AOL co-founder Steve Case was reminded of the ups and downs of entrepreneurship this morning as he was being introduced at this morning’s National Small Business Week conference in Washington, D.C.
“How many of you had an AOL account?” asked Karen Mills, head of the Small Business Administration.
Mills, former manager of a private equity firm, raised her hand. But few members of the audience would have raised their hands if Mills had used the present tense. In 1992, AOL was the first Internet company to go public. At its peak, nearly half of all Internet users in the U.S. had AOL accounts. But AOL’s glory faded after it merged with Time Warner in 2001.
Case, however, didn’t just return to his native Hawaii and sit on the beach counting his billions. He got involved in other entrepreneurial efforts through his Revolution investment firm, helping new ventures like Zipcar and Living Social grow.
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