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  • It’s Done: Arrington Leaves “TechCrunch”

    Mr. Arrington, who founded the technology blog in 2005 and sold it to AOL for $30 million last September, said at a TechCrunch conference in San Francisco: “it is no longer a good situation for me to stay.”

    Michael Arrington ended a more-than-weeklong drama over his position at AOL Inc. by leaving the TechCrunch blog he founded, solving one problem for the struggling Internet giant but creating a new challenge at one of the few bright spots in its business.

    The move clears the way for Mr. Arrington to devote himself to a new venture-capital fund he launched this month, which had raised questions about whether he could continue to work for the technology blog while investing in the sector. But it also puts pressure on AOL to maintain TechCrunch’s traffic and business without its founder at a time when the site is one of its few content properties showing robust growth.

    Mr. Arrington, who founded the technology blog in 2005 and sold it to AOL for $30 million last September, said at a TechCrunch conference in San Francisco: “it is no longer a good situation for me to stay,” calling it “a sad day.” AOL said in a statement it would continue to invest in his fund.

    AOL named longtime TechCrunch staffer Erick Schonfeld editor of the Silicon Valley-based site. Mr. Schonfeld, who joined TechCrunch in 2007 and is based in New York, most recently worked as the site’s co-editor, overseeing editorial content and helping program conferences.

    For AOL, maintaining momentum at TechCrunch and the other websites it has acquired is crucial as the company attempts to revive its fortunes by building an ad-supported digital-media business to make up for revenue declines in its Internet access business. In the second quarter, AOL’s revenues fell 8.4% from the year earlier to $542.2 million.

    Read Full Story in the Wall Street Journal

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals
    calvin.wilson1@verizon.net
    http://twitter.com/Upstart__Nation

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