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Patricof, Early AOL Backer, Wins With Huffington

Alan Patricof’s investment in America Online when it was a startup in the early 1980s came full circle when AOL Inc. said yesterday it was acquiring the Huffington Post, another one of his ventures, for $315 million.

“What goes around comes around, in a good way,” Patricof, whose 40-year career in the venture-capital industry includes early investments in Apple Inc., said in a telephone interview yesterday. “It’s been a successful investment for everyone.”