Editor of TechCrunch Resigns [REPORT]

Credit:

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.