In what seems like an obvious conflict of stake , Fortune reports that Mike Arrington , founder of Aol ’s TechCrunch , is launching a venture capital store to enthrone in pop - up caller . Aol ’s TechCrunch specialize in reporting on start ups .
Arrington isnotorious for trading access for coverageand has previously been criticise for investing in the industry . It ’s no surprise that he does n’t view this as a job . He plays by his own rules , and get no bones about that . Good for Mike .
https://gizmodo.com/i-call-this-blackmail-5814035
But this is n’t just about Mike . Quite frankly , I ’m surprise by Aol ’s intimacy . Reports are that Aol is to be a basis investor in Arrington ’s $ 20 million “ CrunchFund . ” That ’s somewhat disgraceful . It means that not only will Aol ’s TechCrunch be report on the companies it invests in ( and their contender ) but that other Aol properties like the Huffington Post will have a financial incentive to give the fund ’s investments positivist insurance coverage .
I marvel how Mike ’s boss Arianna feels about all of this .
Update 2 : Mike ’s honcho Arianna Huffington announced thathe is no longer an Aol employee . This seem to be a sudden breach with what was reported yesterday . Even so , with Aol being a cornerstone investor in the $ 20 million CrunchFund that will finance companies covered by Aol TechCrunch and Aol Huffington Post , the move does slight to ease conflict of interest concerns .
( Update 1 : Aol ’s apparently attend to put back Mike Arrington . He ’ll still write for TechCrunch , but he “ will no longer have editorial control or decisiveness making . ” )
[ Photo byRandy Stewart / blog.stewtopia.com ]
you’re able to keep up with Mat Honan , the author of this post , onTwitter , Facebook , orGoogle+ .
Daily Newsletter
Get the best technical school , science , and refinement news in your inbox daily .
news show from the hereafter , delivered to your present .
