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A Buyout Fund C.E.O. Got in Tax Evasion Trouble. Here’s Why Investors Shrugged.

Still, the low-key response to Mr. Smith’s tax violations stands in contrast to how a scandal played out involving Leon Black, a fellow private equity billionaire and a co-founder of Apollo Global Management. After the revelation, also last fall, that Mr. Black had paid Jeffrey Epstein, the disgraced financier and registered sex offender, tens of millions of dollars for tax and estate planning services, Apollo had an outside review conducted at Mr. Black’s behest. In January, Apollo announced that Mr. Black, 69, had done nothing wrong but would step down as chief executive by this summer and introduced several …

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Drupal’s journey from dorm-room project to billion-dollar exit

Twenty years ago Drupal and Acquia founder Dries Buytaert was a college student at the University of Antwerp. He wanted to put his burgeoning programming skills to work by building a communications tool for his dorm. That simple idea evolved over time into the open-source Drupal web content management system, and eventually a commercial company called Acquia built on top of it.
Buytaert would later raise over $180 million and exit in 2019 when the company was acquired by Vista Equity Partners for $1 billion, but it took 18 years of hard work to reach that point.

When Drupal came along in the early 2000 …

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