"The only way you can affect change as a writer is by achieving greatness; by becoming the best at your profession."
MG Siegler, the tech journalist turned VC, is leaving the CrunchFund for
He announced the move on his personal blog.
Here's his explanation of the move:
I’ve been talking with the Google Ventures team for a few months now. After getting to know the partners and hearing the vision for the fund laid out by managing partner Bill Maris, it became clear that this would ultimately be a perfect fit.
Google Ventures sits in a truly unique space within the venture capital industry. They have the resources to make investments at any stage, but more importantly, they have the talent and knowledge required to do so. The partnership is brimming with experience when it comes to starting companies, building products, and scaling.
The firm also has teams in place to help with basically everything an entrepreneur could ever need. These are the highest caliber people in their respective fields all working under one roof to help the portfolio.
Siegler's departure from the CrunchFund will certainly raise some eyebrows. CrunchFund is Mike Arrington's early stage investment fund. It was started while he was still at TechCrunch. Because of conflicts of interest, Arrington was forced out of TechCrunch.
When Siegler joined CrunchFund he bragged that he and Arrington had "destroyed tech blogging and redefined it" at TechCrunch, adding "That’s the goal here as well" with the CrunchFund.
We're not sure what happened, but he's moving on.