That disclosure is pretty close to a lie with its alternate-history of Crunchfund. Arrington started Crunchfund in AOL's employ with AOL's money, and then they cut a check to Uber, and then some time later an AOL employee wrote this story about a company AOL is almost directly invested in.
http://www.nytimes.com/2011/09/02/technology/michael-arringt...