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Washington Post- January 16, 2012- Washington entrepreneurs Ted Leonsis and Steve Case have made the first big investment with their $450 million Revolution Growth fund, acquiring a major stake in Vienna-based FedBid, which they hope to grow into an online marketplace for tens of billions of dollars in government procurement.
CNBC- December 2, 2011- Revolution LLC's $450 million venture fund will focus on East Coast consumer technology "speedups," companies that "already have some traction" but have not "broken through to the big time," CEO Steve Case told CNBC Friday.
Bloomberg- December 2, 2011- Revolution LLC, the investment firm started by America Online Inc.’s co-founder Steve Case, raised a $450 million fund to expand East Coast consumer technology companies overlooked by Silicon Valley.
New York Times- December 1, 2011- The AOL co-founder Steve Case and two former AOL colleagues, Ted Leonsis and Donn Davis, have raised $450 million for a new venture capital fund.
Washington Post -- November 30, 2011-- Washington entrepreneurs Ted Leonsis and Steve Case have assembled a $450 million investment war chest with the aim of rebuilding a start-up culture in the region that once gave rise to the company that made them rich, AOL.
We are pleased to announce the completion of our fundraising for the Revolution Growth fund. We closed on $450 million of capital commitments, more than our target amount, and ahead of our expected schedule. The three of us will lead the Revolution Growth fund and collectively are the largest investors in the fund. We are pleased to be joined by 24 terrific institutional limited partners.
The Atlantic- November 9, 2011- Three days after Steve Case, the founder of America Online, stepped down as chairman of AOL Time Warner in 2003, he took a longtime colleague out for pizza. Case wanted to get back to building companies. He wanted to open a new venture capital firm to attack old industries with the same dynamic, unwieldy Internet that AOL had harnessed before it was trampled in the mid-2000s.
Inc.- Oct. 10, 2011- These days AOL co-founder Steve Case invests in and mentors start-ups. He's also trying to encourage entrepreneurship--and make it easier to start a new business--throughout America. On Tuesday he'll meet in Pittsburgh with Obama and 26 other members of the President's Council on Jobs and Competitiveness. Created in January, the council convenes with the president once a quarter to propose ways to create jobs.
Entrepreneur- September 16, 2011- It's not every day that a group of big-name entrepreneurs come together to share their thoughts on what can be done to foster business ownership in the U.S.
CNBC- August 24, 2011- America must do more to encourage the entrepreneurs who will create the next high-growth companies that will hire more workers, Steve Case told CNBC Wednesday.
Fast Company- August 10, 2011- Great strategists win by seeing options that others ignore. They approach the game with a different playbook. When I interview a CEO or analyze a company, I seek to uncover the unique mental playbook with which they navigate the complexities of business competition.
Forbes- August 8, 2011- The arc of innovation and disruption can be long and steady--think automobiles and nations--or short and steep. Started in 1985 by an ex-assistant brand manager by the name of Steve Case, America Online reached a $166 billion market cap in early 2000. Case used his currency to pull off the largest--and most controversial--acquisition in history: Time Warner. But the ensuing dot-com bust shattered the deal's logic.