America Online co-founder Steve Case , recasting himself as a venture capitalist, pledged to invest $200 million in fast-growing companies in 2005. With his bet on Zipcar Inc. , he’s now made that cash back.
Steve Case, co-founder of America Online Inc., said his venture-capital firm Revolution LLC will keep investing the bulk of its capital outside of Silicon Valley and New York to find innovative products and businesses.
Steve Case and his Revolution LLC fund for startups will gross about $96 million in the sale of car-sharing service Zipcar Inc. to Avis Budget Group Inc., a deal that validated his early backing in the industry.
Sheryl Sandberg, fresh off a media tour to promote her book on women in the workplace, is building the foundation for a life in the public eye that supersedes her day-to-day duties as operating chief at Facebook Inc.
President Barack Obama invited a group of business leaders, including America Online Inc. co- founder Steve Case, to the White House today to help him press the Senate to pass the first major revision to U.S. immigration law since 1986.
Steve Case, chief executive officer of Revolution LLC and co-founder of AOL Inc., talks with Bloomberg's Betty Liu about the South by Southwest Conference and the importance of start-ups and entrepreneurship in America. He speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)