Mfarhanonline Social Media News: Michael Arrington, the editor of popular tech blog network TechCrunch has resigned and will run a $20 million venture capital fund run by the entity’s parent company, AOL, and other venture capital firms. Arrington will “continue to write for TechCrunch , but will have no editorial oversight,” an AOL rep told The Wall Street Journal . Erick Schonfeld, who had been co-editor of TechCrunch , will serve as interim editor until a replacement is found, according to the report. Arrington’s new fund, called CrunchFund, has backing from Accel Partners, Kleiner Perkins Caufield & Byers, Austin Ventures, Redpoint Ventures, Greylock Partners and Sequoia Capital, among others. When AOL bought TechCrunch in 2010, Arrington said he would remain a part of the blog network for at least three years. More About: aol , Michael Arrington , TechCrunch For more Media coverage: Follow Mfarhanonline Media on Twitter Become a Fan on Facebook Subscribe to the Media channel Download our free apps for Android , Mac , iPhone and iPad Social Media reviews series maintain by Mayya
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