Mike Arrington could announce CrunchFund to invest in startups
Mike Arrington is reportedly nearing the launch of his own investment unit to be named CrunchFund.
This would enable him to actively invest in startups.
Arrington is known for his TechCrunch blog which is usually the first place you would hear about new startups and other tech related breaking news.
AOL currently owns the TechCrunch network of blogs.
He has been investing in companies on an individual basis. This new venture might have the involvement of AOL.
Remains to be seen. We are likely to hear a lot more about it. One thing is for sure, the startups getting investments from CrunchFund are likely to get great PR from the TechCrunch network!