TechCrunch founder starts venture capital fund

September 2, 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: 575-million-dollar fund targets technology startups

0 shares

Related Stories

AOL to buy tech blog TechCrunch

September 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

January 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

How to curb emissions? Put a price on carbon

September 3, 2015

Literally putting a price on carbon pollution and other greenhouse gasses is the best approach for nurturing the rapid growth of renewable energy and reducing emissions.

Magnetic fields provide a new way to communicate wirelessly

September 1, 2015

Electrical engineers at the University of California, San Diego demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. The new technology could offer a lower power ...

For these 'cyborgs', keys are so yesterday

September 4, 2015

Punching in security codes to deactivate the alarm at his store became a thing of the past for Jowan Oesterlund when he implanted a chip into his hand about 18 months ago.

0 comments

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.