Steve Case
Description
Steve Case, widely recognized as the co-founder of America Online (AOL), has transitioned his entrepreneurial acumen into a prominent venture capital career through Revolution LLC, which he founded in 2005. As Chairman, Founder, and CEO, Case spearheads Revolution's mission to invest in and build disruptive companies, particularly those located outside the traditional tech hubs of Silicon Valley, Boston, and New York. His investment philosophy is deeply rooted in the belief that great ideas and entrepreneurs can emerge from anywhere, a principle central to Revolution's "Rise of the Rest" initiative. This strategic focus aims to democratize access to capital and resources for startups in emerging ecosystems across the United States.
Revolution operates through several distinct funds, each targeting different stages of company growth. Revolution Growth focuses on later-stage companies, typically investing in Series B and beyond, providing substantial capital for scaling proven businesses. Revolution Ventures, conversely, targets earlier-stage companies, often at the Series A stage, seeking to identify and nurture promising startups from their foundational phases. The most distinctive vehicle, the Rise of the Rest Seed Fund, is dedicated to seed-stage investments in the burgeoning startup communities visited during the Rise of the Rest bus tours, underscoring Case's commitment to fostering innovation nationwide.
Through these vehicles, Steve Case's investment activities cover a broad spectrum of cheque sizes. The Rise of the Rest Seed Fund typically provides initial investments ranging from $100,000 to $250,000, often as part of larger seed rounds, supporting hundreds of companies in nascent ecosystems. For more mature opportunities, Revolution Growth can deploy significantly larger sums, with typical first cheques ranging from $25 million to upwards of $100 million for companies poised for significant expansion. This comprehensive approach allows Revolution to engage with companies at various points in their lifecycle, from inception to market leadership, reflecting Case's long-term vision for fostering a more geographically diverse innovation economy.
Investor Profile
Steve Case has backed more than 20 startups, with 0 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 8 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series Unknown, Series B rounds (top funding stages).
- Majority of deals are located in United States, Israel.
- Strong thematic focus on Software, E-Commerce, Education.
- Typical check size: $100K – $100M.
Stage Focus
- Seed (65%)
- Series Unknown (10%)
- Series B (5%)
- Convertible Note (5%)
- Series A (5%)
- Post Ipo Equity (5%)
- Angel (5%)
Country Focus
- United States (90%)
- Israel (10%)
Industry Focus
- Software
- E-commerce
- Education
- Enterprise Software
- Internet
- Consulting
- Marketplace
- Mobile
- E-learning
- Information Technology
Frequently Asked Questions
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