Rio de Janeiro and San Francisco. The $9 million investment in Montreal-based Busbud was co-led by Revolution and the Ontario Municipal Employees Retirement System, a Canadian pension fund. Previous investors in the company contributed to the round as well.