Why TechCrunch Was Sold to AOL

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

Amplify’d from techcrunch.com
 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.

Read more at techcrunch.com

 

Microsoft Co-Founder Paul Allen Sues Apple, AOL, Google, Facebook and… forget it… I’m running out of room!

It will be interesting to see how this all shakes out. “This isn’t a tiny company harassing a few big ones in hope of shaking loose some easy settlement cash,” ZDNet’s Ed Bott noted. “These patents were filed when the commercial web was still in its infancy.”

Amplify’d from www.thewrap.com

Goliath is going after a whole gang of Goliaths.

Microsoft co-founder Paul Allen is suing web giants Apple, Google, AOL, Facebook, eBay, Yahoo, YouTube and three of the nation’s biggest office supply stores (Office Depot, OfficeMax, Staples) alleging they infringed on web search-related patents his company, Interval Licensing, holds.

Allen filed the lawsuit in Seattle on Friday. He’s seeking unspecified damages.

Interval says that it holds patents on web-search technologies it developed in the early 1990s, and that the 11 companies named in the lawsuit violated those patents while developing their search and e-commerce businesses.

(Read the whole lawsuit.)

Facebook is vowing to fight the suit. “We believe this suit is completely without merit and we will fight it vigorously,”  spokesman Andrew Noyes said in a statement Friday afternoon. In another statement, Google added that the suit “reflects an unfortunate trend of people trying to compete in the courtroom instead of the marketplace.” (Representatives at the other companies named did not immediately respond or were unable to be reached.)

It’s hard to see how Allen would own the “technologies” claimed the patents, as they are more or less fundamental to how the internet works.

One patent is for an “invention” entitled “Browser for Use in Navigating a Body of Information, With Particular Application to Browsing Information Represented by Audiovisual Data”; another is called “Alerting Users to Items of Current Interest.”

Read more at www.thewrap.com