A month ago, Steve Case, Donn Davis, and I launched Revolution Growth Fund, a $450 million fund to accelerate the growth of promising companies, focused on the East Coast. This morning, we are announcing our first investment in a local company called FedBid. FedBid has the potential to revolutionize the way the federal government buys goods and services by creating a fully managed online marketplace in which companies compete to sell to the government – saving taxpayers hundreds of millions of dollars, improving transparency, and opening doors for small businesses. I’m becoming the new Chairman of FedBid’s Board of Directors, and General George Casey (former Chief of Staff of the U.S. Army) and Mark Walsh (the former CEO of GeniusRocket and VerticalNet) are joining the board. To read more, click here.
Tag Archives: Revolution
Largest showing of a new fund
A mention of Revolution Growth 2 here – saying we were the largest new fund raised.
Click here to read all about venture capital news and the dollars available to fund innovation. Thank you.
NY Times on Revolution Growth
A link to the story. Click here if interested. Thank you.
Zipcar’s Growing Appeal
Kudos to Steve Case and the Revolution team for identifying this business vertical category so many years ago. I remember hearing about this space four years ago and then seeing lots of cars near college campuses with the Zipcar logo a fixed to the bumper.
The merger of Zipcar and Flexcar really made for an amazing and fast growing new company that is poised to really transform transportation in big cities.
Here is a great article in Fortune magazine about sharing and new modes of transportation and fast growth for a new company. Click here to read it.
Virginia Business
Here is a nice story on Revolution, Steve Case and with mentions of me. I am proud of my work with Steve in the past and with these new start-ups. We are committed to building great companies that support our local economy. We also want to build franchises that do well by doing good. See mentions on the theory of a “double bottom” line within.