I worked for TC for a long time and lived and worked in the same house as Mike for almost 4 years, so I know how he works very well.

First, Compete totally gets Techcrunch traffic wrong. Not only the numbers, but the trends would totally not match up with our own internal Google Analytics, and even the data such as top referrers etc. were way off. Compete should not be used as supporting evidence that Techcrunch is fading.

The number of re-tweets, comments, referral traffic, twitter subscribers, Techememe headlines, HN headlines, story leads etc. is as high as ever. Monthly uniques are nowhere near the 1M compete would want us to believe they are.

There are a few different types of blogger. Those who don't get access to stories and rely on press releases, generally boring. Then there are those who get access to information, but refuse to post about it for fear of pissing somebody off, just as boring and probably worse than the first type. Then there is the type of blogger who gets access to information, and has no problem stepping on toes to get the information out.

Mike is of this variety. You could say that he is the prime example of the new breed of process journalist - he would rather a (now rather low) error rate on 1-2% of stories in order to get the other 98% out there for the audience. I have intimate knowledge of how he works and how he puts stories together - to the extent that even now, with him on the other side of the world, I can read a story on headline and put together what went on behind the scenes to get this story out (such as the Facebook stock story). He is constantly on the phone and emailing people. He literally has hundreds of people on speed dial, on skype and in his email contact list - he would send dozens of single-line emails each day building information up around the story, and over the years has gotten very good at both extracting responses from people first, and then figuring out what is really happening by triangulating.

Sometimes the stories are posted a little early, and you see that process play out through a post being edited or through multiple posts that make up a larger story (like Scamville, and almost certainly this Facebook stock story). Arrington and his stories reflect the scene - if he is pumping a startup, it is because through talking to dozens of investors he keeps hearing about it. He rarely is the first to step out, but is a lot better at capturing mood and opinion and then amplifying it. He can also put his finger on what is wrong and what is right - and Angelgate was an example of that.

That also applies to this Facebook stock story. Do you really think he would just pick on him for no reason? Or is it more likely that he got a tip about it, confirmed it with one more person, phoned Facebook to talk about it (who asked to be off the record), contacted the guy in question, and then posted the story? A blogger who just makes things up and is wrong would never have an audience.

You only ever have to talk to anybody who has worked with Mike, any startup who has gone through the process with him, or any other blogger who respects that process, to understand that there is something special going on there. Mike has a lot of people he can count on in his circle and within the industry because of that. I watched him approach almost every word in a post with a lawyer's caution - he would constantly review even after a post is published and the possibility of not getting something right totally eats at him (to the point where he can't sleep). You have completely mischaracterized him as being careless, from a guy who used to wake me up at 5am just to check the smallest details of a story. Just shows that you totally do not understand what and who you are trying to diss at.

If you don't like this style of story - then don't read it. There are plenty of blogs that just churn out press release after press release and appease those who don't want to see the boat rocked. But don't attempt to string together poor traffic stats and two or three misses from a collection of thousands of hits into some narrative about Techcrunch failing.

If Techcrunch earned a dollar for ever blog post that has been written about it failing or jumping the shark then it could easily double revenue. Fact is that right now it still dominates startup news, is one of the main outlets to reach a startup audience if your are launching a product, and even with Mike writing less it is not fading anywhere - since his style is contagious and has been picked up by other writers.

I have seen this trend cycle of things being cool when new, and then suddenly uncool when popular, play out too many times not to be wise to it. There is nothing wrong with reading Techcrunch and other blogs, this isn't winner takes all. I enjoy reading HN, Reddit, The Startup Foundry, etc. This isn't grade school where you need to pick a team to be on and do your best to fight the other tribe (especially including personal attacks, which completely makes you cheap) - if you think you can do better in any way, try it, keep writing with Venturebeat and don't bitch about it - the readers and audience will decide based on quality not on preaching.