Steve Case Unplugged
by Joe · 39 things on Twos
- In 1980 the internet was not commercialized and investors were not giving 21 year olds money
- Joined a failed startup in DC
- Was the director of new pizza development for Pizza Hut
- Co-Founded AOL after in 1985
- Rise of the rest
- Growth, venture, and seed
- Started as a movement of promoting ecosystems
- 200 investments in 37 states, 100 cities
- Identify promising companies and change the trajectory of information
- Came to Emerge in 2017 and started to see what is happening in the startup ecosystem
- Goal is to make top quartile returns by proving it is a good investment strategy to spread your geographic reach
- 75% of venture capital dollars go to 3 states and Florida is not one of them
- Cali
- Massachusetts
- NY
- Created a list of rising cities with Forbes
- “Globally there is a dispersion of talent”
- What they are looking for when considering and investment
- Depends on the stage
- Broader market opportunity
- Broader trends in the market
- The team (can they execute?)
- How much time do you spend with the founders?
- All depends on the vision
- When people hear a pitch they focus on what can go right, not what can go wrong.
- Raising money in the next couple of years will be harder than the past 2 years
- While projects may be getting done faster, the quality is going down
- Support small companies because they will be the future of the city
- If you’re not paying attention to your surroundings, people will eat your lunch
- Rise of the rest book coming out in September
- “Use my platform in a way that can help others”
- Rise of the rest is just like AOL in the early days
- 3% of people were online and they averaged an hour a week
- We thought the world would be better if it was connected
- Partners and policy that can 10x our business
- In entrepreneurship, it is easy to say and really hard to do. It all comes down to people and team.
- Entrepreneurship is a team sport
- Steve@revolution.com
- Read Steve Case book