In what seems like an obvious conflict of interest, Fortune reports that Mike Arrington, founder of Aol's TechCrunch, is launching a venture capital fund to invest in start-up companies. Aol's TechCrunch specializes in reporting on start ups.
Arrington is notorious for trading access for coverage and has previously been criticized for investing in the industry. It's no surprise that he doesn't view this as a problem. He plays by his own rules, and makes no bones about that. Good for Mike.