AOL founder looks to invest outside Silicon Valley

Sep 30, 2013

AOL co-founder Steve Case is looking to finance entrepreneurs who are trying to build technology companies outside Silicon Valley, just like he once did.

The startups will be bankrolled by a $200 million fund that Case's Revolution Ventures announced Monday. The Revolution Ventures fund plans to make investments of up to $10 million in startups during the next three to four years.

Case expects 90 percent of the money to be funneled to living outside the San Francisco Bay Area.

The Revolution Ventures fund is based in Washington D.C., not far from the Virginia offices where Case turned America Online into one of the Internet's first success stories.

Case stepped down as AOL's chairman a decade ago, a few years after the company bought Time Warner.

Explore further: Taiwan factory workers win $18 mn over cancer deaths

Related Stories

India's startups lacking guardian 'angels'

May 08, 2013

It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup companies which are struggling to find investors.

New TechCrunch editor named after founder flap

Sep 12, 2011

AOL named a new editor for popular US technology blog TechCrunch on Monday after 10 days of uncertainty and controversy over the fate of the founder of the site, Michael Arrington.

New fund launched for bitcoin investors

Sep 26, 2013

Bitcoin Thursday got a lift with the arrival of a new investment vehicle that lets wealthy and professional investors bet on the virtual currency.

Recommended for you

Taiwan factory workers win $18 mn over cancer deaths

Apr 17, 2015

Workers from a factory in Taiwan which leeched toxic chemicals they say resulted in 200 deaths from cancer and more than 1,000 other cases of the disease won a Tw$564.45 million ($18 million) payout from US electronics company ...

Court monitor: Apple antitrust cooperation has 'declined'

Apr 17, 2015

Apple Inc.'s cooperation with efforts to improve its compliance with antitrust laws after a federal judge concluded it colluded with electronic book publishers to raise prices five years ago took on an "adversarial tone" ...

SEC questions LA Unified on use of bonds for iPad project

Apr 17, 2015

The Securities and Exchange Commission recently questioned Los Angeles Unified School District officials as part of informal inquiry into whether they properly used bond funds for a beleaguered $1.3 billion project to provide ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.