Steve Case is one of America’s best-known and most accomplished entrepreneurs and philanthropists, and a pioneer in making the Internet part of everyday life.
Steve co-founded America Online (AOL) in 1985, when the Internet was in its infancy. Under Steve’s leadership, AOL became the world’s largest and most valuable Internet company, and helped drive the worldwide adoption of a medium that has transformed business and society. AOL’s early focus on ease of use and social media set the stage for its rapid growth, and at its peak nearly half of Internet users in the United States used AOL. In 1992, AOL became the first Internet company to go public, and was the best performing stock of the 1990s, with a 11,616% return. Steve then negotiated what remains the largest merger in business history, bringing together AOL and Time Warner in a transaction that gave AOL shareholders a majority stake in the combined company. To facilitate the merger, Steve agreed to step down as CEO when the merger closed.
Steve then went back to his entrepreneurial roots and founded Revolution LLC, an investment firm that has backed more than two dozen companies, including [LivingSocial], [Zipcar], [AddThis], [Everyday Health] and [FedBid].
Steve is also Chairman of the [Case Foundation], which he established with his wife Jean. The Case Foundation has invested in hundreds of organizations, initiatives and partnerships over the past 15 years. Steve and Jean joined The Giving Pledge, started by Bill Gates and Warren Buffett, and publicly reaffirmed their commitment to give away the majority of their wealth.
Steve was born and raised in Hawaii and retains active ties to his home state, but has lived in the Washington D.C. area for more than 25 years. He was a leading voice in shaping government policy regarding the Internet, and more recently, has been actively involved in a variety of efforts to promote entrepreneurship. Steve is Chairman of the Startup America Partnership, co-chair of the National Advisory Council on Innovation and Entrepreneurship, and was a member of President Obama’s Council on Jobs and Competitiveness, where he chaired efforts related to entrepreneurship.
|Revolution Money||4/09||Series C||$42M||7|