Billionaire investor Steve Case says the failure of the 2000 AOL Time Warner mega merger taught him a crucial lesson about execution

Steve Case is the billionaire founding CEO of AOL and the head of Washington, DC-based venture-capital firm Revolution. In 2000, AOL bought Time Warner for $165 billion, making it the largest merger in history at the time. Case left in 2005, correctly predicting it was an unsustainable partnership. He said that the experience taught him that “vision without execution is hallucination.”

AOL’s founding CEO Steve Case embraced Time Warner head Jerry Levin and raised

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