TechCrunch founder starts venture capital fund

Sep 02, 2011

(AP) -- Michael Arrington, founder of popular tech blog TechCrunch, is starting a venture capital firm with an initial $20 million to invest in the same kinds of startups that TechCrunch often covers.

The fund's investors include tech company AOL Inc., which bought last year for an undisclosed amount, and a number of prominent venture capital firms such as Greylock partners, Kleiner Perkins Caufield & Byers and Sequoia Capital.

Arrington will be heading up the fund with Patrick Gallagher, who is a partner at VantagePoint Capital Partners.

According to a media reports, Arrington will no longer be TechCrunch's editor, but his involvement in the site beyond that remains unclear. AOL did not respond to multiple requests for comment Friday.

Explore further: Jury says Silicon Valley firm did not discriminate (Update)

5 /5 (1 vote)
add to favorites email to friend print save as pdf

Related Stories

AOL to buy tech blog TechCrunch

Sep 28, 2010

(AP) -- AOL Inc. said Tuesday that it will buy technology blog TechCrunch and its sister sites for an undisclosed amount in a bid to expand its news production.

Groupon raises $950 mln in new funding

Jan 10, 2011

Internet bargain coupon phenomenon Groupon said Monday it had raised $950 million in the past month to invest in technology, fund its global expansion and compensate company employees and early investors.

Recommended for you

Intel in talks with Altera on tie-up

Mar 27, 2015

US tech giant Intel is in talks with rival Altera on a tie-up to broaden the chipmaker's product line amid growth in Internet-connected devices, the Wall Street Journal reported Friday.

Apple chief Cook to give his wealth away: Fortune

Mar 27, 2015

Apple chief Tim Cook is joining Mark Zuckerberg, Bill Gates and other technology titans who have vowed to donate their wealth to charities, according to a report in Fortune magazine.

BlackBerry tops 4Q profit forecasts

Mar 27, 2015

BlackBerry posted a surprise profit in the fourth quarter, but saw a sharp drop-off in revenue as the once-iconic smartphone company said it reached the halfway mark of its turnaround effort.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.