Tim Armstrong: We Got TechCrunch • Hacker News Board

Re: Tim Armstrong: We Got TechCrunch

#31

Post by mikeryan » Tue, Sep 28, 2010, 5:00 PM UTC

bretthellman wrote: post #9

bretthellman wrote: post #5

Anyone know for how much $$$ ?

I'm guessing for $80 million

So weblogs inc went for $25M in 2005. I'm thinking somewhere in between your number and that. maybe $30-35M

fun game though ;-P

Re: Tim Armstrong: We Got TechCrunch

#32

Post by raheemm » Tue, Sep 28, 2010, 5:00 PM UTC

bretthellman wrote: post #5

Anyone know for how much $$$ ?

$100 million. I figure Mike has no reason to sell unless its a sweet offer - TC has good revenue, its growing, and he has a good team running it.

Re: Tim Armstrong: We Got TechCrunch

#33

Post by rishi » Tue, Sep 28, 2010, 5:02 PM UTC

Not sure what to think. I really like TechCrunch and hope it stays awesome.

Re: Tim Armstrong: We Got TechCrunch

#34

Post by benologist » Tue, Sep 28, 2010, 5:03 PM UTC

Coming soon ... more ads, less journalizm!

Re: Tim Armstrong: We Got TechCrunch

#35

Post by _delirium » Tue, Sep 28, 2010, 5:04 PM UTC

bond wrote: post #10

So we were right to suspect the move to Seattle was tax based...

Wonder what this'll do for his first-hand reporting on Silicon Valley. If you've moved out of a state for tax reasons, you generally have to be physically absent from the state the majority of the time--- you can't "move" but still live there 11 out of 12 months. (For California, you also have to stay moved for at least 4 years, or else your sub-4-year move might be deemed merely a temporary absence with intent to return.)

Re: Tim Armstrong: We Got TechCrunch

#36

Post by kloncks » Tue, Sep 28, 2010, 5:05 PM UTC

Best comment from TechCrunch:

"Shouldn't Techcrunch be acquiring AOL?"

Re: Tim Armstrong: We Got TechCrunch

#37

Post by joshfinnie » Tue, Sep 28, 2010, 5:05 PM UTC

hop wrote: post #28

I wonder if TC was owned 100% by Arrington. That would be a big check in the mail. Hope the rest of the writers there get some dough.

I have heard that Arrington is the majority owner (by a large scale). I think the CEO and a third person own a small share. I will look for the source I am remembering...

Re: Tim Armstrong: We Got TechCrunch

#38

Post by razin » Tue, Sep 28, 2010, 5:06 PM UTC

hop wrote: post #28

I wonder if TC was owned 100% by Arrington. That would be a big check in the mail. Hope the rest of the writers there get some dough.

According to Scoble (http://scobleizer.com/2010/09/28/techcrunch-disrupted-by-aol...), Arrington owns a "...majority share, with Heather (Harde) owning a healthy share, and Keith (Teare) owning a far smaller share."

Re: Tim Armstrong: We Got TechCrunch

#39

Post by vgurgov » Tue, Sep 28, 2010, 5:08 PM UTC

bond wrote: post #10

So we were right to suspect the move to Seattle was tax based...

am I the only one who thinks that IF its really the case, its kinda ... unfair. cmn, MA is good writer and he 100% deserves his money but he made it writing about SV! I think CA certainly deserve its 10,3% back, hey?

Re: Tim Armstrong: We Got TechCrunch

#40

Post by thereticent » Tue, Sep 28, 2010, 5:08 PM UTC

mikeryan wrote: post #27

ck2 wrote: post #15

The only problem is AOL has driven every acquisition into the ground: http://en.wikipedia.org/wiki/List_of_acquisitions_by_AOL But still, congrats to the TechCrunch bunch.

Weblogs Inc seems to be doing okay, not sure if this would be much different.

I agree. The major difference between Weblogs Inc/TC and many of the other acquisitions is that they serve audience-relevant content (to use Armstrong's words). It makes sense that AOL would focus more on high-quality content than on vehicles for content delivery in light of the Weblogs Inc success.