Steve Case: The 230 cities that lost HQ2 'perhaps can create the next Amazon'
Losing to the urban neighborhood of Crystal City in Arlington, Virginia, may not be the end story for the more than 230 cities that attempted to win the bid for Amazon's second headquarters. According to AOL co-founder Steve Case, the 14-month-long bidding process may have triggered these cities to keep the energy going and feel more empowered to build thriving ecosystems. The event featured candid conversations about how business and government can better collaborate to create jobs and economic growth. What attracted Amazon to Crystal City: its connectivity to Northern Virginia, Washington, D.C., and the rest of the United States, as well as excellent digital infrastructure, an educated workforce and prime development land. If those 230 other places that tried and failed to get Amazon, if they just took half of the time and energy and passion they put into making the Amazon bid ... they perhaps can create the next Amazon.cnbc.com
Steve Case, who took AOL public in 1992, says IPOs later in companies' lifecycles 'deprives investors' of growth
Companies building up their valuations and waiting longer to go public prevent investors from reaping as much of the rewards, AOL co-founder Steve Case told CNBC on Thursday. Wall Street has seen a boom in companies going public in 2019, with several having billion-dollar valuations. Ride hailing app Uber was valued at nearly $75.5 billion when it went public in May. "When AOL went public in 1992, it was the first internet company to go public, we raised $10 million, and the valuation that day was $70 million," Case recalled. Now they're waiting until they're five or $10 [billion] or $20 billion."cnbc.com
Venture capitalist spreading funding to Middle America
into the American lexicon is now trying to steer venture capitalists and their money to areas they've typically overlooked. Steve Case is here to meet a few entrepreneurs who say they've created a new technology that could revolutionize the way America farms. Case's bus travels through BirminghamCase and his team are scouring the middle of the country looking for promising ideas overlooked by Silicon Valley. Most people on the coasts don't think there's anything interesting, innovative happening in the middle of the country. Vance: I'm a venture capitalist, so I'm pretty comfortable with risk.cbsnews.com
Opioids and unemployment: stopping the cycle
Eastern Kentucky has been particularly hard hit by the opioid epidemic. Steve CaseJonathan Webb, the founder of AppHarvest, wants to take the opioid epidemic head-on. Vance, the author of the bestselling memoir "Hillbilly Elegy," is now a partner with Case in the Rise of the Rest fund. "I read somewhere, somebody called the opioid epidemic an 'epidemic of despair,' of folks who don't necessarily have a whole lot of hope or a sense of optimism," Vance said. It's about dignity, and respect, and purpose I'm not saying that's going to solve the opioid epidemic, but I think it's part of the solution."cbsnews.com