Michael Arrington, who foudned TechCrunch alongside Patrick Gallagher, his partner at partner at VantagePoint Venture PartnersCredit: Joi on Flickr. Some rights reserved.
A spokesman for AOL confirmed today that Arrington was stepping down from his editorial role following the setting up of CrunchFund, a new venture capital firm already invested in by TechCrunch owner AOL.
Arrington has founded the firm alongside Patrick Gallagher, his partner at partner at VantagePoint Venture Partners, according to TechCrunch's database of technology companies CrunchBase.
It is reported that AOL is now looking for a new managing editor for TechCrunch while Arrington will remain founding editor. It is also reported that he will continue to write for the site.
According to the Wall Street Journal co-editor Erick Schonfeld is to become the site's interim editor while the hunt for Arrington's replacement begins.
TechCrunch was bought by AOL last year, with the deal signed on stage at TechCrunch's Disrupt conference.
Free daily newsletter
- Tip: Here are five things for editors to remember when working with writers
- Inside Infomagical, Note to Self's crowdsourcing project to find out how people deal with information overload
- 5 reasons why publishers should consider developing a news app
- How can drones be used to generate data for in-depth journalism?
- How the virtual reality 'empathy machine' could affect storytelling