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Comment by evoxed | Hacker News Reader

“I don’t know anything. No one tells me anything. I am not in the least bit interested [in buying back TechCrunch]. I was Team Pando all the way until Sarah Lacy fired me. That does not change my position on TechCrunch.”

Can anyone explain? I've got a grasp on the business side of most of this but what role did he play at PandoDaily, and why was he fired by the founder and author of the article?

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She is an egocentric person who could not handle the fact that he wanted to help both her company and TC, the brand that he spent many years of his life building. So she kicked him off the board in a completely immature way.

Not getting involved in blog politics, but Arrington/Crunchfund is an investor in Pando, TC is a competitor, the Pando Execs and board likely made a decision based on the competitive environment.

I can see for a generic company with investors A, B, and C; if B decided to get involved with a competitor, the board and execs might make plans accordingly. We've seen this in the seed VC world with express decisions to not invest in competing companies.

Basically Sarah Lacy was upset that Arrington et al would still participate in TechCrunch-related events.

Here is Arrington's side: http://uncrunched.com/2012/04/09/about-pando/

Here is a short blurb by MG Siegler: http://parislemon.com/post/20832114453/pando

Thanks, that clears things up.

Who gives a flying f---?

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