oct 11, 1991 - "Ronald Lauder FormsVenture-Capital Firm" "Ronald S. Lauder...serves a chairman of the New York State Advisory Commission on Privatization" NY Times 1991, Oct 11

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"Ronald S. Lauder...has announced the formation of a venture-capital partnership with a former executive of E. M. Warburg, Pincus & Company...Mr. Lauder served as Ambassador to Austria from 1986 to 1987 and ran for mayor of New York in 1989. He serves a chairman of the New York State Advisory Commission on Privatization"