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Deal pairs `keiretsu,' `zaibatsu'
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With the Yesmail.com/CMGI deal, the keiretsu meets Chicago's own
zaibatsu.
CMGI Inc. has been called a keiretsu, a Japanese term for a group
of companies from diverse industries that work closely together to
help each other succeed. A keiretsu would include companies involved
in businesses such as financial services and steelmaking, consumer
electronics and auto retailing.
Meanwhile, divine interVentures, the Chicago-based holding company
for Internet start-ups modeled after CMGI...
Related newspaper, magazine, and journal articles from HighBeam Research
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Deal pairs `keiretsu,' `zaibatsu'
Chicago Sun-Times
; With the Yesmail.com/CMGI deal, the keiretsu meets Chicago's own zaibatsu. CMGI Inc. has been called a keiretsu, a Japanese term for a group of companies from diverse industries that work closely together to help each other succeed. A keiretsu would include companies involved in businesses such as
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High-tech fund ahead of game $100 million in venture capital pledged
Chicago Sun-Times
; Divine interVentures, the venture capital fund to boost Internet businesses in the Chicago area, is well on its way, having commitments of more than $100 million toward its $1 billion goal, according to the fund's moving force. Andrew J. "Flip" Filipowski, the software mogul behind divine
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Internet-Investment Firms Form Alliance in Austin, Texas.(Knight Ridder/Tribune Business News)
Knight Ridder/Tribune Business News
; ... you into one funding source, Fuka said. To see more of the Austin American-Statesman, or to subscribe to the newspaper, go to http://www.austin360.com (c) 2000, Austin American-Statesman, Texas. Distributed by Knight Ridder/Tribune Business News.
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Internet push exceeds goals
Chicago Sun-Times
; Divine interVentures Inc., the Chicago venture capital company, has surpassed its initial goal of raising $300 million to build the Internet economy in the Chicago area, the company's founder said Tuesday. Andrew J. "Flip" Filipowski, chief executive of divine interVentures, said, "We did
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Maybe God Can Help.(Divine Interventures lays off 18 of its 41 employees)(Company Operations)(Brief Article)
The Online Reporter
; The folks at Divine Interventures, a dot-com VC firm, have hit their knees to pray for survival, but if the Big Guy can't come through right away, they figured getting rid of some payroll might help. So the company laid off 18 of its 41 employees. Its president and COO resigned in September and one
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Price cut for divine IPO Offering now set for $9 to $10 range
Chicago Sun-Times
; Another day, another costly delay. Investment banker Robertson Stephens lowered the price range for divine interVentures inc.'s initial public offering to $9 to $10 a share, down from $13 to $15. That shaves $57 million to $70 million off the amount the Lisle- based Internet incubator will raise
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 "Daily Herald (Arlington Heights, IL)")
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Another resignation hits Divine; Buzz, CEO have different views.(Business)
Daily Herald (Arlington Heights, IL)
; Byline: Anna Marie Kukec Daily Herald Business Writer The president and chief executive officer of Buzz MSP, the public relations arm of Divine InterVentures, resigned suddenly on Thursday. Karen Andre, 35, said she differed with the ever-evolving vision for Buzz and decided to step down. Her
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How ex-partner flipped for divine, why he left Thornton examines firm's development
Chicago Sun-Times
; From the cornfields of his family farm in rural Downstate Ottawa to the center of the storm at divine interVentures, Tom Thornton has had an unusual journey. While president of the Illinois Coalition in 1994, Thornton worked with Flip Filipowski, then CEO of Platinum Technology. He was captivated
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Editorial: Lesson of divine offering: Start modestly and build.(Brief Article)
Crain's Chicago Business
; The somber tale of divine interVentures Inc.'s IPO offers a lesson on the improbability of building giant companies overnight. And it also demonstrates that old economy cities like Chicago don't turn into high-tech meccas overnight. It was difficult not to be swept up in Andrew Flip Filipow-ski's
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Business Briefs.(Business)
Daily Herald (Arlington Heights, IL)
; Divine Interventures startups face layoffs CHICAGO - Thirteen Web companies operating under Internet incubator Divine Interventures are undergoing restructuring and are considering layoffs over the next few weeks, Divine spokesman Dave Onak said Monday. Onak declined to specify the number of
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