America Online, Inc.
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America Online (AOL) was an early Internet pioneer and leading provider of online services to consumers in the United States. The company was originally organized as Quantum Computer Services, a successor venture capital backed company to Control Video Corporation. Mr. Batterson played a crucial role in the successful transfer of technology from Control Video and the startup of Quantum, providing turnaround management, week-to-week capital funding, and other integral support as the company pivoted into America Online. As an initial investor in the firm, he was instrumental in recruiting the management team, including James Kimsey and Steve Case, that built AOL into the number one online service provider, and subsequently one of the largest multi-media firms in the world after its merger with Time/Warner.
Allstate’s $1.2 million investment in America Online, if held to the market high, would have been valued at over $5 billion. James Kimsey, co-founder and former Chief
Executive Officer and Chairman Emeritus of America Online, Inc. is a current BVC Advisory Board member.