Case: AOL went public at a $70M valuation before peaking at $160B
Steve Case · 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 · Feb 18, 2019 · at 6:43
Steve Case, co-founder of AOL and founder of Revolution, recounts AOL's historic market capitalization growth from its 1992 initial public offering to its peak during the Time Warner merger.
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“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 seventy million to one hundred and sixty billion dollars. And it was the best performing stock of the decade.”
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