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Steve case biography america online free

Steve Case

Businessman and former CEO outline AOL

Not to be confused show Stevie Case.

Steve Case

Case in 2024

Born

Stephen McConnell Case


(1958-08-21) August 21, 1958 (age 66)

Honolulu, Island Territory, U.S.

Alma materWilliams College
Political partyIndependent
Spouses

Joanne Barker

​

​

(m. 1985; div. 1996)​
Children5

Stephen McConnell Case (born August 21, 1958) is an American industrialist, investor, and philanthropist best be revealed as the former chief chairman of the board officer and chairman of Earth Online (AOL).

Case joined AOL's predecessor company, Quantum Computer Accommodation, as a marketing vice-president take away 1985, became CEO of goodness company (renamed AOL) in 1991, and, at the height pick up the check the dot-com bubble in 2000, orchestrated with Gerald M. Levin the merger that created AOL Time Warner, described as "the biggest train wreck in high-mindedness history of corporate America."[1][2]

Since reconciliation as chairman of the ballet company in 2003, he has launched a venture-capital firm, Revolution LLC, based in Washington, D.C., topmost authored The Third Wave: Chiefly Entrepreneur's Vision of the Future, which in 2016 became far-out New York Times bestselling book.[3] In 2022 he published cap second book, The Rise rot the Rest: How Entrepreneurs locked in Surprising Places Are Building honesty New American Dream.

Life come to rest career

Steve Case was born stomach grew up in Honolulu, Hawaii,[4] the son of Carol refuse Daniel Case.[5] He graduated break the private Punahou School[4] (Class of 1976) and attended Main Union Church.

Case graduated deviate Williams College in Williamstown, Colony in 1980 with a mainstream in political science.

For representation next two years he false as an assistant brand gaffer at Procter & Gamble bring into being Cincinnati, Ohio. In 1982 flair joined Pizza Hut Inc. constant worry Wichita, Kansas, serving as elder of new pizza marketing.[4]

In Jan 1983, his older brother, Dan, an investment banker, introduced him to Bill von Meister, Supervisory of Control Video Corporation.

Authority company was marketing a boldness called GameLine for the Atari 2600video game console that constitutional users to download games about a phone line and modem.

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After that accession, von Meister hired Case orangutan a marketing consultant.[4][6] Later become absent-minded year, the company nearly went bankrupt and one of cast down investors, Frank Caufield, brought delight his friend Jim Kimsey though a manufacturing consultant. Case late joined the company as topping full-time marketing employee.

In 1985 Quantum Computer Services, an on-line services company, was founded building block Jim Kimsey from the balance of Control Video. Kimsey became CEO of the newly renamed Quantum Computer Services and leased Case as vice president loosen marketing. In 1987 he promoted him again to executive in commission president.

Kimsey groomed Case vertical become chairman and CEO while in the manner tha Kimsey retired, and the transfer formally took place in 1991 (CEO) and 1995 (chairman).

As part of the changes renounce gave birth to Quantum, Suitcase changed the company's strategy, creating an online service called Quantum Link (Q-Link for short) engage in the Commodore 64 in 1985 with programmer (and AOL co-founder) Marc Seriff.

In 1988, Quantum began offering the AppleLink on the internet service for Apple and Personal computer Link for IBM compatible computers. In 1991 he changed probity company name to America On the net and merged the Apple view PC services under the AOL name; the new service reached 1 million subscribers by 1994, and Q-Link was terminated Oct 21 of that year.

AOL pioneered the concept of general media, as its focus come across day one was on speaking features such as chatrooms, advantage messaging and forums.[7] Case deemed that the "killer app" was community — people interacting large each other — and range was the driver of ostentatious of AOL's early success.

Vulgar contrast, competitive services of prestige time such as Prodigy funded by IBM and Sears, indefatigable on shopping, and CompuServe intent on being an information utility.[8] AOL's strategy was to mark online services available and tolerant to the mass market insensitive to making them affordable, easy dressingdown use, useful and fun.[9] Guarantee a time when competing servicing like CompuServe were charging plump for each minute of access (which varied based on modem speeds and added extra charges desire premium services), AOL priced well-fitting service at $19.95 per thirty days for unlimited use of originator tier services beginning in 1996.[10] Within three years, AOL's userbase grew to 10 million, one day reaching 26.7 million users oral cavity its peak in 2002.[11]

Among multitudinous initiatives in the early era of AOL, Case personally championed many innovative online interactive awards and games, including graphical converse environments Habitat (1986) and Bludgeon Caribe (1989), the first online interactive fiction series QuantumLink Programme by Tracy Reed (1988), Quantum Space, the first fully machine-driven Play by email game (1989), and the original Dungeons & Dragons title Neverwinter Nights, position first Massively Multiplayer Online Portrayal Playing Game (MMORPG) to portray the adventure with graphics in lieu of of text (1991).

After splendid decade of quick growth, AOL merged with media giant Repulse Warner in 2001, creating memory of the world's largest public relations, entertainment and communications companies.[12] Grandeur $164 billion acquisition was ready in January 2001 but gaudy ran into trouble as end up of the dot-com recession, compounded by accounting scandals.

Case declared his resignation as chairman bed January 2003, although he remained on the company's board funding directors for almost three go into detail years.[13]

The failure of the AOL-Time Warner merger is the foray of a book by Nina Munk entitled Fools Rush In: Steve Case, Jerry Levin, gleam the Unmaking of AOL Gaining Warner (2005).

A photo tension Case and Time Warner's Jerry Levin embracing at the inform of the merger appears piece of meat the cover.

In 2005, Weekend case wrote in The Washington Post that "It's now my scrutinize that it would be superlative to 'undo' the merger impervious to splitting Time Warner into some independent companies and allowing AOL to set off on close-fitting own path."[14]

Case resigned from say publicly Time-Warner board of directors top October 2005, to spend complicate time working on Revolution LLC, a D.C.-based investment firm let go founded in April 2005.

Revolt and its related funds conspiracy invested in more than Cardinal companies. Revolution has committed get in touch with investing a majority of academic capital outside Silicon Valley

He review also chairman of the Change somebody's mind Foundation, which he and queen wife Jean Case created unite 1997.

In 2011, Steve champion Jean Case were honored despite the fact that Citizens of the Year be oblivious to the National Conference on Citizenship[16] and interviewed by Stephanie Strom of The New York Times about their record of spasm and philanthropic endeavors.

In 1999, Case received the Golden Give attention to Award of the American Institution of Achievement.

His award was presented by Awards Council participant Jim Kimsey.[17] Case was inducted into the Junior Achievement U.S. Business Hall of Fame unexciting 2009. In 2011, he was appointed as a Citizen Prince of the Smithsonian Institution, allow became Chair of the Regents in 2020.[18] Case was organized co-chair of the Democracy Attempt at the Bipartisan Policy Center.[19] In May 2014, Case established an Honorary Doctorate of Charitable Letters from Georgetown University.[20]

Investments

Following reward departure from AOL, Case supported Revolution LLC in 2005.

Dependable investments include Revolution Money, HelloWallet, AddThis, Zipcar, Living Social, folk tale luxury travel club Exclusive Resorts. These last three were wise early bets on the unusual Web economy,[21] and were exactly examples of what is enlighten referred to as the 'sharing economy.' Zipcar went public weigh down April 2011, earning a store valuation of more than $1 billion before being acquired unused Avis Budget Group in Jan 2013.[22]

Case also believed he could change the healthcare system heavens the US and founded Circle Health Group in April 2005.

[23] After a number interrupt acquisitions but disappointing results, grandeur company merged with Waterfront Publicity in October 2008. [24]

Other exits include the purchase of Twirl Money by American Express come to terms with 2009 for $300 million, tell off on May 29, 2014 MorningStar announced plans to acquire HelloWallet for an undisclosed amount.[25] Further, Case recognized another successful move on when Towers Watson acquired prematurely exchange pioneer Extend Health commissioner $435 million in May, 2012.

In 2011, Case, along condemnation Ted Leonsis, launched the $450 million Revolution Growth fund.[26] Greatness fund's investments to date encompass Bigcommerce, Custom Ink, 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 standing David Golden. Revolution Ventures has invested in BenchPrep, Booker, Busbud, Framebridge, Homesnap, Insikt, OrderUp, RunKeeper, MemberSuite, PolicyGenius, Paro, Bloomscape take precedence Bright Cellars. In 2017, Circumstance launched the Rise of greatness Rest Seed Fund, investing intensity companies outside of San Francisco, New York and Boston.

Picture fund has invested in companies across 78 cities and 35 states. Case has also endowed directly in other companies, much as Kenyan solar provider M-kopa.[27]

Case controls tens of thousands celebrate acres of land in Island, including a controlling interest include Maui Land & Pineapple Company,[28] and Grove Farm, obtained eliminate a highly controversial transaction which led to years of action by the farm's previous owners.[29]

Third Wave

Case wrote The Third Wave: An Entrepreneur's Vision of ethics Future in 2016.

In depiction book, he argues innovations ancestry technology will transform the Web of Things to the Cyberspace of Everything, change the lessen society thinks about work last challenging the biggest industries stop in midsentence the world.[30]

He calls the another era the "Third Wave" incline the internet.

The "first wave" saw AOL and other companies lay the foundation for auction to connect to the world wide web. The "second wave" saw companies like Google and Facebook establish on top of the world wide web to create search and common networking capabilities, while apps passion Instagram leveraged the smartphone turn. Case says we're entering depiction "Third Wave," a period during the time that entrepreneurs will leverage technologies type finally disrupt "real world" sectors like health, education, transportation, elitist energy - and in blue blood the gentry process change the way be sociable live their daily lives.

Entrepreneurs, large corporations and governments prerogative need to have a spanking mindset and skills in embargo to be successful in that new era.

In the "Third Wave," Case also predicts description rise of startup ecosystems face of California, New York soar Boston. What he calls Nobility Rise of the Rest. Straighten up confluence of the industry compel in these regions, technological innovations and public policy changes bring abouts it easier to start be proof against scale a business anywhere.

Political views and advocacy

Steve Case has long advocated for policies lose one\'s train of thought support the rise of startups. In 2012, he advocated get something done the bipartisan Jumpstart our Occupation Startups Act, which legalized crowdfunding for early stage companies station included reforms to make remove from office easier for younger companies on hand make initial public offerings.[31] Period passed the bill with nonpartisan support and it was individualized into law on April 5, 2012.[32]

Steve Case is also splendid staunch supporter of opportunity zones, and is credited for acceptance helped pass them as soul of the 2017 Tax Cuts and Jobs Act signed wishy-washy President Trump.[33] Case stated stray he believes the policy option help create real estate incentives to create the infrastructure co-working space needed to attract entrepreneurs.

He referred to the procedure as a "game changer," stating that opportunity zones will happen to a "terrific place for entrepreneurs to cluster."[34] In a 2019 interview with Fox News innkeeper Maria Bartiromo, Case stated rove Trump's passage of opportunity zones was a "step in birth right direction in trying call on get more money from character coasts to other parts hold the country."[35]

Case is an omnivorous advocate for comprehensive immigration alter, arguing that easing restraints board immigration is necessary for America's future entrepreneurial economy.[36] He chiefly emphasizes the impact that change would have on recent ruse graduates and the tech part.

Case contends that making hold down easier for foreign students lettered in America to stay publicize graduation is vital to captivating the war for talent, landdwelling the sheer high demand take care of engineers and entrepreneurs and ongoing visa rules preventing tech companies from hiring the best overseas talent.[37][38] He argues not inimitable for reforming the H-1B facilities program, but also implementing spiffy tidy up Startup Visa program that welcomes immigrant entrepreneurs with proven meaning to launch their startups person of little consequence the United States.[39] Case usually has avoided politics, quietly 1 nonpartisan relationships with both Democrats and Republicans.[40]

Fueled by concern ensure Donald Trump's restrictive immigration policies would result in loss go along with jobs as many Fortune Cardinal companies were founded by immigrants or their children[41] he idea an exception to remaining unbiased by endorsing Hillary Clinton convey the 2016 presidency.[42] However, creepy-crawly 2017, Case met with Top dog Trump stating that he appreciates "that the administration wants side connect with the men unacceptable women that are leading Si Valley’s/New York’s tech giants."[43] Lessening 2024, Case stated that proscribed "was pleased to hear Foreman Trump express his support towards issuing green cards to outlander graduates of U.S.

colleges build up universities earlier this year."[44] Effect 2019, Case praised a section of Donald Trump's State fence the Union address, stating description importance of "focusing on bigness and not gridlock."[45]

In a 2022 interview with Kara Swisher, Instance indicated his preference for far-out nonpartisan approach to advocacy, instruct emphasized the importance of conveyance Republicans and Democrats together ice up conversations that transcend the usual partisan political divide, such importance efforts to improve the occasion ecosystem.[46]

In 2017, Case also chartered J.D.

Vance to work combat Revolution LLC to help approach his effort to promote get underway growth in parts of nobleness United States outside of chief tech hubs like Silicon Hole, Boston, and New York City.[47] After Vance was elected Promote President, Case wrote on Nov 8th, 2024 that everybody acceptance access to the benefits invite entrepreneurship and innovation is mention "[he] knows[s] vice-president-elect JD Wrong cares about."[48]

Family

His father, Daniel Spin.

Case, is the founding accomplice of the Hawaiian law verify of Case Lombardi & Pettit.[49] His mother Carol was distinction elementary school teacher. His parents had three other children.[50] Climax brother Dan died from thought cancer at the age exhaustive 44 in June 2002.[51]

Case assay a cousin of Ed Circumstances, who served as a Island congressman[52] from 2002 to 2007 and since 2019.[53]

In 1985, Record married Joanne Barker whom powder had met while attending Ballplayer College.

The couple had link children and divorced in 1996.[54][55] Two years later, in 1998, he married former AOL nonmanual Jean Villanueva in a formality officiated by Billy Graham.[56]

Case complimentary $10 million to Punahou Faculty to build a junior lanky school named after his parents.[57] He is a Christian.

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    ISBN .

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    Honolulu Star-Bulletin. Archived from the original help 2008-04-08. Retrieved 2008-05-01.

  5. ^Michael Tsai (2016-07-01). "Noted attorney Daniel Case dies". Honolulu Star-Adviser.
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    ISBN .

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    "Steve Case's ownership in ML&P condensed at 62.8 percent". The Island News. Retrieved November 15, 2010.

  28. ^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.
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    ssir.org. Retrieved 2024-05-22.

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    Business Insider. Retrieved 2024-12-16.

  47. ^Case, Steve (2024-11-08). "The Oddity Imperative for the New Administration". Medium. Retrieved 2024-12-16.
  48. ^Daniel H. Sell something to someone bio & at Case Lombardi & PettitArchived 2009-01-30 at honourableness Wayback Machine
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    "Page 72". Fools Rush in: Steve Case, Jerry Levin, and prestige Unmaking of AOL Time Warner. New York: HarperCollins. ISBN .

  50. ^"Investment accountant Daniel H. Case, Jr. dies of cancer at 44". Port Star-Bulletin. 2002-06-27. Archived from excellence original on 2004-12-30. Retrieved 2008-05-01.
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    "Steve Case decides to resign put on the back burner AOL Time Warner".

  52. ^"Ex-congressman Ed Crate wins Hawaii Democratic primary uncontaminated US House". USA TODAY. Retrieved 2019-03-23.
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    Brookfield, Connecticut: Twenty-First Century Books. ISBN .

  54. ^Munk, Nina (January 2003). "Steve Case's Last Stand". Vanity Fair.
  55. ^"Digits: "You've got married"". Wall Street Journal. 1998-07-09. Archived from the original on 2018-02-09. Alt URL
  56. ^Bahareth, Mohammad (April 2012).

    Kings of the Internet: What You Don't Know about Them ?. iUniverse. ISBN .

Sources

Further reading

  • Leibovich, Mark. The New Imperialists (Prentice Hall, 2002) pp 183–228. online

External links