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Steve Case

Chairman & CEO, Revolution · 1 appearance on the record.

computed by AI from the episodes · how this works → · full disclaimer →

founderinvestorexecutiveauthor@SteveCase ↗casefoundation.org ↗Wikipedia ↗

Steve Case is the Chairman and CEO of investment firm Revolution. He previously co-founded America Online and led the company as its CEO and Chairman.

12statements → 4claims → 3claims resolved → 0%fully supported → 4.08/5average certainty → 1.92/5average debate potential → ≈4.5/5argument clarity, estimated → 4said about them ↓

0 supported 3 partly supported 0 contradicted 1 not checkable as stated how the 4 claims stand · each chip opens the sources

4 assertions · 2 opinions · 5 insights · 1 disclosure · every statement was checked. The predictions and assertions are the 4 claims: statements the public record can support or contradict. 3 are resolved, and 1 names no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Steve argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Expressed certainty vs assessment result

none yet certainty 1
none yet certainty 2
none yet certainty 3
50% certainty 4
50% certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: speaking style how? →

226 words/min while actually speaking · 3.9 um and uh per 1k words

No argument clarity score for Steve Case: no usable question→answer exchanges on raw tape (a fair score needs 8+). We do not score a sample that small. Roundtable and news formats yield far fewer direct exchanges than interviews. Their coarse estimate from 24 exchanges on the produced feed is ≈4.5/5, shown at half point precision because the sample is small and produced tape scores higher.

Measured by listening to 4,580 words across 1 episode, but every recording we have of Steve Case is the aired feed, and an editor cleaned that audio before release. Some of the hesitation was cut before we ever heard it, so read these as floors: the true rates are at least this high. These are measurements of speaking style, not scores. How it's measured →

How the interview went all their pushback → series average →

Across 1 rated episode:

host pushback ▾ 1/10
pushed back at the host 2/10
setup questions received 85%

Everything Steve Case said on 20VC that made the record, most notable first. Filter by type, assessment or year in the ledger →

Opinion
Steve Case: Silicon Valley startups are overvalued relative to regional startups
“In general, the companies in places like Silicon Valley, New York City, and Boston probably are a little overvalued because of the supply-demand dynamic, because most of the venture capital is based there, and most of the venture capitalists want to be able to…”
Steve Case Feb 18, 2019 ▶ 13:27 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Opinion
Case: Silicon Valley is overly insular and top returns will occur elsewhere
“Silicon Valley has gotten a little insular, sometimes a little cocky, and when I hear people say that essentially no breakout company, you know, no big, iconic, successful company can ever start outside of Silicon Valley, I think that's crazy, and so getting p…”
Steve Case Feb 18, 2019 ▶ 25:10 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Disclosure
Case: Revolution ignores market cycles when evaluating new venture investments
“So I don't really look at the market cycles, particularly when we're looking at making new investments.”
Steve Case Feb 18, 2019 ▶ 9:14 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Assertion Partly supported
Steve Case: 75% of US venture capital goes to three states
“In the United States last year, according to the NVCA that tracks us, 75% of venture capital went to three states. You know, California, New York, and Massachusetts, 50%. Half of America's venture capital went to one state. California.”
Steve Case Feb 18, 2019 ▶ 12:20 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Insight
Steve Case: A Startup CEO Must Act as a Morale Shock Absorber
“I always recognized, particularly as a leader, particularly as the CEO, that I had to be A little bit of a shock absorber for the company, and when everybody was talking about how great they were, remind them that super competitive market, and remind them that…”
Steve Case Feb 18, 2019 ▶ 19:54 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Insight
Steve Case: Vision Without Execution Is Hallucination
“Vision without execution is hallucination. And so it's a reminder that vision is important, but execution is more important. And that comes down to people and priorities and creating that team dynamic.”
Steve Case Feb 18, 2019 ▶ 23:14 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Insight
Case: Best VCs help in key areas and stay out of daily operations
“And I think the best venture investors really focus on helping in a few areas and kind of staying out of the way in most aspects of running the company.”
Steve Case Feb 18, 2019 ▶ 5:45 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Assertion Partly supported
Case: AOL went public at a $70M valuation before peaking at $160B
“We were the first internet company to go public in the 1992. We raised ten million dollars in our IPO. The market value that day was seventy million dollars. And seven, eight years later, when we were negotiating the merger with Time Warner, it had gone from s…”
Steve Case Feb 18, 2019 ▶ 6:43 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Insight
Steve Case: Startup Breakthroughs Usually Take a Decade of Slog
“Far more often, it's a slog, and it's a decade before you kind of really break through, and through that experience, I now realize that, you know, a revolution sometimes happens in more evolutionary ways.”
Steve Case Feb 18, 2019 ▶ 18:13 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Assertion Not checkable as stated
Steve Case: Over 95% of Silicon Valley TechCrunch audience moved from elsewhere
“I was speaking at TechCrunch Disrupt Conference in Silicon Valley a couple of months ago, and I don't know, there may be a 1015 hundred people in the audience. I said, I want to see a show of hands. How many of you are from the Bay Area? And it was less than f…”
Steve Case Feb 18, 2019 ▶ 16:41 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Insight
Steve Case: First-time board members should listen more than speak
“Spend more time listening than talking and just trying to really understand the dynamics of the board, some of the challenges and opportunities of the company, and be more surgical in terms of ways you intervene.”
Steve Case Feb 18, 2019 ▶ 24:22 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination
Assertion Partly supported
Case: Only 3% of people were online averaging 1 hour weekly in 1985
“We started only three percent of people were online, and those three percent were online an hour a week on average, so it was pretty early, and I spent the next 15 or so years building that company, and then when we merged AOL with Time Warner, I stepped down …”
Steve Case Feb 18, 2019 ▶ 4:05 20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Will Likely Not Be In The Valley, Why The CEO Must Be The Shock Absorber For Company Morale and Why Vision Without Execution is Hallucination

The other half of the tape: Steve Case's own voice is left out of every number here. Other people bring the name up 4 times in 1 episode on 20VC. every mention, with the transcript →

Who brings them up most Bob Pittman 4

Every mention by year

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2022 4 mentions in 1 episode

Appearances (1)

EpisodeDateSpeaking time
20VC: AOL Founder, Steve Case on Why The Best Venture Investments of The Next 10 Years Wil Feb 18, 2019 21m
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