Michael Arrington creating VC fund, reports say
Michael Arrington, the founder and co-editor of TechCrunch, is forming a venture capital fund to invest in some of the startups his bloggers write about, according to a Fortune report.
The $20 million CrunchFund will reportedly be funded primarily by AOL, which bought TechCrunch last year, as well as venture capital firms such as Sequoia Capital, Kleiner Perkins Caufield & Byers, and Greylock Partners.
Arrington and AOL did not respond to requests for comment.
Although the arrangement flies in the face of traditional journalism's principles of avoiding conflicts of interest, Arrington told The New York Times that the fund'… Read more