As of Monday, April 9 the shareholders of PandoMedia voted to remove Michael Arrington as a director. Given the change in relationship we feel it’s inappropriate for CrunchFund’s partners Michael Arrington and MG Siegler to continue contributing to PandoDaily.
via pandodaily.com
Why?
Arrington has taken the news well, saying:
[…] the company notified me last week that they weren’t happy that I and MG Siegler (my partner at CrunchFund) were going to speak at TechCrunch Disrupt this coming May.
and
Even when I’m being thrown out, I support the entrepreneur. If Sarah feels that they’re better off without our involvement, I support her completely.
both quotes from Arrington’s post about the issue
Apparently, the fact that Arrington and fellow CrunchFund (< irony alert Re: that link…) partner MG Siegler are speaking at TechCrunch Disrupt was a firing offense. Siegler seemed as confused as Arrington, because PandoDaily founder Sarah Lacey knew about Arrington’s contractual obligation to speak at the conference when she took him on as an investor.
What confuses me though is that Lacey disabled comments on her post announcing Arrington’s removal.
Why? Well, it’s stupid to speculate, but I’m feeling stupid at the moment. Maybe comments were disabled…
I like PandoDaily. The writers are great, the focus is great, the content is great. And they have a healthy commenting community.
All parties concerned are too thick-skinned for 1 or 3 to be accurate. 2 has never stopped a popular website from leaving comments enabled before.
4 and 5 are doubtful because Lacey is smart enough to know both are good suggestions, depending on the topic in question and the nature of your publication.
6 would just mean Lacey isn’t truly in control over there, and I find that very hard to believe.
So, my speculation seems to have turned out just as stupidly as I had expected. Turns out I wasn’t the only one engaged in stupid speculation, though.
Incidentally, Business Insider's Matt Rosoff claims the Arrington/Siegler tag team at Disrupt “pissed off PandoDaily CEO Andrew Anker,” implying that Arrington’s post about the issue suggested that. It didn’t, and Rosoff doesn’t mention any other potential source for the Anker line at all. Stupid speculation FTW!
At the end of the day, people are talking about Pando, and that can’t be a bad thing.