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Steve Case

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.

Recent Milestones

Investments

Company Date Round Size Participants
SocialRadar 6/13Series A$12.8M6
Lolly Wolly Doodle 6/13Series A$20M5
AddThis 5/11Series D$20M8
Open Places 6/10Seed$1.1M7
UberMedia 4/10Series A$3.5M8
Revolution Money 4/09Series C$42M7
LivingSocial 7/08Series A$5M3
Seesmic 11/07Series A$6M13
AllofMe 11/07Seed3
Brenco 3/07Venture Round$200M3
AddThis 2/07Series B$5.5M6
ePals 12/06Angel3

Videos

Sources

  1. Blackboard Co-Founder Michael Chasen Raises $12.75M Series A For SocialRadar, A New Take On Location-Based People Discovery Apps (techcrunch.com) [edit]
  2. Steve Case’s Revolution Growth Leads $20M Investment in Lolly Wolly Doodle (blogs.wsj.com) [edit]
  3. AddThis Indeed: Clearspring Raises $20 Million As It Rides Social Sharing Boom (techcrunch.com) [edit]
  4. Trazzler Gets $1 Million From Star Investors, Takes a Page From Twitter’s Playbook [Video] (techcrunch.com) [edit]
  5. techcrunch.com [edit]
  6. WSJ (blogs.wsj.com) [edit]
  7. TechCrunch (techcrunch.com) [edit]
  8. Loic Le Meur's Blog (loiclemeur.com) []
  9. Yossi Vardi invests in allofme (messenger-news.com) [edit]
  10. Brenco, sugar ethanol company, raises $200M (deals.venturebeat.com) [edit]
  11. Widget company, Clearspring, says it leads market, and raises $5.5M (venturebeat.com) [edit]
  12. NYTimes (nytimes.com) [edit]
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Last Edited 6/19/13

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