Steve Case

  • Aired:  01/05/12
  •  | Views: 18,129

AOL co-founder Steve Case believes that a generational shift away from ownership and toward community sharing is taking place. (5:14)

>> Stephen: WELCOME BACK,

EVERYBODY.

THANK YOU VERY MUCH.

WELCOME BACK.

MY GUEST TONIGHT IS THE

FOUNDER AND FORMER C.E.O. OF

AOL AND A LEADER THERED

SO-CALLED SHARING ECONOMY.

I ASSUME HE DIDN'T

MINDSHARING THE GREEN ROOM

SNACKS WAY CHICKEN.

PLEASE WELCOME STEVE CASE.

(CHEERS AND APPLAUSE)

>> Stephen: HEY, MR. CASE.

THANKS SO MUCH FOR COMING

ON.

NOW OKAY, YOU'RE A LEGEND OF

AMERICAN MODERN TECHNOLOGY.

YOU WERE ONE OF THE

CO-FOUNDERS OF AOL.

YOU SERVED AS CHAIRMAN &

CEO.

LATER BECAME CHAIRMAN OF

TIME WARNER.

AOL TIME WARNER, EXCUSE ME.

IN 2005 YOU LAUNCHED A

COMPANY CALLED REVOLUTION.

OKAY, WE'LL GET TO THAT IN A

MOMENT.

BUT FIRST LET'S TALK ABOUT

AOL.

AOL WAS ONE OF THE ORIGINAL

INTRODUCERS OF INTERNET TO

PEOPLE'S LIVES.

>> RIGHT.

>> Stephen: OKAY.

WOULD YOU LIKE TO APOLOGISE

TO ALL BUSINESSES FOR THE

LOST WORK HOURS?

OF ALL THE PEOPLE WHO ARE

[BLEEP] ALL DAY LONG ON THE

INTERNET INSTEAD OF DOING

THEIR JOB?

YOU REALIZE THAT YOU

INTRODUCED THE GREATEST TIME

WASTER OF ALL TIME.

>> WE TEND TO THINK OF IT AS

ONE OF THE GREAT EMPOWERMENT

TOOLS OF ALL TIME BECAUSE

YOU CAN GET INFORMATION IN

NEW WAYS AND GET EDUCATED IN

NEW WAYS BUT WE RECOGNIZE IT

DIDN'T ALWAYS WORK OUT THAT

WAY.

>> Stephen: NOW YOUR NEW

IDEA IS CALLED REVOLUTION.

FOUNDED ALMOST SEVEN YEARS

AGO NOW.

>> RIGHT.

>> Stephen: AND THIS IS

ABOUT THE SHARING ECONOMY.

IT INCLUDES COMPANIES LIKE

ZIPCAR, LIVING SOCIAL.

I DON'T LIKE THE IDEA, IF

YOU DON'T MIND, OF SHARING

I'M ONE OF 11 CHILDREN.

I HAD TO SHARE MY ENTIRE

LIFE.

I'M A BIG BOY NOW.

IT'S MINE.

ISN'T THAT ANTI-THETICAL TO

AMERICAN.

>> NOT REALLY, ACTUALLY THE

HISTORY OF AMERICAN PEOPLE

USED TO SHARE A HUNDRED

YEARS AGO WHEN PEOPLE GREW

UP IN VILLAGES AND FARMS AND

KNEW THEIR NEIGHBORS.

>> Stephen: WE ALSO DIED AT

43 A HUNDRED YEARS AGO IT

THIS IS OWNERSHIP ECONOMY.

>> WHEN YOU KNEW PEOPLE AND

TRUSTED THOSE PEOPLE, AND

HAD A FEELING OF A SENSE OF

COMMUNITY.

DID YOU SHARE.

WHAT HAPPENED THE LAST 50

YEARS, PEOPLE MOVED AROUND,

DIDN'T REALLY KNOW THE

NEIGHBORS BUT WITH THE

INTERNET ARE YOU ABLE TO

RECONNECT SOME OF THOSE

COMMUNITIES AND BUILD SOME

TRUST AND REPUTATION TOOLS

THAT MAKE IT EASIER NOW TO

SHARE THINGS WHETHER IT BE

CARS OR HOMES OR OFFICE

SPACE, A VARIETY OF

DIFFERENT KINDS OF THINGS.

>> Stephen: WHAT ARE THE

MOST POPULAR THINGS FOR

SHARING IN THE SHARING

ECONOMY.

>> ZIP CAR IS ONE OF THE

COMPANIES THAT WE GOT

INVOLVED IN SIX, SEVEN YEARS

AGO.

>> Stephen: HOW DOES IT

WORK.

>> BASICALLY INSTEAD OF

OWNING A CAR IF YOU LIVE IN

A CITY LIKE NEW YORK OR 20

PHIS AROUND THE WORLD AND

200 COLLEGE CAMPUSES YOU

JOIN THIS CLUB AND CAN JUST

USE A CAR WHEN YOU WANT

WITHOUT THE EXPENSE AND

HASSLE OF OWNING A CAR.

MOST CARS ARE ONLY USED 5 OR

10% OF THE TIME.

MOST VACATION HOMES ONLY

USE-- OR 10% OF THE TIME.

>> Stephen: HERE IS THE

PROBLEM WITH THE ZIP CAR.

DOESN'T THAT SPREAD GERMS?

BECAUSE IT'S LIKE YOU GET IN

THERE, AND THE OTHER GUY A

BUTT GERM IS RIGHT THERE.

IT'S LIKE USING A PUBLIC

TOILET.

>> WELL.

>> Stephen: WHICH BY THE WAY

WOULD BE A GREAT THING TO

USE A ZIP CAR FOR.

HERE'S THE THING ABOUT

SHARING.

SHARES SEEMS MARXIST.

BECAUSE THE ZIP CAR BELONGS

TO THE WHOLE VILLAGE, YOU

KNOW?

I MEAN YOU KNOW, YOU CAN

FIND A-- IF YOU DON'T

BELIEVE ME YOU CAN LOOK UP

ONE OF MARXIST'S BOOKS IN

THE LIBRARY WHICH IS ANOTHER

PLACE WHERE THINGS ARE

SHARED.

DON'T YOU THINK THAT'S SORT

OF A SOCIALIST IDEA?

>> NO, NO.

>> Stephen: IT'S A

COLLECTIVE, IT'S A

COLLECTIVE CAR.

>> REMEMBER, COME UNS ARE

RELATED TO COMMUNITY.

AND THE INITIAL-- .

>> Stephen: THAT'S WHY I

DON'T BELIEVE IN COMMUNITY

EITHER.

I LIVE ON AN ESTATE.

>> ALL RIGHT, EXCELLENT.

>> NOT IN A COMMUNITY.

>> WELL A LOT OF

PEOPLE-- YOU SHARE.

>> I DO SHARE.

>> I DO.

>> I'M A MEMBER OF ZIP CAR,

A MEMBER OF EXCLUSIVE

RESORTS.

>> YOU WEREN'T THE PRESIDENT

OF IT.

>> SURE.

>> REALLY?

>> IT IS, IF THERE IS A

GENERATIONAL SHIFT I THINK A

LOT OF PEOPLE ARE USED TO

OWNERSHIP.

APPARENTLY YOU MIGHT BE ONE

OF THEM THERE ARE MORE AND

MORE PEOPLE THAT ACTUALLY

LIKE THE IDEA OF SHARING,

NOT ONLY BECAUSE IT SAVES

THEM MONEY BUT THEY ARE PART

OF A COMMUNITY THAT IS AWARE

OF THE ENVIRONMENT, A

GENERATIONAL SHIFT AWAY FROM

OWNERSHIP TO USE AND

EXPERIENCE.

>> I HAVE A BREAKTHROUGH

BUSINESS BASED ON THIS

MODEL.

IT'S CALLED TOASTERSTER,

OKAY.

I ONLY MY TOASTER FOR LIKE A

FEW MINUTES OF THE DAY.

SO WHY SHOULD I OWN A

TOASTER.

>> THAT'S A FAIR POINT.

>> Stephen: HOW IT WILL WORK

IS THERE THAT THERE WILL BE

A CENTRAL LOCATION IN NEW

YORK WHERE ALL THE TOASTERS

ARE KEPT.

AND WILL YOU GO CHECK OUT A

TOASTER FOR LIKE THE FIVE

MINUTES IT TAKES YOU TO MAKE

YOUR TOAST THEN RETURN IT TO

THE CENTRAL LOCATION FOR

LIKE A SMALL FEE.

>> THAT'S AN AWESOME IDEA.

WE WOULD LIKE TO TALK TO YOU

ABOUT FUNDING THAT.

>> Stephen: THAT'S THE

STUPIDEST IDEA.

I COULD POSSIBLY THINK OF.

>> BUT I THINK IF YOU KEEP

WORK ON IT YOU WILL IMPROVE

TON.

>> Stephen: LISTEN, WILL YOU

GIFT ME START UP MONEY.

>> I WOULD BE HAPPY TO BUT

WE NEED A HOTTER IDEA THAN

THAT.

>> Stephen: I NEED $25

MILLION.

THANK YOU STEVE CASE, THANK

YOU SO MUCH.

(CHEERS AND APPLAUSE)

>> Stephen: INTERNET

ENTREPRENEUR, REVOLUTION.

WE'LL BE

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