Steve Case Quotes
Because I do think - not just in building AOL - but just the world in which we live is a very confusing, rapidly changing world where technology has accelerated.
Case, Steve. "Interview with Steve Case." Academy of Achievement, 20 Feb. 2004.
A startlingly bad prediction by a Nobel-prize winning economist particularly given it was stated in 1998 rather than a much earlier date when the potential of the Internet wasn’t already apparent. Ironically, the quote is from a Red Herring article he wrote titled “Why Most Economists’ Predictions Are Wrong” in which he asserts that most economists predictions are wrong because they overestimate the impact of future technologies. This quote is part of a longer, equally incorrect quote: “The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law' becomes apparent: most people have nothing to say to each other! By 2005, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.” See related quotes.
Stephen McConnell Case is an American entrepreneur, investor, and businessman best known as the former chief executive officer and chairman of America Online (AOL). Case joined AOL's predecessor company, Quantum Computer Services, as a marketing vice-president and became CEO of the company (renamed AOL) in 1991. Since his retirement as chairman of AOL Time Warner in 2003, he has gone on to invest in early and growth-stage startups through his Washington, D.C. based venture capital firm Revolution LLC. Case authored The Third Wave: An Entrepreneur's Vision of the Future which became a New York Times bestselling book in 2016. Case gave a fireside chat at TechCrunch Disrupt NYC, on May 16, 2017, titled "Building Silicon Valley Outside of the Valley."