October 17, 2009
Michael Arrington, founder of Techcrunch, is a known preacher of ethics and disclosure and has hit out regularly at the MSM. Techcrunch has often been criticized to only promote startups who pay to be featured but so far none of these claims checked out according to former Valleywag contributor Paul Boutin.
Last night Arrington reported the upcoming sale of MCHammer’s DanceJam. So far, nothing special, just another acquisition of an online website which was reported by Techcrunch. Another day and people are still dying of starvation and crime. Life goes on.
But there’s one small detail about this news: Arrington is investor in DanceJam. The investment was disclosed in the post, with a small pinch of *whine* as he announced that the company had not announced the sale to him nor did respond to his email request.
Arrington cashes in as early, angel, investor, but things become really interesting when looking at a long post about ethics and disclosure, written by Arrington more than half a year ago: The Rules Apply To Everyone. In the post the former lawyer went as far as saying that Dave Winer’s credibility was shot because he didn’t disclose a sponsored placement in a feed reader: read more