The Transom

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Michael Arrington's I'm-Not-a-Journalist Defense

It was already apparent from headlines like “The Tech Press: Screw Them All,” but TechCrunch founder Michael Arrington is rather fond of the phrase, “I’m not a journalist.” No matter that the blog he founded dominates the sphere of reporting he adamantly disavows. This made itself apparent back in April when Mr. Arrington announced that he would restart his career as an angel investor in startups, even as he continued to write about them for his influential blog. With disclosures, of course.

AOL, which purchased TechCrunch back in September, was forced to issue him an exemption to the employee code of conduct.

Last week, Mr. Arrington bucked conventional ethics once again when it was reported that Mr. Arrington would be launching a $20 million dollar venture capital fund to (wait for it!) invest in startups like the kind covered on his blog. The list of investors in the fund reads like a cast of regulars from the webpages of TechCrunch. Venture capital firms like Kleiner Perkins Caufield & Byers, Greylock Partners and Sequoia Capital plunked down $1 million a piece, along with a who’s who of hot Internet investors like PayPal’s Marc Andreessen, Digg’s Kevin Rose, and Russian web billionaire Yuri Milner. The only head-scratcher in the bunch was the fund’s leading limited partner: Mr. Arrington’s employer, AOL, which is reported to have put up half the fund’s capital. Read More

The Transom

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Clinton Douses “Good-looking Rascal” Rick Perry at Firemen Party, Liu Dresses the Part

Before Bill Clinton walked onto the stage in the Hilton Hotel’s third-floor ballroom, he stood in the wings as the president of the International Association of Fire Fighters praised him for nearly six minutes.

“Simply put,” said  I.A.F.F. general president Harold Schaitberger, Mr. Clinton is “the kind of leader American workers need more of holding office today at every level of government.” Read More

The Lunch CROWD

Al Jazeera in the Grill

Not everything has moved to Lincoln Center for Fashion Week. Last Wednesday, Anna Wintour and Ralph Lauren ate lunch together right here at the Four Seasons Restaurant. Just the two of them! Harvey Weinstein was here last week, too, eating with a banker. And he kept the banker waiting, which must mean he is important, Read More

Prospective Tenants

Michael Kors Goes Shopping

Even exquisitely uncomfortable pointy-toed dress shoes can’t keep Michael Kors from practically any retail neighborhood in the city he so desires.

It reportedly took ages to lure the designer to check out Unago’s former space on Madison Avenue for his New York City flagship. But once they got him through the door, Read More