Office Hours with Dorm Room Fund

Art Bilger, Co-founder of Apollo Management


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In this episode, Tej Singh interviews Art Bilger, a Co-founder of Apollo Management. Art Bilger was gunning for Wall St. from a young age. He knew he wanted to be an investment banker from the age of 16; his first real job summer job was a runner for a Wall Street securities firm, back when you literally had to carry checks and securities. Art was fascinated by Wall St. from an early age, naturally leading him to enroll at Wharton and immersing himself in macroeconomics classes.

Art stayed at Apollo from its inception in July 1990 to 1994, when the firm began raising its third fund. It was then when Art knew it was time to move on, the reason being he had effectively been doing very similar things for 17 years now. (13 years at Drexel and four at Apollo.)

Art mentions the work he did at both Drexel and Apollo opened his eyes to other industries, like the media world. Art met Ted Turner in 1985 and became the investment banker for Turner Broadcasting, helping the company with a plethora of activities, from buying MGM and later Hanna-Barbera (which led to the birth of the Cartoon Network) to figuring out how to keep CNN out of bankruptcy in 1988.

In 1998, Bilger was an investor in Akamai Technology's $8 million Series A at a $31 million valuation. That number might seem lofty given the company had been founded less than a year ago at MIT, but pales in comparison to Akamai's current market cap of $10.3 billion.

His largest project since is WorkingNation, a non-profit he co-founded that uses "sleek media campaign[s] and institutional partnerships to awaken thought leaders and the public to structural job loss and the potential solutions."

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Office Hours with Dorm Room FundBy Dorm Room Fund

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