TechCrunch's Michael Arrington Leaves Journalism, Enters Investment World

It's the kind of story whose twists and turns make you realize why Twitter can be useful.

TechCrunch's founder and coeditor, Michael Arrington, announced Thursday night that he'll be joining the investment world: He's starting a venture capital fund to invest in startups.

He also announced at the time that he'd be staying on with TechCrunch as founding blogger and writer.

But on Friday morning, after questions began being raised over conflicts of interest between Arrington's investees and the subjects covered in his highly read blog, AOL — which owns TechCrunch — began specifying its message, saying that Arrington was securely with AOL Ventures, the company's investment arm — and not with editorial like TechCrunch.

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