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Wikipedia

Steve Case

Not to be confused with Stevie Case.

Stephen McConnell Case (born August 21, 1958) is an American entrepreneur, investor, and businessman best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president and became CEO of the company (renamed AOL) in 1991. Since his retirement as chairman of AOL Time Warner in 2003, he has gone on to invest in seed, early and growth-stage startups through his Washington, D.C. based venture capital firm Revolution LLC. Revolution has invested in growth stage companies such as CLEAR, DraftKings, Sweetgreen, Tala, Cava, Tempus and Sportradar; early stage companies such as PolicyGenius, HomeSnap and Framebridge, and seed companies such as StockX, AppHarvest, Backlot Cars, and 120 Water. Revolution focuses on finding companies based outside of Silicon Valley that can benefit from its deep understanding of policy and partnership building. The firm's Rise of the Rest Seed Funds, which grew out of its Rise of the Rest Road Trips, are baked by well-known entrepreneurs and investors such as Jeff Bezos, Eric Schmidt, Ray Dalio, Sara Blakely, Shelia Johnson and others. Case authored The Third Wave: An Entrepreneur's Vision of the Future which became a New York Times bestselling book in 2016. Case gave a fireside chat at TechCrunch Disrupt NYC, on May 16, 2017, titled "Building Silicon Valley Outside of the Valley."

Steve Case
Case in 2013
Born
Stephen McConnell Case

(1958-08-21)August 21, 1958 (age 63)
Alma materWilliams College
Political partyIndependent
Spouse(s)
Joanne Barker
(m. 1985; div. 1996)​

(m. 1998)​
Children5

Case supports inclusive entrepreneurship and innovation through the Rise of the Rest road trips and the Case Foundation. He has become a sought-after voice on the importance of investing outside of the coastal tech hubs for continued national economic growth and vitality. Working with policymakers from both sides of the aisle, [https://www.washingtonpost.com/opinions/2020/07/19/theres-no-going-back-pre-pandemic-economy-congress-should-respond-accordingly/ Case advocates for policies that support and strengthen entrepreneurship and startups, citing that high growth startups create new jobs.] Case served as a Presidential Ambassador for Global Entrepreneurship (PAGE) and was a member of Barack Obama's Council on Jobs and Competitiveness. He also served on the National Advisory Council on Innovation and Entrepreneurship (NACIE). Case was chairman of UP Global, a non-profit organization focused on fostering strong entrepreneurial communities, recently acquired by Techstars.

Contents

Steve Case was born and grew up in Honolulu, Hawaii, the son of Carol and Daniel Case. He graduated from the private Punahou School (Class of 1976) and attended Central Union Church.

Case graduated from Williams College in Williamstown, Massachusetts in 1980 with a degree in political science. For the next two years he worked as an assistant brand manager at Procter & Gamble in Cincinnati, Ohio. In 1982 he joined Pizza Hut Inc. in Wichita, Kansas, serving as manager of new pizza marketing.

In January 1983, his older brother Dan, an investment banker, introduced him to Bill von Meister, CEO of Control Video Corporation. The company was marketing a service called GameLine for the Atari 2600 video game console that allowed users to download games via a phone line and modem. After that meeting, von Meister hired Case as a marketing consultant. Later that year, the company nearly went bankrupt and one of its investors, Frank Caufield, brought in his friend Jim Kimsey as a manufacturing consultant. Case later joined the company as a full-time marketing employee.

In 1985 Quantum Computer Services, an online services company, was founded by Jim Kimsey from the remnants of Control Video. Kimsey became CEO of the newly renamed Quantum Computer Services and hired Case as vice president of marketing. In 1987 he promoted him again to executive vice president. Kimsey groomed Case to become chairman and CEO when Kimsey retired, and the transition formally took place in 1991 (CEO) and 1995 (chairman).

As part of the changes that gave birth to Quantum, Case changed the company's strategy, creating an online service called Quantum Link (Q-Link for short) for the Commodore 64 in 1985 with programmer (and AOL co-founder) Marc Seriff. In 1988, Quantum began offering the AppleLink online service for Apple and PC Link for IBM compatible computers. In 1991 he changed the company name to America Online and merged the Apple and PC services under the AOL name; the new service reached 1 million subscribers by 1994, and Q-Link was terminated October 21 of that year.

AOL pioneered the concept of social media, as its focus from day one was on communication features such as chatrooms, instant messaging and forums. Case believed that the "killer app" was community — people interacting with each other — and that was the driver of much of AOL's early success. By contrast, competitive services of the time such as Prodigy funded by IBM and Sears, focused on shopping, and CompuServe focused on being an information utility. AOL's strategy was to make online services available and accessible to the mass market by making them affordable, easy to use, useful and fun. At a time when competing services like CompuServe were charging for each minute of access (which varied based on modem speeds and added extra charges for premium services), AOL priced its service at $19.95 per month for unlimited use of basic tier services beginning in 1996. Within three years, AOL's userbase grew to 10 million, ultimately reaching 26.7 million users at its peak in 2002.

Among many initiatives in the early years of AOL, Case personally championed many innovative online interactive titles and games, including graphical chat environments Habitat (1986) and Club Caribe (1989), the first online interactive fiction series QuantumLink Serial by Tracy Reed (1988), Quantum Space, the first fully automated Play by email game (1989), and the original Dungeons & Dragons title Neverwinter Nights, the first Massively Multiplayer Online Role Playing Game (MMORPG) to depict the adventure with graphics instead of text (1991).

After a decade of quick growth, AOL merged with media giant Time Warner in 2001, creating one of the world's largest media, entertainment and communications companies. The $164 billion acquisition was completed in January 2001 but quickly ran into trouble as part of the dot-com recession, compounded by accounting scandals. Case announced his resignation as chairman in January 2003, although he remained on the company's board of directors for almost three more years.

The failure of the AOL-Time Warner merger is the subject of a book by Nina Munk entitled Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner (2005). A photo of Case and Time Warner's Jerry Levin embracing at the announcement of the merger appears on the cover.

In 2005, Case wrote in The Washington Post that "It's now my view that it would be best to 'undo' the merger by splitting Time Warner into several independent companies and allowing AOL to set off on its own path."

Laura Bush announces a $60 million partnership between the U.S. Government and the Case Foundation at the Clinton Global Initiative conference in New York on September 20, 2006. With her, from left, are: Raymond Chambers, Chairman, MCJ and Amelier Foundations; former President Bill Clinton; and Jean Case and Steve Case.

Case resigned from the Time-Warner board of directors in October 2005, to spend more time working on Revolution LLC, a D.C.-based investment firm he founded in April 2005. Revolution and its related funds have invested in more than 200 companies. Revolution has committed to investing a majority of its capital outside Silicon Valley

He is also chairman of the Case Foundation, which he and his wife Jean Case created in 1997. In 2011, Steve and Jean Case, were honored as Citizens of the Year by the National Conference on Citizenship and interviewed by Stephanie Strom of The New York Times about their record of service and philanthropic endeavors.

In 1999, Case received the Golden Plate Award of the American Academy of Achievement. His award was presented by Awards Council member Jim Kimsey. Case was inducted into the Junior Achievement U.S. Business Hall of Fame in 2009. In 2011, he was appointed as a Citizen Regent of the Smithsonian Institution, and became Chair of the Regents in 2020. Case was a co-chair of the Democracy Project at the Bipartisan Policy Center. In May 2014, Case received an Honorary Doctorate of Humane Letters from Georgetown University.

Following his departure from AOL, Case founded Revolution LLC in 2005. Early investments include Revolution Money, HelloWallet, AddThis, Zipcar, Living Social, and luxury travel club Exclusive Resorts. These last three were considered early bets on the new Web economy, and were early examples of what is now referred to as the 'sharing economy.' Zipcar went public in April 2011, earning a market valuation of more than $1 billion before being acquired by Avis Budget Group in January 2013.

Other exits include the purchase of Revolution Money by American Express in 2009 for $300 million, and on May 29, 2014 MorningStar announced plans to acquire HelloWallet for an undisclosed amount.

In 2011, Case, along with Ted Leonsis, launched the $450 million Revolution Growth fund. The fund's investments to date include Bigcommerce, CustomInk, Echo360, FedBid, Handy, Lolly Wolly Doodle, Optoro, Orchard, Resonate, Revolution Foods, Sweetgreen, Sparefoot, Bedrock Manufacturing, LDiscovery, Interactions, Cava, DraftKings, Sportradar, Tala, Tempus, TalkSpace and Uptake. In 2013, he launched the Revolution Ventures fund with Tige Savage and David Golden. Revolution Ventures has invested in BenchPrep, Booker, Busbud, Framebridge, Homesnap, Insikt, OrderUp, RunKeeper, MemberSuite, PolicyGenius, Paro, Bloomscape and Bright Cellars. In 2017, Case launched the Rise of the Rest Seed Fund, investing in companies outside of San Francisco, New York and Boston. The fund has invested in companies across 78 cities and 35 states. Case has also invested directly in other companies, such as Kenyan solar provider M-kopa.

Case controls tens of thousands of acres of land in Hawaii, including a controlling interest in Maui Land & Pineapple Company, and Grove Farm, obtained in a highly controversial transaction which led to years of litigation by the farm's previous owners.

Case wrote The Third Wave: An Entrepreneur's Vision of the Future in 2016. In the book, he argues innovations in technology will transform the Internet of Things to the Internet of Everything, change the way society thinks about work and challenging the biggest industries in the world.

He calls the new era the "Third Wave" of the internet. The "first wave" saw AOL and other companies lay the foundation for consumers to connect to the internet. The "second wave" saw companies like Google and Facebook build on top of the internet to create search and social networking capabilities, while apps like Instagram leveraged the smartphone revolution. Case says we're entering the "Third Wave," a period when entrepreneurs will leverage technologies to finally disrupt "real world" sectors like health, education, transportation, and energy - and in the process change the way people live their daily lives. Entrepreneurs, large corporations and governments will need to have a new mindset and skills in order to be successful in this new era.

In the "Third Wave," Case also predicts the rise of startup ecosystems outside of California, New York and Boston. What he calls The Rise of the Rest. A confluence of the industry expertise in these regions, technological innovations and public policy changes makes it easier to start and scale a business anywhere.

Case is an avid advocate for comprehensive immigration reform, arguing that easing restraints on immigration is necessary for America's future entrepreneurial economy. He particularly emphasizes the impact that reform would have on recent engineering graduates and the tech sector.

Case contends that making it easier for foreign students educated in America to stay post graduation is vital to winning the war for talent, given the sheer high demand for engineers and entrepreneurs and current visa rules preventing tech companies from hiring the best foreign talent. He argues not only for reforming the H-1B visa program, but also implementing a Startup Visa program that welcomes immigrant entrepreneurs with proven ideas to launch their startups in the United States. Case traditionally has avoided politics, quietly building nonpartisan relationships with both Democrats and Republicans.

Fueled by concern that Donald Trump's restrictive immigration policies would result in loss of jobs as many Fortune 500 companies were founded by immigrants or their children he made an exception to remaining nonpartisan by endorsing Hillary Clinton for the 2016 presidency.

His father, Daniel H. Case, is the founding partner of the Hawaiian law firm of Case Lombardi & Pettit. His mother Carol was an elementary school teacher. His parents had three other children: Carin, Dan and Jeff. His brother Dan died from brain cancer at the age of 44 in June 2002.

Case is a cousin of Ed Case, who served as a Hawaii congressman from 2002 through 2007 and since 2019.

In 1985, Case married Joanne Barker whom he had met while attending Williams College. The couple had three children and divorced in 1996. Two years later, in 1998, he married former AOL executive Jean Villanueva in a ceremony officiated by the Rev. Billy Graham.

Case donated $10 million to Punahou School to build a junior high school named after his parents. He is Christian.

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  3. "New York Times Bestsellers - Business Books - May 2016". The New York Times. Retrieved25 October 2016.
  4. "BUILDING SILICON VALLEY OUTSIDE OF THE VALLEY AT TECHCRUNCH - May 2017". Startup Grind. Startup Grind. Retrieved17 May 2017.
  5. "ABQ FIRM THAT LANDED STEVE CASE FUNDING AMONG THOSE TAPPED FOR HIGH-ALTITUDE COMPETITION- February 2017". Startup Grind. Startup Grind. Retrieved13 February 2017.
  6. Jared A. Favole (February 22, 2011). "Obama Taps AOL's Case for Jobs Council". The Wall Street Journal. RetrievedJune 13, 2011.
  7. Lunden, Ingrid (16 June 2015). "Techstars Buys UP Global, The Non-Profit Behind Startup Weekend". TechCrunch. Retrieved25 October 2016.
  8. Bob Van Voris, Bloomberg News (2006-08-01). "Steve Case immerses himself in life after AOL". Honolulu Star-Bulletin.
  9. Michael Tsai (2016-07-01). "Noted attorney Daniel Case dies". Honolulu Star-Adviser.
  10. Ashby, Ruth (2002). "Page 17". Steve Case: America Online Pioneer. Brookfield, Conn.: Twenty-First Century Books. ISBN 0-7613-2655-3. His brother Dan introduced him to ... Bill Von Meister
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  15. Tedeschi, Bob (14 September 2004). "AOL store tempts comparison shoppers". The New York Times. Retrieved6 January 2018.
  16. "AOL Time Warner: Timeline of the merger". 2001-01-12. Retrieved2020-11-21.
  17. "Steve Case's Last Stand". RetrievedJune 14, 2011.
  18. "AOL founder calls for breakup of Time Warner". Bloomberg via Seattle Post-Intelligencer. December 13, 2005. Retrieved2007-12-01.
  19. "Steve Case's Fund Will Invest $200 Million On Startups Outside Of Silicon Valley". RetrievedSeptember 3, 2013.
  20. "Jean and Steve Case recognized at Citizens of the Year at the Civic Innovators Forum". Archived from the original on 2021-12-12. RetrievedSeptember 22, 2011.
  21. "Golden Plate Awardees of the American Academy of Achievement". www.achievement.org. American Academy of Achievement.
  22. "About Smithsonian: Regent Members". Smithsonian Institution. Archived from the original on April 29, 2011. RetrievedMay 14, 2011.
  23. "Governance - Bipartisan Policy Center". Archived from the original on 2011-06-10.
  24. "Georgetown Announces Speakers for 2014 Commencement". Georgetown University. May 1, 2014. Archived from the original on May 2, 2014. RetrievedMay 1, 2014.
  25. "How Steve Case and His Company Are Driving the Sharing Economy". Business Insider. November 9, 2011.
  26. "Zipcar Timeline: From Business Idea to IPO to $500 Million Buyout". Entrepreneur. RetrievedJanuary 2, 2013.
  27. "HelloWallet Acquired by Morningstar". RetrievedMay 29, 2014.
  28. "Revolution Growth | Revolution". revolution.com. Retrieved2015-05-15.
  29. Aglionby, John (17 March 2016). "Lightbulb moment for M-Kopa". Financial Times.
  30. Ilima Loomis (August 5, 2010). "Steve Case's ownership in ML&P now at 62.8 percent". The Maui News. RetrievedNovember 15, 2010.
  31. Stewart Yerton (April 23, 2006). "Grove Farm - a house divided: Litigation that divides family stems from sale clouded in suspicions". Honolulu Star-Bulletin. RetrievedNovember 15, 2010.
  32. Primack, Dan (October 12, 2013). "Steve Case: Still 'optimistic' on immigration reform". Fortune. RetrievedNovember 20, 2016.
  33. Summers, Nick (August 26, 2013). "Steve Case's Second Life". Bloomberg Businessweek (4343): 52–57. RetrievedNovember 20, 2016.
  34. Savitz, Eric (13 September 2012). "Q&A: Steve Case On Startups, Living Social, Zipcar And More". Fortune. EBSCOhost. Retrieved20 November 2016.
  35. Case, Steve (3 August 2016). "Immigration must be considered an opportunity for America, not a problem". Recode. Vox Media, Inc. Retrieved20 November 2016.
  36. Case, Steve (September 28, 2016). "Steve Case: Why I'm voting for Hillary Clinton". The Washington Post. RetrievedNovember 20, 2016.
  37. Addady, Michael (September 29, 2016). "AOL Founder Steve Case Has 4 Reasons Why He's Voting for Hillary Clinton". Fortune. RetrievedNovember 20, 2016.
  38. Daniel H. Case bio & at Case Lombardi & Pettit Archived 2009-01-30 at the Wayback Machine
  39. Munk, Nina (2004). "Page 72". Fools Rush in: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner. New York: HarperCollins. ISBN 0-06-054035-4.
  40. "Investment banker Daniel H. Case, Jr. dies of cancer at 44". Honolulu Star-Bulletin. 2002-06-27.
  41. Dicus, Howard (January 13, 2003). "Steve Case decides to resign from AOL Time Warner".
  42. "Ex-congressman Ed Case wins Hawaii Democratic primary for US House". USA TODAY. Retrieved2019-03-23.
  43. Ashby, Ruth (2002). "Page 24". Steve Case: America Online Pioneer. Brookfield, Connecticut: Twenty-First Century Books. ISBN 0-7613-2655-3. He had married his college girlfriend, Joanne, in 1985
  44. Munk, Nina (January 2003). "Steve Case's Last Stand". Vanity Fair. In 1985 he married Joanne Barker at a church in her hometown of Rumson, New Jersey. They'd met at Williams, where Barker, a student at Smith College, had spent a year. She became a schoolteacher. They had three children.
  45. "Digits: "You've got married"". Wall Street Journal. 1998-07-09. Archived from the original on 2018-02-09. Steve Case ... has tied the knot with companion Jean Villanueva ... the top public-relations official at AOL until she left the company in 1996. Officiating at the small ceremony was the Rev. Billy Graham ... The previous marriages of Mr. Case and Ms. Villanueva ended in divorce. Alt URL
  46. Bahareth, Mohammad (April 2012). Kings of the Internet: What You Don't Know about Them ?. ISBN 978-1469798424.

Sources

  • Leibovich, Mark. The New Imperialists (Prentice Hall, 2002) pp 183-228. online
Business positions
New office Chief Executive Officer of America Online
1991–2001
Succeeded by

Steve Case
Steve Case Article Talk Language Watch Edit Not to be confused with Stevie Case Stephen McConnell Case born August 21 1958 is an American entrepreneur investor and businessman best known as the former chief executive officer and chairman of America Online AOL Case joined AOL s predecessor company Quantum Computer Services as a marketing vice president and became CEO of the company renamed AOL in 1991 Since his retirement as chairman of AOL Time Warner in 2003 2 he has gone on to invest in seed early and growth stage startups through his Washington D C based venture capital firm Revolution LLC Revolution has invested in growth stage companies such as CLEAR DraftKings Sweetgreen Tala Cava Tempus and Sportradar early stage companies such as PolicyGenius HomeSnap and Framebridge and seed companies such as StockX AppHarvest Backlot Cars and 120 Water Revolution focuses on finding companies based outside of Silicon Valley that can benefit from its deep understanding of policy and partnership building The firm s Rise of the Rest Seed Funds which grew out of its Rise of the Rest Road Trips are baked by well known entrepreneurs and investors such as Jeff Bezos Eric Schmidt Ray Dalio Sara Blakely Shelia Johnson and others Case authored The Third Wave An Entrepreneur s Vision of the Future which became a New York Times bestselling book in 2016 3 Case gave a fireside chat at TechCrunch Disrupt NYC on May 16 2017 titled Building Silicon Valley Outside of the Valley 4 Steve CaseCase in 2013BornStephen McConnell Case 1958 08 21 August 21 1958 age 63 Honolulu Hawaii Territory U S Alma materWilliams CollegePolitical partyIndependentSpouse s Joanne Barker m 1985 div 1996 wbr Jean Villanueva m 1998 wbr Children5 Case supports inclusive entrepreneurship and innovation through the Rise of the Rest road trips 5 and the Case Foundation He has become a sought after voice on the importance of investing outside of the coastal tech hubs for continued national economic growth and vitality Working with policymakers from both sides of the aisle https www washingtonpost com opinions 2020 07 19 theres no going back pre pandemic economy congress should respond accordingly Case advocates for policies that support and strengthen entrepreneurship and startups citing that high growth startups create new jobs Case served as a Presidential Ambassador for Global Entrepreneurship PAGE and was a member of Barack Obama s Council on Jobs and Competitiveness 6 He also served on the National Advisory Council on Innovation and Entrepreneurship NACIE Case was chairman of UP Global a non profit organization focused on fostering strong entrepreneurial communities recently acquired by Techstars 7 Contents 1 Life and career 2 Investments 3 Third Wave 4 Work with immigration reform 5 Family 6 References 6 1 Sources 7 Further reading 8 External linksLife and career EditSteve Case was born and grew up in Honolulu Hawaii 8 the son of Carol and Daniel Case 9 He graduated from the private Punahou School 8 Class of 1976 and attended Central Union Church Case graduated from Williams College in Williamstown Massachusetts in 1980 with a degree in political science For the next two years he worked as an assistant brand manager at Procter amp Gamble in Cincinnati Ohio In 1982 he joined Pizza Hut Inc in Wichita Kansas serving as manager of new pizza marketing 8 In January 1983 his older brother Dan an investment banker introduced him to Bill von Meister CEO of Control Video Corporation The company was marketing a service called GameLine for the Atari 2600 video game console that allowed users to download games via a phone line and modem After that meeting von Meister hired Case as a marketing consultant 8 10 Later that year the company nearly went bankrupt and one of its investors Frank Caufield brought in his friend Jim Kimsey as a manufacturing consultant Case later joined the company as a full time marketing employee In 1985 Quantum Computer Services an online services company was founded by Jim Kimsey from the remnants of Control Video Kimsey became CEO of the newly renamed Quantum Computer Services and hired Case as vice president of marketing In 1987 he promoted him again to executive vice president Kimsey groomed Case to become chairman and CEO when Kimsey retired and the transition formally took place in 1991 CEO and 1995 chairman As part of the changes that gave birth to Quantum Case changed the company s strategy creating an online service called Quantum Link Q Link for short for the Commodore 64 in 1985 with programmer and AOL co founder Marc Seriff In 1988 Quantum began offering the AppleLink online service for Apple and PC Link for IBM compatible computers In 1991 he changed the company name to America Online and merged the Apple and PC services under the AOL name the new service reached 1 million subscribers by 1994 and Q Link was terminated October 21 of that year AOL pioneered the concept of social media as its focus from day one was on communication features such as chatrooms instant messaging and forums 11 Case believed that the killer app was community people interacting with each other and that was the driver of much of AOL s early success By contrast competitive services of the time such as Prodigy funded by IBM and Sears focused on shopping and CompuServe focused on being an information utility 12 AOL s strategy was to make online services available and accessible to the mass market by making them affordable easy to use useful and fun 13 At a time when competing services like CompuServe were charging for each minute of access which varied based on modem speeds and added extra charges for premium services AOL priced its service at 19 95 per month for unlimited use of basic tier services beginning in 1996 14 Within three years AOL s userbase grew to 10 million ultimately reaching 26 7 million users at its peak in 2002 15 Among many initiatives in the early years of AOL Case personally championed many innovative online interactive titles and games including graphical chat environments Habitat 1986 and Club Caribe 1989 the first online interactive fiction series QuantumLink Serial by Tracy Reed 1988 Quantum Space the first fully automated Play by email game 1989 and the original Dungeons amp Dragons title Neverwinter Nights the first Massively Multiplayer Online Role Playing Game MMORPG to depict the adventure with graphics instead of text 1991 After a decade of quick growth AOL merged with media giant Time Warner in 2001 creating one of the world s largest media entertainment and communications companies 16 The 164 billion acquisition was completed in January 2001 but quickly ran into trouble as part of the dot com recession compounded by accounting scandals Case announced his resignation as chairman in January 2003 although he remained on the company s board of directors for almost three more years 17 The failure of the AOL Time Warner merger is the subject of a book by Nina Munk entitled Fools Rush In Steve Case Jerry Levin and the Unmaking of AOL Time Warner 2005 A photo of Case and Time Warner s Jerry Levin embracing at the announcement of the merger appears on the cover In 2005 Case wrote in The Washington Post that It s now my view that it would be best to undo the merger by splitting Time Warner into several independent companies and allowing AOL to set off on its own path 18 Laura Bush announces a 60 million partnership between the U S Government and the Case Foundation at the Clinton Global Initiative conference in New York on September 20 2006 With her from left are Raymond Chambers Chairman MCJ and Amelier Foundations former President Bill Clinton and Jean Case and Steve Case Case resigned from the Time Warner board of directors in October 2005 to spend more time working on Revolution LLC a D C based investment firm he founded in April 2005 Revolution and its related funds have invested in more than 200 companies Revolution has committed to investing a majority of its capital outside Silicon Valley 19 He is also chairman of the Case Foundation which he and his wife Jean Case created in 1997 In 2011 Steve and Jean Case were honored as Citizens of the Year by the National Conference on Citizenship 20 and interviewed by Stephanie Strom of The New York Times about their record of service and philanthropic endeavors In 1999 Case received the Golden Plate Award of the American Academy of Achievement His award was presented by Awards Council member Jim Kimsey 21 Case was inducted into the Junior Achievement U S Business Hall of Fame in 2009 In 2011 he was appointed as a Citizen Regent of the Smithsonian Institution and became Chair of the Regents in 2020 22 Case was a co chair of the Democracy Project at the Bipartisan Policy Center 23 In May 2014 Case received an Honorary Doctorate of Humane Letters from Georgetown University 24 Investments EditFollowing his departure from AOL Case founded Revolution LLC in 2005 Early investments include Revolution Money HelloWallet AddThis Zipcar Living Social and luxury travel club Exclusive Resorts These last three were considered early bets on the new Web economy 25 and were early examples of what is now referred to as the sharing economy Zipcar went public in April 2011 earning a market valuation of more than 1 billion before being acquired by Avis Budget Group in January 2013 26 Other exits include the purchase of Revolution Money by American Express in 2009 for 300 million and on May 29 2014 MorningStar announced plans to acquire HelloWallet for an undisclosed amount 27 In 2011 Case along with Ted Leonsis launched the 450 million Revolution Growth fund 28 The fund s investments to date include Bigcommerce CustomInk Echo360 FedBid Handy Lolly Wolly Doodle Optoro Orchard Resonate Revolution Foods Sweetgreen Sparefoot Bedrock Manufacturing LDiscovery Interactions Cava DraftKings Sportradar Tala Tempus TalkSpace and Uptake In 2013 he launched the Revolution Ventures fund with Tige Savage and David Golden Revolution Ventures has invested in BenchPrep Booker Busbud Framebridge Homesnap Insikt OrderUp RunKeeper MemberSuite PolicyGenius Paro Bloomscape and Bright Cellars In 2017 Case launched the Rise of the Rest Seed Fund investing in companies outside of San Francisco New York and Boston The fund has invested in companies across 78 cities and 35 states Case has also invested directly in other companies such as Kenyan solar provider M kopa 29 Case controls tens of thousands of acres of land in Hawaii including a controlling interest in Maui Land amp Pineapple Company 30 and Grove Farm obtained in a highly controversial transaction which led to years of litigation by the farm s previous owners 31 Third Wave EditCase wrote The Third Wave An Entrepreneur s Vision of the Future in 2016 In the book he argues innovations in technology will transform the Internet of Things to the Internet of Everything change the way society thinks about work and challenging the biggest industries in the world He calls the new era the Third Wave of the internet The first wave saw AOL and other companies lay the foundation for consumers to connect to the internet The second wave saw companies like Google and Facebook build on top of the internet to create search and social networking capabilities while apps like Instagram leveraged the smartphone revolution Case says we re entering the Third Wave a period when entrepreneurs will leverage technologies to finally disrupt real world sectors like health education transportation and energy and in the process change the way people live their daily lives Entrepreneurs large corporations and governments will need to have a new mindset and skills in order to be successful in this new era In the Third Wave Case also predicts the rise of startup ecosystems outside of California New York and Boston What he calls The Rise of the Rest A confluence of the industry expertise in these regions technological innovations and public policy changes makes it easier to start and scale a business anywhere Work with immigration reform EditCase is an avid advocate for comprehensive immigration reform arguing that easing restraints on immigration is necessary for America s future entrepreneurial economy 32 He particularly emphasizes the impact that reform would have on recent engineering graduates and the tech sector Case contends that making it easier for foreign students educated in America to stay post graduation is vital to winning the war for talent given the sheer high demand for engineers and entrepreneurs and current visa rules preventing tech companies from hiring the best foreign talent 33 34 He argues not only for reforming the H 1B visa program but also implementing a Startup Visa program that welcomes immigrant entrepreneurs with proven ideas to launch their startups in the United States 35 Case traditionally has avoided politics quietly building nonpartisan relationships with both Democrats and Republicans 36 Fueled by concern that Donald Trump s restrictive immigration policies would result in loss of jobs as many Fortune 500 companies were founded by immigrants or their children 37 he made an exception to remaining nonpartisan by endorsing Hillary Clinton for the 2016 presidency Family EditHis father Daniel H Case is the founding partner of the Hawaiian law firm of Case Lombardi amp Pettit 38 His mother Carol was an elementary school teacher His parents had three other children Carin Dan and Jeff 39 His brother Dan died from brain cancer at the age of 44 in June 2002 40 Case is a cousin of Ed Case who served as a Hawaii congressman 41 from 2002 through 2007 and since 2019 42 In 1985 Case married Joanne Barker whom he had met while attending Williams College The couple had three children and divorced in 1996 43 44 Two years later in 1998 he married former AOL executive Jean Villanueva in a ceremony officiated by the Rev Billy Graham 45 Case donated 10 million to Punahou School to build a junior high school named after his parents 46 He is Christian References Edit Steve Case Steve Case Biography American Academy of Achievement Archived from the original on October 4 2011 Retrieved June 13 2011 New York Times Bestsellers Business Books May 2016 The New York Times Retrieved 25 October 2016 BUILDING SILICON VALLEY OUTSIDE OF THE VALLEY AT TECHCRUNCH May 2017 Startup Grind Startup Grind Retrieved 17 May 2017 ABQ FIRM THAT LANDED STEVE CASE FUNDING AMONG THOSE TAPPED FOR HIGH ALTITUDE COMPETITION February 2017 Startup Grind Startup Grind Retrieved 13 February 2017 Jared A Favole February 22 2011 Obama Taps AOL s Case for Jobs Council The Wall Street Journal Retrieved June 13 2011 Lunden Ingrid 16 June 2015 Techstars Buys UP Global The Non Profit Behind Startup Weekend TechCrunch Retrieved 25 October 2016 a b c d Bob Van Voris Bloomberg News 2006 08 01 Steve Case immerses himself in life after AOL Honolulu Star Bulletin Michael Tsai 2016 07 01 Noted attorney Daniel Case dies Honolulu Star Adviser Ashby Ruth 2002 Page 17 Steve Case America Online Pioneer Brookfield Conn Twenty First Century Books ISBN 0 7613 2655 3 His brother Dan introduced him to Bill Von Meister AOL A History Retrieved June 13 2011 Steve Case Biography AskMen Archived from the original on October 7 2011 Retrieved June 13 2011 Steve Case The Wall Street Journal Archived from the original on July 16 2012 Retrieved June 13 2011 The History of AOL WebHostingReport com Archived from the original on January 1 2011 Retrieved June 11 2011 Tedeschi Bob 14 September 2004 AOL store tempts comparison shoppers The New York Times Retrieved 6 January 2018 AOL Time Warner Timeline of the merger 2001 01 12 Retrieved 2020 11 21 Steve Case s Last Stand Retrieved June 14 2011 AOL founder calls for breakup of Time Warner Bloomberg via Seattle Post Intelligencer December 13 2005 Retrieved 2007 12 01 Steve Case s Fund Will Invest 200 Million On Startups Outside Of Silicon Valley Retrieved September 3 2013 Jean and Steve Case recognized at Citizens of the Year at the Civic Innovators Forum Archived from the original on 2021 12 12 Retrieved September 22 2011 Golden Plate Awardees of the American Academy of Achievement www achievement org American Academy of Achievement About Smithsonian Regent Members Smithsonian Institution Archived from the original on April 29 2011 Retrieved May 14 2011 Governance Bipartisan Policy Center Archived from the original on 2011 06 10 Georgetown Announces Speakers for 2014 Commencement Georgetown University May 1 2014 Archived from the original on May 2 2014 Retrieved May 1 2014 How Steve Case and His Company Are Driving the Sharing Economy Business Insider November 9 2011 Zipcar Timeline From Business Idea to IPO to 500 Million Buyout Entrepreneur Retrieved January 2 2013 HelloWallet Acquired by Morningstar Retrieved May 29 2014 Revolution Growth Revolution revolution com Retrieved 2015 05 15 Aglionby John 17 March 2016 Lightbulb moment for M Kopa Financial Times Ilima Loomis August 5 2010 Steve Case s ownership in ML amp P now at 62 8 percent The Maui News Retrieved November 15 2010 Stewart Yerton April 23 2006 Grove Farm a house divided Litigation that divides family stems from sale clouded in suspicions Honolulu Star Bulletin Retrieved November 15 2010 Primack Dan October 12 2013 Steve Case Still optimistic on immigration reform Fortune Retrieved November 20 2016 Summers Nick August 26 2013 Steve Case s Second Life Bloomberg Businessweek 4343 52 57 Retrieved November 20 2016 Savitz Eric 13 September 2012 Q amp A Steve Case On Startups Living Social Zipcar And More Fortune EBSCOhost Retrieved 20 November 2016 Case Steve 3 August 2016 Immigration must be considered an opportunity for America not a problem Recode Vox Media Inc Retrieved 20 November 2016 Case Steve September 28 2016 Steve Case Why I m voting for Hillary Clinton The Washington Post Retrieved November 20 2016 Addady Michael September 29 2016 AOL Founder Steve Case Has 4 Reasons Why He s Voting for Hillary Clinton Fortune Retrieved November 20 2016 Daniel H Case bio amp at Case Lombardi amp Pettit Archived 2009 01 30 at the Wayback Machine Munk Nina 2004 Page 72 Fools Rush in Steve Case Jerry Levin and the Unmaking of AOL Time Warner New York HarperCollins ISBN 0 06 054035 4 Investment banker Daniel H Case Jr dies of cancer at 44 Honolulu Star Bulletin 2002 06 27 Dicus Howard January 13 2003 Steve Case decides to resign from AOL Time Warner Ex congressman Ed Case wins Hawaii Democratic primary for US House USA TODAY Retrieved 2019 03 23 Ashby Ruth 2002 Page 24 Steve Case America Online Pioneer Brookfield Connecticut Twenty First Century Books ISBN 0 7613 2655 3 He had married his college girlfriend Joanne in 1985 Munk Nina January 2003 Steve Case s Last Stand Vanity Fair In 1985 he married Joanne Barker at a church in her hometown of Rumson New Jersey They d met at Williams where Barker a student at Smith College had spent a year She became a schoolteacher They had three children Digits You ve got married Wall Street Journal 1998 07 09 Archived from the original on 2018 02 09 Steve Case has tied the knot with companion Jean Villanueva the top public relations official at AOL until she left the company in 1996 Officiating at the small ceremony was the Rev Billy Graham The previous marriages of Mr Case and Ms Villanueva ended in divorce Alt URL Bahareth Mohammad April 2012 Kings of the Internet What You Don t Know about Them ISBN 978 1469798424 Sources Edit The Online World of Steve Case Business Week 1996 04 15 Klein Alec 2003 Stealing Time Steve Case Jerry Levin and the Collapse of AOL Time Warner New York Simon amp Schuster ISBN 0 7432 5984 X Interview detailing Case s support for early games and effects of explosive growthFurther reading EditLeibovich Mark The New Imperialists Prentice Hall 2002 pp 183 228 onlineExternal links Edit Media related to Steve Case at Wikimedia Commons Appearances on C SPANBusiness positionsNew office Chief Executive Officer of America Online 1991 2001 Succeeded byBarry Schuler Retrieved from https en wikipedia org w index php title Steve Case amp oldid 1059942041, wikipedia, wiki, book,

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