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Non-Tech : Auric Goldfinger's Short List
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To: Sir Auric Goldfinger who wrote (7607)3/14/2001 6:04:31 PM
From: RockyBalboa  Read Replies (1) of 19428
 
---snip---

The move comes a few weeks after Chicago-based Divine announced it would reposition itself as a business software provider. Divine had styled itself as an ``Internet Zaibatsu,'' a concept borrowing from Japanese business structure to form a network of companies with shared interests.

At least Divine is still operating -- unlike New York-based Efinanceworks. Late last month, the niche incubator said it would return nearly $150 million to its founders, venture capital firms General Atlantic Partners and Capital Z.

Efinanceworks was launched to invest in start-ups working on Web-based financial services technology. Its backers, however, concluded they could directly manage Efinanceworks' 13 portfolio companies.

dailynews.yahoo.com
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