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| Crain's Online: Tech Watch | January 22, 2001 |
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Martin-izing Divine's Stake
January 22, 2001 By Julie Johnsson Executive recruiter Ted Martin quietly bought back
divineInterVentures Inc.'s 25% stake in his business last fall,
exercising a clause that allowed Martin Partners LLC to undo the
$1.7-million investment — at no cost — during its first year
with the Internet incubator. Of the 52 companies once in
Divine's portfolio, Martin Partners is the first to successfully
shed its financial ties, a Divine spokeswoman confirms. "We
knew we wanted to buy our interest back if the market crashed,
and we did," Mr. Martin says.
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