Re:Welcome To CrunchFund, MG Siegler
by wavephorm on Monday October 03, 2011 @06:49PM
(#3068519)
Techcrunch and everyone involved, including AOL, all seem incredibly shady.
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That was my first reaction too but when you think about it there is an internal logic here. Arrington was the overall editor so he had to go because he could skew coverage. Siegler is staying on but only covering Apple so CrunchFund can't influence his writing because Apple is way too big for them to invest in.
I mean, it's definitely right on the line but I'm not sure it crosses it.
Yeah, but the thing is Arrington sold, agreed to spend 2 years with AOL, then did something that is obviously a conflict of interest to get out of his obligation. As a startup would I want to make an agreement with someone like that?
Maybe AOL didn't make them sign any agreements, but the way they've bailed on Techcrunch, caused a shitstorm, and started up this fund and competing tech blog all feels really slimey. I can't imagine why any startup would want to accept money or work with them.
So my first thought on this thing, was doesn't Arrington have a non-solicit clause with AOL? Most people in tech do - they can't just go start a new company and take all their co-workers with them.