* Immigration key to creating U.S. jobs, Case believes
* Action by Congress this year is possible -Case
* Case rules out run for political office
(Reuters) - As he gathers with other movers and shakers at the White House on Thursday afternoon to witness President Barack Obama's signing of the Jobs Act, AOL Inc co-founder Steve Case is already thinking ahead to the next cause he can help champion behind the scenes: immigration reform.
"Our work's not done," Case told Reuters in an interview, adding that he would still pause to celebrate the passage of the Jobs Act, intended to help start-up companies raise money and hold initial public offerings. Case lobbied heavily for the new law, milking his connections in the Washington area to build consensus around the legislation.
Now that the Jobs Act is completed, making it easier for highly skilled immigrants to work in the United States is one of the most important issues facing the startup community, said Case, who runs Revolution LLC, a Washington-based venture investment firm. Revolution focuses on Internet plays and has backed companies ranging from deals company LivingSocial to short-term car-rental service Zipcar Inc.
Like many entrepreneurs, he favors legislation that would focus solely on skilled immigrants rather than trying to wrap in the contentious issue of illegal immigration.
Case believes there is a chance Congress could act before the November elections, given the success of the Jobs Act.
"The biggest battle was around the skepticism anything could get done in Washington in an election year," he said. "Momentum begets momentum."
But a narrowed bill may be controversial among some groups. Many constituents including Hispanic voters do not want to separate the issues of highly skilled immigrants from illegal immigrants, believing that pairing the two is the only way that action will be taken on the more difficult issue of illegal immigration.
Despite Case's optimism, Congress remains highly divided, with many members reluctant to pass anything that could be seen as a boon to Obama.
Immigrants founded or cofounded almost half of the 50 top venture-backed companies in the United States, according to a December study by the National Foundation for American Policy.
Of those 50 companies, 23 had at least one immigrant founder, the study found. In addition, 37 of the 50 companies employed at least one immigrant in a key management position such as chief technology officer.
Companies with immigrant founders include some of Silicon Valley's hot startups, such as textbook-rental service Chegg, founded by Indian Aayush Phumbhra and Briton Osman Rashid; online craft marketplace Etsy Inc, founded by Swiss entrepreneur Haim Schoppik; and Web publisher Glam Media, founded by Indians Samir Arora and Raj Narayan.
The countries that supplied the most founders included India, Israel, Canada, Iran and New Zealand, the study found, and the immigrant-founded companies created an average of 150 jobs.
The study looked at the top 50 venture-backed companies as measured by research firm VentureSource, based on factors such as company growth and the amount of capital raised. VentureSource considered only companies valued at less than $1 billion.
Case, who stepped down from the board of what was then called AOL Time Warner in 2003, rules out any eventual run for office. He said he sees his role as a bridge-builder between the political parties and investors.
"Revolution is really the main event," he said. "That's my core competency."
Copyright 2012 Thomson Reuters. Click for Restrictions.
Our 2024 Coverage Needs You
It's Another Trump-Biden Showdown — And We Need Your Help
The Future Of Democracy Is At Stake
Our 2024 Coverage Needs You
Your Loyalty Means The World To Us
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Contribute as little as $2 to keep our news free for all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
The 2024 election is heating up, and women's rights, health care, voting rights, and the very future of democracy are all at stake. Donald Trump will face Joe Biden in the most consequential vote of our time. And HuffPost will be there, covering every twist and turn. America's future hangs in the balance. Would you consider contributing to support our journalism and keep it free for all during this critical season?
HuffPost believes news should be accessible to everyone, regardless of their ability to pay for it. We rely on readers like you to help fund our work. Any contribution you can make — even as little as $2 — goes directly toward supporting the impactful journalism that we will continue to produce this year. Thank you for being part of our story.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
It's official: Donald Trump will face Joe Biden this fall in the presidential election. As we face the most consequential presidential election of our time, HuffPost is committed to bringing you up-to-date, accurate news about the 2024 race. While other outlets have retreated behind paywalls, you can trust our news will stay free.
But we can't do it without your help. Reader funding is one of the key ways we support our newsroom. Would you consider making a donation to help fund our news during this critical time? Your contributions are vital to supporting a free press.
Contribute as little as $2 to keep our journalism free and accessible to all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
Contribute as little as $2 to keep our news free for all.
Can't afford to donate? Support HuffPost by creating a free account and log in while you read.
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. Would you consider becoming a regular HuffPost contributor?
Dear HuffPost Reader
Thank you for your past contribution to HuffPost. We are sincerely grateful for readers like you who help us ensure that we can keep our journalism free for everyone.
The stakes are high this year, and our 2024 coverage could use continued support. If circumstances have changed since you last contributed, we hope you'll consider contributing to HuffPost once more.
Support HuffPostAlready contributed? Log in to hide these messages.