TechCrunch To Acquire F**ked Company

Apr 1st, 2007 | By | Category: General, Strange

techcrunchPopular tech-startup-fetish site TechCrunch announced today that it has agreed to acquire the assets of FuckedCompany, a website that features stories on dot com company failures. Assets to be transferred in the transaction include the domain name, all content on the site and other assets related to its business.

The combined company should be able to dramatically streamline its operations, since most of the sites covered in TechCrunch quickly show up in Fucked Company’s coverage of failed companies.

“We’re thrilled to be part of the TechCrunch team,” said Philip Kaplan, the founder and original editor of FuckedCompany. “We see this as the natural transition for our company as TechCrunch follows what is happening in the world of technology and start ups and Fucked Company tracks what happens when they fail. The combined company will be able to grow and stay relevant no matter what the current economic forecast.”

“I’m excited to be working with FuckedCompany, a website that helped define the extravagance of Web 1.0, and which serves as a constant reminder to entrepreneurs and venture capitalists that the market moves in cycles,” said Michael Arrington, founder of TechCrunch. “As the Web 2.0 movement cycles down, we can now focus on covering those startups that clearly aren’t going to make it to a liquidity event.”

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