Sept. 2 (Bloomberg) -- Kara Swisher, co-executive editor of AllthingsD, talks about AOL Inc.'s investment in a new fund for technology startups to be led by Michael Arrington, who resigned from his position as top editor of AOL’s TechCrunch blog, which he founded.
Arrington’s fund has raised $20 million from AOL and venture capital firms including Sequoia Capital, according to the people, who requested anonymity because the plans have not been made public. He will remain employed under AOL’s investment arm, while the company plans to find a new editor for TechCrunch, said the people. Swisher speaks with Emily Chang and Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)