Michael Arrington, the editor of popular tech blog network TechCrunch has resigned and will run a $20 million venture capital fund run by the entity’s parent company, AOL, and other venture capital firms.
Arrington will “continue to write for TechCrunch, but will have no editorial oversight,” an AOL rep told The Wall Street Journal. Erick Schonfeld, who had been co-editor of TechCrunch, will serve as interim editor until a replacement is found, according to the report.
Arrington’s new fund, called CrunchFund, has backing from Accel Partners, Kleiner Perkins Caufield & Byers, Austin Ventures, Redpoint Ventures, Greylock Partners and Sequoia Capital, among others.
When AOL bought TechCrunch in 2010, Arrington said he would remain a part of the blog network for at least three years.
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Posted on Sat, 03 Sep 2011 03:08:01 +0000 at http://feeds.mashable.com/~r/Mashable/~3/2u90CwaxQLY/
Comments: http://mashable.com/2011/09/02/michael-arrington-resigns/#comments
Arrington will “continue to write for TechCrunch, but will have no editorial oversight,” an AOL rep told The Wall Street Journal. Erick Schonfeld, who had been co-editor of TechCrunch, will serve as interim editor until a replacement is found, according to the report.
Arrington’s new fund, called CrunchFund, has backing from Accel Partners, Kleiner Perkins Caufield & Byers, Austin Ventures, Redpoint Ventures, Greylock Partners and Sequoia Capital, among others.
When AOL bought TechCrunch in 2010, Arrington said he would remain a part of the blog network for at least three years.
More About: aol, Michael Arrington, TechCrunchFor more Media coverage:Follow Mashable Media on TwitterBecome a Fan on FacebookSubscribe to the Media channelDownload our free apps for Android, Mac, iPhone and iPad
Posted on Sat, 03 Sep 2011 03:08:01 +0000 at http://feeds.mashable.com/~r/Mashable/~3/2u90CwaxQLY/
Comments: http://mashable.com/2011/09/02/michael-arrington-resigns/#comments