My take… what will become of TechCrunch? Will the content change and really, does it matter. I’m already use to going to the site and I don’t think I’ll stop just because AOL is the parent company. Here’s what AOL’s Daily Finance reports: “TechCrunch will retain its editorial independence and remain headquartered in San Francisco. (TechCrunch founder Michael) Arrington says he’ll remain with the company for at least three years. Terms of the deal were not disclosed, but estimates range from $25 million to $50 million.”
See full article from DailyFinance: http://srph.it/a0FKPy
By now you must have heard the news that AOL has acquired us. Here are videos of the on stage signing of the agreement and an interview with AOL CEO Tim Armstrong immediately afterwards.
So how did all this happen? And What happens to TechCrunch now?
In May I had a chance to interview Tim on stage at TechCrunch Disrupt: New York. After the talk we went to the speaker room for a quick private chat (this happens after most talks unless the speaker has to rush out).
Tim asked me how things were going at TechCrunch. I told him I was exhausted after five years but that a recent move to Seattle made it easier to balance my life. I joked that I was half retired.
“That’s too bad, he said, we’d love to acquire you but we’d need to know you would stick around.”
“Wait. What? Yeah I’m great! Lots of energy, I’m having so much fun! Will probably do this for the rest of my life.”
We laughed, and that was the end of any conversations for a while. But Sometime in late July conversations started again. And most of the conversations were about our commitment to keep doing what we do.
The truth is I was tired. But I wasn’t tired of writing, or speaking at events. I was tired of our endless tech problems, our inability to find enough talented engineers who wanted to work, ultimately, on blog and CrunchBase software. And when we did find those engineers, as we so often did, how to keep them happy. Unlike most startups in Silicon Valley, the center of attention at TechCrunch is squarely on the writers. It’s certainly not an engineering driven company.
AOL of course fixes that problem perfectly. They run the largest blogging network in the world and if we sold to them we’d never have to worry about tech issues again. We could focus our engineering resources on higher end things and I, for one, could spend more of my day writing and a lot less time dealing with other stuff.