U.S. Representative Kevin McCarthy will bring a new blend of business connections to the top ranks of House leadership if, as expected, he’s elected today to replace Wall Street favorite Majority Leader Eric Cantor.
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 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.
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.
While Jamie Dimon and Warren Buffett express doubts about bitcoin, executives running the financial industry’s back offices are looking at mimicking the virtual currency’s methods of moving money quickly and cheaply.