America's hottest Entrepreneur: a challenge to Congress to legislate for entrepreneurship

He has led the disastrous merger of AOL and Time Warner, who now has his own investment firm, known as the "breaking the President". Article | Christopher Stephen Kess Biography was born in Hawaii Honolulu, after gaining a bachelor's degree in political science at Williams College in Massachusetts in 1983, after becoming the marketing director of 2000, the career reached its peak, AOL announced a merger with Time Warner, the United States online-Time Warner 2003, resigned from the position of the President of the company, two years after the establishment of their own investment companies in talking about entrepreneurship, Stephen case the most favorite word is "break the routine." In fact, the case used to be the chairman of the AOL board of Directors, and the Enterprise--revolution, which he founded 7 years ago, perfectly interprets the meaning of the word.　　In his eyes, the best companies should bring new ideas to consumers, shake the industry, and then subvert the industry. After the disastrous merger of AOL and Time Warner, Keith experienced a dark period of controversy and responsibility in the incident.　　In the controversial takeover, AOL contributed more than 160 billion dollars to buy Time Warner.　　After the incident, Keith eventually resigned as chairman of the Board in 2003, set up his own investment company two years later, and used personal assets to invest about $200 million in two start-ups, which are auto-sharing companies Zipcar and group buying websites livingsicial. At the end of 2011, Keith, together with former AOL colleague Ted Leonsis and Donn Davis, jointly funded 450 million dollars to set up a venture capital company called Revolution substituting.　　These funds will have 25 million to 50 million dollars to invest in companies that Keith calls "late-growth companies." In the past two years, Keith has also been involved in public affairs, advising the office and bipartisan law makers to improve the law on entrepreneurship, particularly as to what role entrepreneurs should play in the U.S. economic recovery. "He's a brand, and lawmakers in Congress are going to call him," said Virginia congressman Mark Warner, who has been a friend for years. "On Capitol Hill, case advocates legislating for entrepreneurs so they can get more capital investment, and help overseas companies access the U.S. market more easily." One of the companies ' main push Act (JOBS) allows entrepreneurs to raise money online, creating a popular web site today. Mr Obama signed the bill in April, and Keith was standing next to him at the signing ceremony. One months later, when Warner and three other senators signed the Business Act 2.0 on Capitol Hill,Keith's on the scene. Today, 54-Year-old Keith has become a profitable champion of American entrepreneurs.　　According to Forbes, his personal net worth has reached 1.5 billion dollars, and he is called the "President of the break" in the United States. Keith said: "The United States is a great country, we are the center of the world economy." However, our East Coast business model seems a little behind, especially compared to the companies near Silicon Valley. "Keith is accustomed to the most intelligent people." His wife Jean, now the CEO of a family business, said: "Keith always spares no effort to find smart people." And he will always have some great visions, and put that vision into action. "The Meaning of the Revolution Revolution Company is located in Washington, D.C., where Kester arranges the prestigious Tige Savage and Philippe Bourguignon here to manage the company. Savage, a former vice president of Time Warner, is now revolution's operational director. Bourguignon, the former CEO of Disney, who is now the vice-president of the Revolution Real Estate Department, is responsible for the investment in luxury property, as well as the CEO of exclusive resorts in Denver, a company that has many luxurious residences around the world,　　And 80% of these mansions are revolution. Bourguignon has accepted an invitation from a business school in Paris to become dean of the business school. Shortly before he took office, Keith invited him to join the revolution. "What attracts me is the chance to work side by shoulder with Keith." "At work, Bourguignon also have the opportunity to see the human side of the Keith, in case as the chairman of Aol-time Warner, he has been a feeling of distance, and even a detached to inaccessible feelings." After joining Revolution18 months, Bourguignon needs to return to Paris to mourn the death of his relatives. Keith told him how long it would take, and that you could stay in Paris as long as you wanted, and his position would remain for him all the time.　　Keith had a deep sense of the loss, and a year after acquiring Time Warner, Keith's brother was ruthlessly killed by a brain tumor. For Mr. and Mrs. Keyes, Bourguignon said: "They're all two people." They work with people they like, they respect us, and eventually they become close friends with us. Once one of us is in trouble, or because something is sad and frustrated, we are grateful that the case couple will be there for them. "As an investor, Keith and his partners are not going to help companies that are interested only in revolution cash," he said. Keith wanted to be part of the company's construction, especially for thoseInterested in long-term plans and strategies. "These people really want us to be able to help them build the company," he says. If these companies only want capital, then we will not be interested in him. "Last fall, revolution invested in a company in New York. The company, known as Gramercyone, describes the company as a company that "can book all the seats for people except restaurants". The company's CEO, Josh McCarter, said Keith and his partners were involved in a very supportive gesture.　　Keith asked his team to do a detailed study of all the executive positions, and he was very accessible as a partner. "They are very upright people," says McCarter. They provide feedback and help for our work every day compared to the other VCs we've worked with. They have not only provided us with capital, their trust and help so that we can complete the fastest pace of construction and development. "Revolution has now invested more than 20 companies. The revolution substituting has already invested in 3, and their goal is to invest about 12 companies. The first company they invested in was FedBid, which helped businesses and government agencies buy products in the reverse auction market online.　　Keith has said that the company will spend $1 billion a year on the federal government for 5 years. What are the factors that attract Keith to invest in the company? "I like great ideas," he says. Those who dare to conceive and dare to set long-term goals attract me most. I like ideas that are well planned for every step of the way, not rough ‘ ideas ’. He added: "If they really have a long-term vision, if they really want to break the routine and change the world, for these entrepreneurs, if they really need help in building the company, I will provide them." Revolution substituting let Keith become an entrepreneurial mentor. He enjoyed the position, perhaps because he did have countless intelligences to pass on to posterity. He had said that he had learned countless valuable lessons from the mistakes he had made, especially in the area of personnel appointments. "I think a lot of people have made mistakes in this area," he says. We will not be able to appoint the right people to do the right job, sometimes we will be overqualified, and we will meet those impostors when we use them. And sometimes, when it's time to make a change, we can't act immediately. "In the Time Warner merger, I took the post of CEO because I thought it would be the right deal," he said. After the merger of the company development is not good, mostly due to the shortcomings of personnel arrangements, everyone focused on different angles, they will have different ideas, which will have a collision. Eventually, the company had toBecause the personnel problem collapsed. Keith also learned valuable lessons from the wrong layering in the business environment. According to his description, the business world is made up of attacking and defending parties. "The entrepreneur is the attacking side, they want to change the status quo, subvert the status quo, in a more advanced way to work." The big companies in Fortune 500 are defenders, who want to maintain the existing model. "The merger of AOL and Time Warner has changed our character and we have turned from attacking to defensive." Existing big companies are playing the defensive side, not attacking. This gives entrepreneurs the opportunity to challenge the status of a big business if they have the capital and the expertise to succeed. "Legal protections for entrepreneurs now that Keith has lived in Washington and around the region for 30 years, he has been pushing the process of entrepreneurial legislation since the early 80, and has been accustomed to appointing executives in the form of elections.　　But until 2010, when Gary Locke, the US Secretary of Commerce, invited him to run the innovation and entrepreneurial work of the National Advisory Board, Keith had a say on Capitol Hill and formally began to make legal guarantees for entrepreneurs. As the entrepreneur's leader, Keith has helped push the signing of another business plan. 6 months later, Keith received a call from Locke, which the White House hopes will lead the US venture Partner program, one of Obama's entrepreneurial initiatives. Almost at the same time, Mr. Obama held hearings on jobs and competition and invited Keith to be the head of the Subcommittee to advise entrepreneurs and high-growth companies. It is reported that Keith and Obama in the same high school, that is located in Honolulu Punahou parochial.　　Keith and the future president met only a few times, as Obama was just a freshman and Keith was about to graduate. In the history of the United States, many presidential decrees have been open for 3 months, 6 months or even 1 years, and a hundreds of-page report has been written, and these reports have been shelved and dusty on the shelves of Washington. But Keith didn't want to deal with his task so rashly.　　He recommended a series of measures to change the economic environment for entrepreneurs, which led to discussions between Keith and the Republican and Democratic Senate, which eventually spawned the jobs bill we mentioned earlier. Warner a high opinion of Keith's role in signing the bill, saying: "I don't think the jobs bill will pass without his efforts." "The passage of the bill is seen as one of Washington's rarest achievements in recent years: two political parties working together to improve the economy." In pushing the bill forward, Keith insisted on bipartisan union (when asked about his own political stance, he said: "You can ask me, but I won't tell you.") ”)。 On the Democratic side, he and Warner and Delaware State Chris Coons togetherSecret job.　　And on the Republican side, he has a team with Kansas Congressman Jerry Moran and Florida State, Marco Bubio, and his old friend, Virginia State Volkswagen leader Eric Cantor. Cantor that Keith had joined the two parties through the JOBS Act: "Keith once said that I would help you get support at the White House." As a result, I got a vote from two members in the White House vote. Republicans and Democrats now seem to be concerned about the economy and unemployment, and data shows that all growth in the economy and jobs comes from small businesses. We are likely to help those entrepreneurs succeed and get the economy to grow again. And when we go through re-election, we can say to the voters:‘ I've done some work for the founders to benefit them and keep our country competitive.　　’ " In pushing the bill, Keith has shown that he is not afraid of the cumbersome legislative process as long as it can bring benefits to entrepreneurs. Some lawmakers who have witnessed the progress of the process have been amazed at how selflessly he can work, especially in the election year, when many believe that no bill will be passed at this particular time. "A lot of people I respect are telling me:‘ why do you spend your time doing this," Keith says. It's certainly not going to work out. I appreciate your enthusiasm, but you are wasting your time. ’ I will prove to them that they are naïve. "In retrospect of the process of pushing the legislation, Keith learned an important lesson, which was perseverance." He remembers that when AOL was just founded, only 3% of Americans would use the Internet and only 1 hours a week. "People don't seem to need the Internet, so the first thing we need to answer is:‘ why I believe one day people will need the web." And why the Internet will eventually be popularized. ’ If you can't answer such a question, you won't attract a good team, or attract capital, or attract partners. This theory applies equally to policy, recognizing not only the importance of policy, but also the possibility of development policy. "Keith hasn't stopped making changes in Washington," he said. These days, he is busy pushing the "Entrepreneurship Act 2.0" to pass. The bill facilitates American companies to hire foreign talent in technology, engineering and mathematics.　　The bill will also introduce two new types of visa, one that will allow foreign students to earn a degree in the United States, and the other to give permanent residency to foreigners who are successful in the United States. Keith believes the bill will help America acquire top talent and remain invincible in global competition. "Today, almost half of all international students are studying for a PhD and master's degree in science, engineering and mathematics at American universities.Bit。 We have a good education for them and then send them back to their home countries to start a business in another country and then compete with us. It's crazy to do that. "This bill will change immigration policy, so it is not as fast as the jobs bill." Keith doesn't think the new bill is perfect, nor does it think it will improve immigration policy in the United States.　　But he was quite certain that it was at least a good idea. "I'd rather have these well-educated challengers become Americans and let them become American entrepreneurs and compete with other countries," he said. To improve the economic environment, competition with other countries, the best way to let our culture has a tradition of entrepreneurship, policy, capital, talent to work together to make the United States in the lead. As other countries have come to realize, America has been an economic hegemon for the past century, relying on the tradition of entrepreneurship. "Keith sees his foray into Washington's political arena as the third climax of his career--the first time that AOL was founded, and the second time it was the creation of revolution.　　Although he studied political science at Williams College, he did not intend to become a politician. "Being a politician is not my goal," he says. But I think politicians are important to the country. I think I prefer to be an entrepreneur or mentor to an entrepreneur. People are more accustomed to linking my name to business than to politicians. "So where is Keith's future?" 10, 20 or 30 years later, will he still like what he is doing now? "I like to invest in work, just like my friend Warren Buffett." As long as I have influence, I hope to continue to work. We haven't solved all the economic problems in the world, and we have a lot of work to do. One of the founders ' mission is to build a better world. "It's not hard to imagine that when Keith is 80 years old, 85 years old, or even 90 years old, he still goes into business in America and continues to provide help and capital for startups and continue to use his knowledge and experience to help entrepreneurs." He will continue to invest, continue to be a mentor, continue to promote legislation, and above all, continue to break the law. Translation | Roux Cloud