From Collapse to Creation: The Birth of Blackstone

This chapter explores the speaker's tumultuous journey following Lehman's acquisition by American Express, where they faced existential challenges leading to the creation of Blackstone. It recounts the personal and professional struggles of establishing credibility and navigating a competitive environment, while highlighting the emotional upheaval of transitioning from employee to entrepreneur. Through reflections on early failures, fundraising hurdles, and the evolution of decision-making practices, the speaker emphasizes integrity, collaboration, and the ongoing learning necessary for business success.