Sarah Lacy, Mike Arrington to Start TechCrunch Rival

Former duo that attracted AOL to buy TechCrunch said to be close to new site.

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    NEWSLETTERS

    Getty Images for AOL
    AOL CEO Tim Armstrong and Sarah Lacy seen together at TechCrunch Disrupt.

    One thing is certain to happen when AOL chief Tim Armstrong and his editor Ariana Huffington meet later this week in New York City: A lot of head-scratching.

    Sarah Lacy, the former managing editor of AOL's prize purchase TechCrunch, is reportedly working on a new tech site that will likely rival her old site.

    Business Insider reports that Lacy will be working with another face familiar to AOL and TechCrunch,  Mike Arrington.

    The former found and editor of the tech site left to start a $20 million venture fund called CrunchFund.

    "Multiple sources" tell Business Insider that the site will be Lacy's and the money may come from Arrington's fund and the site will produce breaking news as well as short form stories.