Steve Case: In 'early stage' of social commerce evolution - The Deal Pipeline (SAMPLE CONTENT: NEED AN ID?)
Subscriber Content Preview | Request a free trialSearch  
  Go

Video

Share  |  Reprint

Steve Case: In 'early stage' of social commerce evolution

Published January 31, 2012 at 7:13 PM

"Our country needs more companies like a LivingSocial," says Steve Case, chairman and CEO of Revolution, about the e-commerce site, known for its daily deals. Revolution Ventures, its venture arm, invests in LivingSocial, one of Groupon Inc.'s biggest competitors. When asked if he was concerned about LivingSocial's profitability and sustainability, Case says he's "very optimistic." Case, who rose to prominence as a co-founder of AOL, is also optimistic about social commerce in general. Says Case, we're "in the early stage of the evolution of this whole social commerce space. Companies like Amazon were the first generation of e-commerce. Companies like LivingSocial are the second generation." For more from Steve Case, watch "Steve Case: Entrepreneurship 'made America great.' "Katie Roof


Share:

Meet the journalists



Movers & Shakers

Launch Movers and shakers slideshow

SunRun may take a lap around the IPO market with Robert Komin Jr. as its new CFO. For other updates launch today's Movers & shakers slideshow.

Video

Stamps.com delivers with Endicia acquisition

El Segundo, Calif.-based Stamps.com is delivering its largest deal since 2000, agreeing to buy the Endicia business from Newell Rubbermaid for $215 million in cash. More video

Sectors