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June 22, 2007 at 8:37 AM #61363
Anonymous
Guest

I had assumed that the Blackstone IPO was just a group of greedy, Johnny-come-latelys taking advantage of the outrageously loose money environment today.

I read in the Union-Buffoon this morning that the firm was founded in 1985 with $400K out of the founders’ pockets.

That’s actually a heart-warming story, to me.