This platform attracts approximately 37 million viewers every month, thus demonstrating the site’s immense popularity. However, to reach such heights, TechCrunch had to demonstrate dedication, persistence, and hard work. Therefore, you can make money online, and there are many writers who have become millionaire bloggers such as the founders of TechCrunch.
Background Information on TechCrunch
The story of TechCrunch began in 2005 when its founder Michael Arrington published his first blog. The article was shedding light on companies that were escalating Web 2.0. By then, Arrington was a part-timer blogger, but his work was gaining popularity as well as attracting venture capital. The company was located at Arrington’s house, but today the American online publisher is located in the Bay Area.
In 2006, Arrington announced the acquisition of YouTube by Google, and this was the turning point of TechCrunch. From that time onwards, larger online and famous news media houses began quoting Arrington’s viewpoints on this acquisition. This was the start of TechCrunch’s success. Although Arrington is no longer the TechCrunch’s CEO, much of its success is attributed to him.
The Entrepreneurial Journey of Michael Arrington
Michael Arrington was engaged in different successful entrepreneurial ventures. The following are some of his remarkable endeavors.
- He abandoned his career as a lawyer in the merger and acquisition space to join Real names, and this project raised more than $100 million.
- He partnered with his friends to establish Achex, which is an online payment company.
- Arrington created Zip.ca, which is an online movie and DVD rental kiosk. Others were pool.com and Edgeio.
- He was a member of the board of directors of Foldera.
- Michael Arrington served as the COO of Razorgator.
Although he began blogging as a hobby, he later discovered that his useful posts were attracting a wider audience. For that reason, he began publishing several articles every day, and to create high-quality blogs, he needed great focus. He endeavored to produce excellent content articles each day, and in no time they gained popularity. This became the secret behind the TechCrunch success story.
The Growth of TechCrunch
TechCrunch grew to $10 million in the annual gross revenue, and in September 2010, AOL acquired TechCrunch at approximately $40 million. Arrington later resigned from his editorial position in September 2011. He established CrunchFund, which is a venture capital platform that supports technology startups. Arrington couldn’t edit a site that was covering the tech startup ecosystem, yet he was running a venture fund. Thus, he stepped down from TechCrunch due to conflict of interest.
When Arrington was working with TechCrunch, he ensured that all the articles were completely transparent since the two main pillars of TechCrunch are honesty and transparency. Today Arrington has a personal blog called UnCrunched, which has a similar foundation like TechCrunch. All his articles are pure nugget of truth, transparent, and about entrepreneurs.
On the other hand, TechCrunch is currently dedicated to covering technology news and startups, as well as reviewing innovative internet products and services. Further, the company is now a one-stop destination for startups. It is has established two startup competitions, namely TechCrunch Battlefield and TechCrunch Disrupt, which are held four times every year in London, LA, New York, and San Francisco.
These platforms support new ventures that have no prior press exposure. 15-30 startups are invited to pitch in front of judges who are entrepreneurs, technologists, investors, and a large live audience. The finalists are awarded $50,000 and the Disrupt Cup. Further, each contestant receives huge media and investors’ attention. For that reason, TechCrunch is a free platform that supports startups by matching them with investors.
The reason behind TechCrunch’s success as a one-stop destination for startups and investors is a huge database for startup ecosystem called Crunchbase. It contains details about startups, investors, and incubators. Other information is mergers, acquisitions, and funding. Since 2015, Crunchbase is a private entity after splitting from TechCrunch.
The Crunchies is an award ceremony that recognizes and rewards compelling startups, internet and technology-related innovations, and venture capitals. Thus, since 2005 to date, Arrington is concerned about the quality of the content that is published on these platforms and the current contributors to the blog are demonstrating a similar outlook. TechCrunch is a great viral blog in the history of blogs and the field of entrepreneurship.
The Secret of Becoming a Successful Blogger
Passion: Michael Arrington had an absolute passion for blogging about technology and entrepreneur.
Don’t Write With The View Of Making Money: Start blogging as a hobby, as Arrington did. It’s his story about the acquisition of YouTube by Google in 2006 that brought him into the limelight but not his efforts to become a millionaire that turned him into one.
Write, Write, and Write: Michael began blogging on a part-time basis because he was working as a lawyer. However, when his article became popular, he began writing more articles. As a result, making money online gave him freedom; thus, he resigned from his career as a lawyer and concentrated on blogging and other successful ventures such as establishing platforms to support and mentor the startups.
Michael Arrington is the founder of TechCrunch, who was a part-time blogger. His posts that were focusing on technology began attracting increased attention, and a result this blogger resigned from his career as a lawyer to focus on his writing job and engage in other ventures.
Arrington resigned as an editor when AOL acquired TechCrunch, and he established UnCrunched citing conflict of interest since the online publisher was covering the startups’ ecosystem while the later platform was funding and mentoring new entrepreneurs.
On the other hand, Arrington upheld TechCrunch’s two core values, namely honesty and transparency. He engaged in blogging out of passion and not to make money. As a result of his hard work, consistency, and quality content Michael Arrington rose from a mere tech blogger to TechCrunch.