Tech, Crunched: How the go-to site for startup news lost its way

In early 2005, Michael Arrington, a lawyer, and Keith Teare, an entrepreneur, started a fund called Archimedes Ventures. Their idea at the time was to invest in Web 2.0, meaning the nascent world of web apps. They built a few products at the time. One was an online classified ad service called Edge.io that was supposed to mimic Craigslist on every site …