Sarah Lacy is the author of “Once You’re Lucky, Twice You’re Good” and a columnist at BusinessWeek. Michael Arrington hired her to write for TechCrunch.com, but she quit shortly after the technology blog was acquired by AOL. Today it was announced that Lacy has started a new website called PandoDaily and it is backed with $2.5 million in funding. PandoDaily is a daily technology news blog and it will focus on the startup community. The website name was inspired by a colony of trees in Utah called Pando Trees.

When Sarah Lacy interviewed Spark Capital partner Bijan Sabet about the danger of venture capital firms investing in similar companies, she indirectly found out about some drama between Tumblr and BNTER after doing some follow-up investigation. Lacy found out from three sources that Spark Capital had reneged on a term sheet that was offered to BNTER, a start-up based in New York founded by Lauren Leto.