By Chloe Aiello

As technological innovation increasingly looks to reshape the core parts of modern human life, governmental regulation will be more common and more necessary ー and entrepreneurs need to learn to embrace it, former AOL CEO Steve Case told Cheddar in a wide-ranging interview.

"Over the next decade, because of the innovations that are so fundamental to everyday life ー how we stay healthy, how we move around cities, and things like that ー the government regulators' policy is going to be more important," Case said, speaking from the SALT investment conference in Las Vegas. "And the entrepreneurs of the future, who are going to build the iconic companies of the future, are going to need to understand that and embrace that, rather than run from that."

Entrepreneurs of the moment, however, seem to be struggling to accept regulation. Despite Facebook ($FB) CEO Mark Zuckerberg recently penning an op-ed in The Washington Post calling for "new rules" for the internet, Case said the social media platform, which boasts a massive user base of more than two billion people, has been "slow to react" to regulators, amid repeated data privacy scandals and the spread of misinformation on its platform.

"The government is going to be at the table in the next 10 or 20 years more than it was in the last 10 or 20 years. The smart innovators will figure that out early and be proactive and try to put policies in place that get in front of government regulation," Case added.

Case also discussed his investment firm Revolution and its Rise of the Rest seed fund, which aims to spread the funding and resources technology brings to places other than Silicon Valley. The Rise of the Rest road trip, kicked off in Orlando, Florida, on Apr. 29 before making its way across the Sunshine State and down to Puerto Rico, hosting pitch competitions in cities to find "great entrepreneurs building great companies."

"We want more of these break out entrepreneurs doing break out things. We just want to make sure at least some of those are in other parts of the country, because startups do create most of the jobs. And if we are only backing the startups in Silicon Valley ー not Ohio, or Pennsylvania, or Michigan, or other states ー more and more people in the middle of the country are going to feel kind of left behind by technology," Case said.

Case pointed out augmented reality startup Magic Leap, which is based in Plantation, Florida, as embodying the spirit of Rise of the Rest.

"They recruited hundreds of engineers who moved from places like Silicon Valley to South Florida. So it shows you ー and ties in with the Rise of the Rest theme ー you can build great companies everywhere, as long as you can attract the capital, and then attract the talent. And Magic Leap proved that," he said.

Produced by SkyBridge Capital, SALT is an investment conference produced biannually in the U.S. and Asia. Leaders in business and politics, including Mark Cuban, Jeff Sessions, and Nikki Haley, were invited to attend and speak at the 2019 conference.