He's also interested in making it easier for small, private businesses to raise money through crowd-funding. The idea is to open the use of sites like IndieGoGo or Kickstarter, which are used to fund projects, to fund companies. He says they'll "unleash more capital and help more companies get started and scale."
Case seems to be thinking a lot about solving the government's problems, even with his fund. The first investment of his $450 million growth fund is in FedBid, a reverse auction for government projects, which is geared to help the government spend more efficiently.
Case says he doesn't want to make many investments, but wants to find the really breakout companies, with a multi-billion dollar potential. He's looking for the next Zipcar or LivingSocial, both companies he's invested in, and he sees real potential in the health care space. He pointed to one health care play he's made — called RunKeeper — which provides tools to track your health.
What about Facebook? He wouldn't comment on whether Facebook's valuation in the $80 billion range was too high. But he did say that Facebook is providing a great opportunity for companies to launch on its platform and scale quickly, and that its IPO will give other startups more access to capital. And he drew the comparison to AOL, saying it was one of the first truly social Internet companies decades ago.
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