Age, Biography and Wiki
Steve Case is an American entrepreneur and investor who co-founded America Online (AOL) in 1985 and served as its CEO until 2001. He is currently the chairman and CEO of Revolution LLC, a venture capital firm he founded in 2005.
Case was born on August 21, 1958 in Honolulu, Hawaii. He attended Williams College in Massachusetts, where he graduated with a degree in political science in 1980.
Case began his career at Procter & Gamble in 1980, where he worked in brand management. In 1983, he left P&G to join Control Video Corporation, a start-up that provided access to video games through a modem. In 1985, he co-founded Quantum Computer Services, which later became America Online (AOL).
As CEO of AOL, Case oversaw the company's growth from a small start-up to one of the world's largest Internet companies. He was instrumental in the merger of AOL and Time Warner in 2000, which created the world's largest media and entertainment company.
Case stepped down as CEO of AOL in 2001 and left the company in 2005. He then founded Revolution LLC, a venture capital firm that invests in early-stage companies. He is also the chairman of the Case Foundation, a philanthropic organization he founded with his wife, Jean.
As of 2021, Steve Case's net worth is estimated to be $1.2 billion.
Popular As |
Stephen McConnell Case |
Occupation |
N/A |
Age |
66 years old |
Zodiac Sign |
Leo |
Born |
21 August 1958 |
Birthday |
21 August |
Birthplace |
Honolulu, Hawaii Territory, U.S. |
Nationality |
United States |
We recommend you to check the complete list of Famous People born on 21 August.
He is a member of famous Former with the age 66 years old group. He one of the Richest Former who was born in United States.
Steve Case Height, Weight & Measurements
At 66 years old, Steve Case height not available right now. We will update Steve Case's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Steve Case's Wife?
His wife is Joanne Barker (m. 1985-1996)
Jean Villanueva (m. 1998)
Family |
Parents |
Not Available |
Wife |
Joanne Barker (m. 1985-1996)
Jean Villanueva (m. 1998) |
Sibling |
Not Available |
Children |
Annie Case |
Steve Case Net Worth
His net worth has been growing significantly in 2022-2023. So, how much is Steve Case worth at the age of 66 years old? Steve Case’s income source is mostly from being a successful Former. He is from United States. We have estimated
Steve Case's net worth
, money, salary, income, and assets.
Net Worth in 2023 |
US$1.37 billion (December 2015) |
Salary in 2023 |
Under Review |
Net Worth in 2022 |
Pending |
Salary in 2022 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
Former |
Steve Case Social Network
Timeline
Fueled by concern that Donald Trump's restrictive immigration policies would result in loss of jobs as many Fortune 500 companies were founded by immigrants or their children he made an exception to remaining nonpartisan by endorsing Hillary Clinton for the 2016 presidency.
AOL pioneered the concept of social media, as its focus from day one was on communication features such as chatrooms, instant messaging and forums. Case believed that the "killer app" was community — people interacting with each other — and that was the driver of much of AOL's early success. By contrast, competitive services of the time such as Prodigy funded by IBM and Sears, focused on shopping, and CompuServe focused on being an information utility. AOL's strategy was to make online services available and accessible to the mass market by making them affordable, easy to use, useful and fun. At a time when competing services like CompuServe were charging for each minute of access (which varied based on modem speeds and added extra charges for premium services), AOL priced its service at $19.95 per month for unlimited use of basic tier services beginning in 1996. Within three years, AOL's userbase grew to 10 million, ultimately reaching 26.7 million subscribers at its peak in 2002.
Other exits include the purchase of Revolution Money by American Express in 2009 for $300 million, and on May 29, 2014 MorningStar announced plans to acquire HelloWallet for an undisclosed amount.
In 2011, Case, along with Ted Leonsis and Donn Davis, launched the $450 million Revolution Growth fund. The fund's investments to date include Bigcommerce, CustomInk, Echo360, FedBid, Handy, Lolly Wolly Doodle, Optoro, Resonate, Revolution Foods, Sweetgreen, Sparefoot, Bedrock Manufacturing, LDiscovery, Interactions, Cava, DraftKings and Sportradar. In 2013, he launched the Revolution Ventures fund with Tige Savage and David Golden. Revolution Ventures has invested in BenchPrep, Booker, Busbud, Framebridge, Homesnap, Insikt, OrderUp, RunKeeper, MemberSuite, and PolicyGenius. Case has also invested directly in other companies, such as Kenyan solar provider M-kopa.
Case was inducted into the Junior Achievement U.S. Business Hall of Fame in 2009. In 2011, he was appointed as a Citizen Regent of the Smithsonian Institution. Case was a co-chair of the Democracy Project at the Bipartisan Policy Center. In May 2014, Case received an Honorary Doctorate of Humane Letters from Georgetown University.
The failure of the AOL-Time Warner merger is the subject of a book by Nina Munk entitled Fools Rush In: Steve Case, Jerry Levin, and the Unmaking of AOL Time Warner (2005). A photo of Case and Time Warner's Jerry Levin embracing at the announcement of the merger appears on the cover.
In 2005, Case wrote in The Washington Post that "It's now my view that it would be best to 'undo' the merger by splitting Time Warner into several independent companies and allowing AOL to set off on its own path."
Case resigned from the Time-Warner board of directors in October 2005, to spend more time working on Revolution LLC, an investment firm he founded in April 2005. Revolution and its related funds have invested in more than 40 companies. Revolution has committed to investing a majority of its capital outside Silicon Valley
Following his departure from AOL, Case founded Revolution LLC in 2005 with Donn Davis and Tige Savage. Early investments include Revolution Money, HelloWallet, AddThis, Zipcar, Living Social, and luxury travel club Exclusive Resorts. These last three were considered early bets on the new Web economy, and were early examples of what is now referred to as the 'sharing economy.' Zipcar went public in April 2011, earning a market valuation of more than $1 billion before being acquired by Avis Budget Group in January 2013.
His father, Daniel H. Case, is the founding partner of the Hawaiian law firm of Case Lombardi & Pettit. His mother Carol was an elementary school teacher. His parents had three other children: Carin, Dan and Jeff. His brother Dan died from brain cancer at the age of 44 in June 2002.
Case is a cousin of Ed Case, who served as a Hawaii congressman from 2002 through 2007 and since 2019.
After a decade of quick growth, AOL merged with media giant Time Warner in 2001, creating one of the world's largest media, entertainment and communications companies. The $164 billion acquisition was completed in January 2001 but quickly ran into trouble as part of the dot-com recession, compounded by accounting scandals. Case announced his resignation as chairman in January 2003, although he remained on the company's board of directors for almost three more years.
He is also chairman of the Case Foundation, which he and his wife Jean Case created in 1997. In 2011, Steve and Jean Case, were honored as Citizens of the Year by the National Conference on Citizenship and interviewed by Stephanie Strom of The New York Times about their record of service and philanthropic endeavors.
Among many initiatives in the early years of AOL, Case personally championed many innovative online interactive titles and games, including graphical chat environments Habitat (1986) and Club Caribe (1989), the first online interactive fiction series QuantumLink Serial by Tracy Reed (1988), Quantum Space, the first fully automated Play by email game (1989), and the original Dungeons & Dragons title Neverwinter Nights, the first Massively Multiplayer Online Role Playing Game (MMORPG) to depict the adventure with graphics instead of text (1991).
In 1985 Quantum Computer Services, an online services company, was founded by Jim Kimsey from the remnants of Control Video. Kimsey became CEO of the newly renamed Quantum Computer Services and hired Case as vice president of marketing. In 1987 he promoted him again to executive vice president. Kimsey groomed Case to become chairman and CEO when Kimsey retired, and the transition formally took place in 1991 (CEO) and 1995 (chairman).
As part of the changes that gave birth to Quantum, Case changed the company's strategy, creating an online service called Quantum Link (Q-Link for short) for the Commodore 64 in 1985 with programmer (and AOL co-founder) Marc Seriff. In 1988, Quantum began offering the AppleLink online service for Apple and PC Link for IBM compatible computers. In 1991 he changed the company name to America Online and merged the Apple and PC services under the AOL name; the new service reached 1 million subscribers by 1994, and Q-Link was terminated October 21 of that year.
In 1985, Case married Joanne Barker whom he had met while attending Williams College. The couple had three children and divorced in 1996. Two years later, in 1998, he married former AOL executive Jean Villanueva in a ceremony officiated by the Rev. Billy Graham.
In January 1983, his older brother Dan, an investment banker, introduced him to Bill von Meister, CEO of Control Video Corporation. The company was marketing a service called GameLine for the Atari 2600 video game console that allowed users to download games via a phone line and modem. After that meeting, von Meister hired Case as a marketing consultant. Later that year, the company nearly went bankrupt and one of its investors, Frank Caufield, brought in his friend Jim Kimsey as a manufacturing consultant. Case later joined the company as a full-time marketing employee.
Case graduated from Williams College in Williamstown, Massachusetts in 1980 with a degree in political science. For the next two years he worked as an assistant brand manager at Procter & Gamble in Cincinnati, Ohio. In 1982 he joined Pizza Hut Inc. in Wichita, Kansas, serving as manager of new pizza marketing.
Steve Case was born and grew up in Honolulu, Hawaii, the son of Carol and Daniel Case. He graduated from the private Punahou School (Class of 1976) and attended Central Union Church.
Stephen McConnell Case (born August 21, 1958) is an American entrepreneur, investor, and businessman best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president and became CEO of the company (renamed AOL) in 1991. Since his retirement as chairman of AOL Time Warner in 2003, he has gone on to invest in early and growth-stage startups through his Washington, D.C. based venture capital firm Revolution LLC. Case authored The Third Wave: An Entrepreneur's Vision of the Future which became a New York Times bestselling book in 2016. Case recently gave a fireside chat at TechCrunch Disrupt NYC, on May 16, 2017, titled "Building Silicon Valley Outside of the Valley."