Case is cofounder of D.C.-based venture capital firm Revolution, which invests in startups in cities like Indianapolis and Chattanooga, Tennessee.
Revolution’s Steve Case embraces a participant during a 2018 startup pitch competition for his Rise of the Rest initiative in Memphis.After eight road trips across the United States on the tour bus for his venture firm Revolution, AOL cofounder Steve Case found himself with a bit more time after the pandemic took the bus off the road.
Since 2014, the tour has made stops in cities outside of the premier tech hubs San Francisco, New York and Boston as part of Revolution’s “Rise of the Rest” initiative. Stopping in places like Harrisburg, Pennsylvania, and Birmingham, Alabama, the firm hosted startup pitch competitions and awarded investment grants to winners.
Case’s initiative has now invested in some 200 companies across 100 cities. With a ninth road trip postponed twice,Rise of the Rest: How Entrepreneurs in Surprising Places Are Building the New American Dream , due out in September. “I think people will be surprised how, over the next decade, many iconic multi-billion-dollar companies are birthed and scaled in cities all across the country,” he says.Chattanooga, TennesseeChattanooga has become the “Silicon Valley of trucking,” Case says, as a result of a confluence of two supercharging factors: industry expertise and government policy.
The ability to develop modern tech solutions for an antiquated industry has been bolstered in Chattanooga by the 2010 rollout of high-speed broadband internet. The city built the network, one of the fastest in the United States, through a municipally owned telecommunications provider.
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