Huffington Post which has changed how journalism is perceived in modern world bears the name of her co-founder Arianne Huffington. Arianne is a known name in the media industry today. After having spent eleven years with her brain child ‘Huffington Post’, she has decided to step down to focus on her new venture- a wellness startup.
The editor-in-chief and President of the online news aggregator and blog told an online daily on Thursday about her decision to leave the company after she secured funding for her wellness startup, Thrive Global, last week.
She also made a formal announcement on her Twitter account this morning, tweeting:
I thought HuffPost would be my last act. But I’ve decided to step down as HuffPost’s editor-in-chief to run my new venture, Thrive Global.
Thrive Global focuses on improving people’s health and increase productivity for both companies and individuals by reducing stress and exhaustion. It provides trainings, seminars, e-courses, coaching, and ongoing support based on the latest scientific findings from experts in the fields of neuroscience, psychology, productivity, sports, and sleep, stated a note on its website.
Thrive has partnered with Accenture for its pilot trainings and workshops. Arianne has plans to launch Thrive in the fall of 2016 through strategic partnerships with thought leaders like Adam Grant and Wharton People Analytics, and Dr. Ali Rezai, neurosurgeon and Director of Neuromodulation at The Ohio State University.
Thrive’s Series A round was led by Lerer Hippeau Ventures, the venture firm founded by Huffington’s HP cofounder, Ken Lerer, and former HuffPost CEO Eric Hippeau. It also saw participation from Blue Pool Capital, Greycroft Partners, Advancit Capital, Female Founders Fund, Zoë Baird, Nicolas Berggruen, Joanna Coles, Ray Dalio, Mohamed El-Erian, Nick Green, Gunnar Lovelace, Fred Harman, Isabella Huffington, Andre Iguodala, and Sean Parker.
“When I decided to create Thrive Global, I thought it would be possible to build a startup and continue as editor-in-chief of the Huffington Post. Today, it’s clear that was an illusion. As Thrive Global moved from an idea to a reality, with investors, staff, and offices, it became clear to me that I simply couldn’t do justice to both companies.”, said Arianne in a statement.
Huff Post was acquired by AOL in 2011 for a sum of USD 315 mn. AOL was later acquired by US telecom giant Verizon for USD 4.4 bn. In 2014, Huffington Post entered into a strategic partnership with the Times of India group to launch the website’ Indian edition.