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When Bankruptcy Gives A Start-Up New Life

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After seeing the company he helped found, Recordant Inc., slide into bankruptcy, Marc Wallenstein has purchased its assets and plans to restart the company – but differently this time. Wallenstein, one of the first four employees and former vice president of sales at Recordant, a provider of sales analytics technology, said he purchased the company’s patents, software and trademarks at a bankruptcy auction last month for $1,000…

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Written by bandwidthbarn

May 12, 2009 at 6:05 pm

Posted in Entrepreneurship

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