AOL Co-Founder Steve Case Visits CBS SUNDAY MORNING Today

Investments made by AOL co-founder Steve Case's venture capital firm Revolution are inspired by ideas and people who believe in them, he tells Rita Braver in a wide-ranging interview for "The Money Issue"-themed edition of CBS SUNDAY MORNING WITH Charles Osgood to be broadcast today, March 24, 2013 (9:00 AM, ET) on the CBS Television Network.

Case, one of the original "wonder boys" of the computer world, helped make America Online (AOL) a top-earning stock in the 1990s, and then oversaw the historic merger with Time Warner in 2000. He now spends his days - and his fortune - looking for the next generation of companies to invest in through Revolution.

"It's really the idea that inspires us," he tells Braver. "And having a team that believes in that - that idea."

Since founding Revolution, Case has made major investments in some 20 companies, including LivingSocial, HelloWallet and Zipcar. Each company that Revolution invests in, Case tells Braver, has an unorthodox approach to doing business.

"You're only going to hit a home run if you really swing for the fences," he says. "And at Revolution we try to back the entrepreneurs that are swinging for the fences. But there's always going to be some risk associated with that."

Case talks with Braver about the Time Warner-AOL merger and what went wrong, his latest investments, his efforts to champion young entrepreneurs and his future.

There will always be some bumps in the road, he says. The key, he adds, is having passion and perseverance to get through the tough times. "That passion and really willing to be in it to win it over the long run, I think, is critically important for building any great company," he says.

Braver's interview with Case is part of CBS SUNDAY MORNING's annual "The Money Issue," featuring finance-themed segments. Rand Morrison is the executive producer.

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