At the TechCrunch Disrupt conference earlier this week Facebook CEO and co-founder Mark Zuckerberg took the stage to talk about the company. This includes the stock price, search, Instagram, and the rumor of a Facebook phone.
AOL is exploring the sale of technology websites Engadget and TechCrunch according to Sarah Lacy of PandoDaily.com. They are also considering selling off TUAW and Joystiq as a package along with those other two websites. The price they are seeking is around $70 to $100 million for all of the properties.
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The PandoDaily tech blog has removed CrunchFund partners Michael Arrington and MG Siegler as contributors. PandoDaily has also removed Arrington from the board of directors. Arrington said “This wasn’t a complete surprise to me, the company notified me last week that they weren’t happy that I and MG Siegler (my partner at CrunchFund) were going to speak at TechCrunch Disrupt this coming May.”
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Shaker is a virtual world startup based in Israel that has raised $15 million in a new round of funding. This round was led by Menlo Ventures’ Shervin Pishevar. Michael Arrington’s CrunchFund was already an investor in Shaker and they also participated in this round. Shaker was the champion at TechCrunch’s Disrupt conference.
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Michael Arrington has poached MG Siegler from AOL, Inc. (NYSE:AOL). Siegler was brought into AOL through the acquisition of TechCrunch, a tech blog founded by Arrington. TechCrunch was sold to AOL for roughly $25-$30 million. AOL is also an investor in CrunchFund. Siegler will become a general partner at CrunchFund. Siegler has been approached by numerous VC companies and other writing gigs since he became a top editor at TechCrunch. [Uncrunched]
AOL, Inc. has decided to let Michael Arrington loose. Michael Arrington was hired to AOL after the media company acquired technology blog TechCrunch.com. Erick Schonfeld will be replacing Arrington as the editor of TechCrunch. Below is the statement from AOL:
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Michael Arrington is best known for being the founder and co-editor of TechCrunch, a technology blog that sold to AOL for roughly $30 million. Now Arrington is planning on starting a venture capital company with Patrick Gallagher of VantagePoint Venture Partners. Their plan is to raise roughly $20 million and fund companies that are a seed or early stages. The company’s limited partner will be AOL. Several people believe that this will cause a major conflict of interest for companies written on the TechCrunch blog, but the the writers on that blog disclose all investment information if Arrington holds equity in the companies being profiled.
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Milk Inc. is a new company that was co-founded by Kevin Rose. Rose is the founder of Digg and co-founder of Revision3. Milk is essentially a company where several developers brainstorm technology and mobile ideas and works away at building them. If there isn’t any sudden traction, then the project gets shut down. Milk has raised $1.5 million in angel funding from well known investors. Investors include Mike Maples, Jr. (Floodgate), David Sze (Greylock Partners), Ron Conway, Dave Morin, Philip Rosedale, Evan Williams, Joshua Schachter, Ashton Kutcher, Michael Arrington, Philip Kaplan, Chris Sacca, Tony Hsieh, Gary Vaynerchuk, and several others. [VentureBeat]
