Tag Archives: Michael Arrington
RUMOR: AOL Exploring Sale Of Engadget and TechCrunch
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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Categories America Online, AOL, Engadget, Michael Arrington, TechCrunch
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PandoDaily Removes Michael Arrington and MG Siegler As Contributors
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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Categories MG Siegler, Michael Arrington, PandoDaily, Sarah Lacy
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Shaker Raises $15 Million
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 Hires MG Siegler To CrunchFund
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]
Categories AOL, CrunchFund, MG Siegler, Michael Arrington, TechCrunch
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Arrington Officially Leaves AOL To Start Venture Fund
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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Categories AOL, Michael Arrington
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Michael Arrington Is Starting A Venture Capital Firm
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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Kevin Rose’s Milk Inc. Raises $1.5 Million
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]
Jason Calacanis Drops Lawsuit Against Michael Arrington [Blogger Fight]
Mahalo founder Jason Calacanis filed a lawsuit against TechCrunch in November 2010. Calacanis and Arrington are former partners on the TechCrunch50 events. Calacanis also wanted some proceeds from TechCrunch’s sale to AOL. One business day after Calacanis’ Launch Conference, he dropped the lawsuit against Arrington. [TechCrunch]
Categories Jason Calacanis, Mahalo, Michael Arrington, TechCrunch
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Jason Calacanis Files Lawsuit Against Michael Arrington Over TechCrunch50 Conference
[Jason Calacanis, left - Michael Arrington, right]
Jason Calacanis, the founder of Mahalo.com and co-founder of Weblogs, Inc. has filed a lawsuit against his former TechCrunch50 conference partner Michael Arrington. Arrington recently sold his blog TechCrunch to AOL for an estimated $25-$40 million and Aol gained ownership of the conference as part of the deal. Before the acquisition Arrington kicked out Calacanis from TechCrunch50 and rebranded it as TechCrunch Disrupt. Below is a post that Arrington wrote and a post that Calacanis wrote about the situation so you can get both perspectives.
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Categories Jason Calacanis, Michael Arrington, TechCrunch50
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Joojoo Tablet Ceasing Production
Chandrashekar Rathakrishnan, the founder of Fusion Garage announced that the joojoo will no longer be manufactured. The joojoo used to be known as the CrunchPad as the idea was conceived by TechCrunch founder Michael Arrington. The joojoo was a Linux-based tablet that would have WiFi and would be used mainly for surfing the web. Arrington formed a partnership with Fusion Garage, but it ended in a conflict. Arrington almost sued Fusion Garage as a result. Fusion Garage plans to manufacture a different kind of tablet with Android as the OS. [BoyGeniusReport]