After graduating
Miami University in
Oxford, Ohio, in 1985 and
University of Michigan Law School in 1988, Davis went to work for Chicago-based law firm
Sidley Austin. In 1992, he joined
Tribune Media as senior counsel in the law department, handling acquisitions and transactions. At the age of 29, Davis became chief counsel to the
Chicago Cubs baseball team, becoming the youngest team attorney in
Major League Baseball. In 1995, Davis co-founded and became president of Tribune Media's new investment arm, called Tribune Ventures. In 1998, Davis joined
America Online as senior vice president of corporate development and was subsequently appointed president/COO of the AOL Interactive Properties Group, where he led the internet brands and businesses of AOL. In 2005, Davis and AOL co-founder
Steve Case launched venture capital firm Revolution LLC, based in
Washington, DC, which—as of March 2022—has invested more than $1.5 billion, including notable early investments in
Scopely,
Zipcar,
DraftKings,
Sportradar,
CLEAR and
BigCommerce. In 2003, Davis and Case purchased the Miraval Resort and Spa in
Tucson,
Arizona. In 2004, Davis and Case acquired the majority stake of start-up Exclusive Resorts, and Davis served as CEO of the company from 2005 to 2008. In 2016, Davis,
Ted Leonsis and
Peter Guber led an investment group that acquired majority ownership of esports team Team Liquid, which has twice won
ESPN’s e-sports Team of the Year. In January 2026 Davis announced that he was stepping down as chairman of PFL. == Personal life ==