Divine, Inc. (stylized in lowercase), originally Divine Interventures, was a company that invested in internet companies during the dot-com bubble. The company was originally modeled after CMGI but changed its business plan after the bubble burst.
The company's tagline was "an Internet Zaibatsu" and the company's goal was to create "a family of businesses that work collaboratively to create mutual opportunity and gain."[2]
In 2003, it filed bankruptcy and underwent liquidation after executives were accused of looting a subsidiary.
History
The company was founded by Andrew Filipowski in 1999.
The company had 38 people on board of directors, including Michael Jordan, and on February 3, 2001, 27 members resigned as the company attempted to streamline its management.[3]
In July 2000, as the dot-com bubble burst, the company became a