Steve Case

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Steve Case (2011)

Stephen McConnell Case (born August 21, 1958 in Honolulu ) is the founder of America Online (AOL). He joined in January 2003 under pressure from the shareholders in the wake of financial difficulties and accounting scandals as Chief Executive Officer ( CEO ) back and acted henceforth only as a director and co-chair the "Strategic Committee".

He originally founded Quantum Link , an online service for the Commodore 64 . Apple and IBM compatible computers have been supported since 1988 . In 1991 it was renamed America Online . In 1994 the number of users rose to one million.

After a decade of extreme growth, AOL merged with Time Warner in early 2000 and from then on operated under the name "AOL Time Warner" for a while before it was renamed "Time Warner" again.

In April 2005 Steve Case founded the company "Revolution", which is committed to "giving consumers more choice, convenience and control". In October 2005, Case Time left Warner for good in order to devote himself exclusively to his new company.

After joining AOL, Case founded Revolution LLC in 2005 with Donn Davis and Tige Savage. Early investments include Revolution Money , HelloWallet , AddThis , Zipcar , Living Social, and Exclusive Resorts . These last three were seen as early bets on the new economy on the web and were early examples of what is now known as the “sharing economy”. Zipcar went public in April 2011 and had a market valuation of more than $ 1 billion before being acquired by Avis Budget Group in January 2013 .

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

In 2011, Case started the $ 450 million Revolution Growth fund with Ted Leonsis and Donn Davis. The fund's previous investments include BigCommerce , CustomInk , Echo360 , FedBid , Handy , Lolly Wolly Doodle , Optoro, Resonate, Revolution Foods, Sweetgreen, Sparefoot, Bedrock Manufacturing, LDiscovery, Interactions, Cava, DraftKings and Sportradar . In 2013 he started the "Revolution Ventures" fund with Tige Savage and David Golden. Revolution Ventures has invested in BenchPrep, Booker, Busbud, Framebridge, Homesnap, Insikt, OrderUp, RunKeeper, MemberSuite and PolicyGenius .

Case founded the venture capital fund “Rise of the Rest” together with JD Vance , which also supports start-up companies.

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

Steve Case is the cousin of Ed Case , who represented the State of Hawaii in the US House of Representatives between 2002 and 2007 .

Individual evidence

  1. ^ Derek Thompson: How Steve Case and His Company Are Driving the Sharing Economy . In: The Atlantic . ( theatlantic.com [accessed April 28, 2018]).
  2. ↑ Brian Patrick Eha: Zipcar Timeline: From Business Idea to IPO to $ 500 Million Buyout . In: Entrepreneur . January 2, 2013 ( entrepreneur.com [accessed April 28, 2018]).
  3. ↑ HelloWallet Acquired by Morningstar - Revolution . In: Revolution . May 29, 2014 ( revolution.com [accessed April 28, 2018]).
  4. ^ Revolution Growth . In: Revolution . ( revolution.com [accessed April 28, 2018]).
  5. ↑ The Billionaire and the Little Girl , NZZ, June 2, 2018 (title of the print edition, page 36)
  6. ↑ Steve Case's ownership in ML&P; now at 62.8 percent - Mauinews.com | News, Sports, Jobs, Visitor's Information - The Maui News. April 2, 2015, accessed April 28, 2018 .
  7. ↑ Honolulu Star Bulletin: starbulletin.com | News | / 2006/04/23 /. Retrieved April 28, 2018 .
personal data
SURNAME Case, Steve
ALTERNATIVE NAMES McConnell Case, Stephen (real name)
BRIEF DESCRIPTION American IT entrepreneur, founder of America Online (AOL)
DATE OF BIRTH August 21, 1958
PLACE OF BIRTH Honolulu