Steve Case: Don’t let the United States turn into Detroit

Steve Case: Don’t let the United States turn into Detroit

By Matt McFarland, Updated: December 3 at 12:05 pm

AOL co-founder Steve Case stressed the need for the United States to remain innovative Tuesday at an event hosted by the Aspen Institute in Washington. “We kind of led on the digital information revolution. We need to lead in the next revolution, otherwise our economy will start stagnating and we’ll never be able to solve some of the fiscal problems,” Case said.He spoke with optimism about American entrepreneurship and the economy, provided policy on immigration and innovation remains forward thinking. He cited Detroit as a warning of the dangers of complacency.

“A half century ago Detroit was the most innovative, entrepreneurial center in the country, arguably the world, because at the time the most innovative technology was the car,” Case said. “… You don’t want to get cocky or complacent like Detroit did and think you can rest on your laurels. You constantly have to reinvent yourself.”

He highlighted health care and education as areas ripe for a potential second Internet revolution in the next 25 years.

“We don’t all learn the same way. Different people process information in different kind of ways, but it’s pretty much a rote one-size-fits-all approach to learning,” Case said at the Innovation Economy, which was hosted at Carnegie Library.

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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