Jun 4, 2015 · 1 minute

After AOL's acquisition by Verizon, writers at the company's tech blog, TechCrunch, were assured that nothing would change.

Yes, Verizon recently shuttered its own tech blog after previously banning it from criticising the company's net neutrality stance.  And, yes, TechCrunch has previously covered Verizon's involvement in US government spying. But AOL CEO Tim Armstrong told TechCrunch writers that their jobs were safe under Verizon and TechCrunch passed that assurance along to readers.

What then are we to make of the exodus of staff from TechCrunch immediately after the announcement? First to go was co-editor Alexia Tsotsis -- leaving, we're told, to attend business school. Hours later, Susan Hobbs -- responsible for organizing TechCrunch's flagship Disrupt conference franchise -- also announced she was departing.

Today reporter Ryan Lawler is gone -- to become a venture capitalist at Dave McClure's 500 startups.

Now, sources tell Pando that the site's longest serving reporter -- East Coast editor John Biggs -- is meeting with venture capitalists to raise money for his own tech startup. We  hear he's already met with representatives from Boston based General Catalyst for what sources describe as a "tech/hardware play."

Earlier this year, Biggs posted on his blog that he is working on "Freemit" -- a "website and app to help the 3.6 billion travellers, students, and expats worldwide send money to and from different countries using a bitcoin-based transfer mechanism." In that post he confirms he would still be writing for TechCrunch.

According to AngelList, the company has raised a seed round of $120,000 from Bre Pettis, founder and CEO of Makerbot. As recently as April, Biggs was still covering Makerbot for TechCrunch, with the following one-line disclosure:

Disclosure: Former Makerbot CEO Bre Pettis is investing in a project I’m building.
I emailed Biggs -- a former TechCrunch colleague -- to ask if he's now raising venture capital for his project and, if so, whether this means he'll be next to leave AOL-Verizon. He replied, confirming he is raising money, and adding: "The info is out there but we haven't closed anything."

Maybe try 500 Startups?