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TechCrunch Founder Michael Arrington Parts Ways with AOL

Michael Arrington has finally parted ways with AOL after a week long tussle with the internet company.

AOL had, a few months back, acquired technology blog TechCrunch, which was founded by Arrington, for $30 million.

Things were going smooth till Arrington decided to start a new venture capital firm called CrunchFund, which would help power the start-ups that sometimes feature on the TechCrunch blog.

Despite the fact that AOL was backing the fund, it was against Arrington being on the TechCrunch blog, which covers start-ups and on a company that funds start-ups at the same time.

“It is no longer a good situation for me to stay,” Arrington said recently at a conference in San Francisco, WSJ (opens in new tab) reported. AOL meanwhile has said that it will continue to back his venture capital company.

The company has named Erick Schonfeld, a long time TechCrunch employee, as the new editor of the website. Schonfeld had joined TechCrunch back in 2007.

AOL will now have a hard time maintaining traffic on the website now that Arrington, who was known for its outspoken demeanour and Silicon Valley connections, has left the website.

Ravi Mandalia
Contributor

Ravi Mandalla was ITProPortal's Sub Editor (and a contributing writer) for two years from 2011. Based in Ahmedabad, India, Ravi is now the owner and founder of Parity Media Pvt. Ltd., a news and media company, which specializes in online publishing, technology news and analysis, reviews, web site traffic growth, web site UI. Ravi lists his specialist subjects as: Enterprise, IT, Technology, Gadgets, Business, High Net Worth Individuals, Online Publishing, Advertising, Marketing, Social Media, News, Reviews, Audio, Video, and Multi-Media. He has also previously worked as Dy. Manager - IT Security at (n)Code Solutions.