TechCrunch: We Are Not For Sale
TechCrunch editors Eric Eldon and Alexia Tsotsis said “we’re not being sold.” Instead TechCrunch has hired a bunch of “brilliant writers and a new COO.” Over 1,000 people attended their TechCrunch NYC meet-up last night as well. Traffic has been up with regards to unique visits year over year. They did hear about sales rumors as well with interest supposedly from Jason Calacanis.
“It’s actually amazing how much bullshit information/spin is out there (so be careful what you believe),” they wrote. AOL CEO Tim Armstrong and several other AOL executives decided that it might be a smart idea to turn TechCrunch, Engadget, and other tech properties into their own company valued at $200 million. Andreessen Horowitz and other angel investors almost considered putting $40 million into that new company for a 20% share. AOL would have 80% of it.
The plan was scrapped and AOL decided to keep 100% of all of the entities.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry