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American History 1988

``` Debt, economic decline, immigration; hippies, anti-government, freedom. At the end of the 1980s, a wave of change encompassed a country boy from the Rust Belt. As the gate for upward mobility was on the verge of closing, he struggled to move forward. College, Silicon Valley, entrepreneurship; HP, Apple, Microsoft. To become part of the 1%, or even 0.1%, he sacrificed a lot, but also gained a lot. ```

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418 Chs

Chapter 298: The Nasdaq Bell Ringer

"Mr. Kennedy?... No, it's fine... OK, we'll talk later."

Dean hung up the phone once again; he had lost count of how many calls that made.

Today, Intuit's IPO was buzzing not just on Nasdaq but also on his phone.

Just like with Clinton, in the final round of financing before the IPO, Dean had brought in many friends from Washington.

From the First Lady to the Supreme Court Justices, to Senators, Dean simply bundled their investments into a fund.

The fund's backers were all insiders, temporarily managed by a financial team appointed by Dean.

Usually, after a year, it would be liquidated, far earlier than the typical five-to-seven-year operation period of ordinary funds.

Moreover, even if someone wanted to cash out early, that was no problem; the fund would take care of it.

For these insiders, Dean only helped them cash in on the first wave of profits from the IPO.

That was more than enough, as today their investments had effortlessly more than tripled.