Feeds

TechCrunch Arrington to helm $20m VC fund for startups

Vows he won't pimp his flippy flop-shops on blog

Security for virtualized datacentres

Nontreprenuers, rejoice! Memorably described by Nick Carr as the "Madame of the Web 2.0 Brothel", TechCrunch founder Michael Arrington is launching a $20m VC fund to invest in the kind of frivolous built-to-flip web startups pimped by the blog.

The fund is backed by AOL – which is also owner of TechCrunch. However Arrington argues that because he is relinquishing editorial oversight of the blog, there will be no conflict of interest. Uh huh. Arrington will still be writing for TechCrunch, we are told.

"We have a traditional understanding of journalism with the exception of TechCrunch, which is different but is transparent about it," AOL's chief executive Tim Armstrong told the New York Times. As The Atlantic points out, Arrington has consistently used his pulpit to promote the startups he invests in.

This isn't an original idea. Angel Investors' Ron Conway bought into Red Herring magazine to hype his dot com investments. As Joe Menn described it in his Napster book:

"Conway would give [Herring] editorial director Chris Alden, who was an Angel Investors limited partner, an update on the fund's new investments. Then he would walk down the hall and pitch the magazine's news staff on his startups."

And before that, MIT Media Lab guru Nicholas Negroponte provided the initial investment for WiReD magazine to promote Negroponte and the Lab's ground-breaking innovations, such as the furry alarm clock that runs away from you.

It's vanity publishing with a twist.

TechCrunch is the bible of new media marketing aspirants and budding nontrepreneurs – and its success owes a great deal to Arrington's uncanny ability to gauge the level of understanding of his audience. This was demonstrated by Ted Dziuba here, and here, where Arrington became confused about the difference between an operating system and a web browser. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.