The TechCrunch50 is out and again the list reads like a self-parody. Shryk? Swype? There is one interesting startup on the list, however: Fotonauts. Not because we know or care to know what Fotonauts does. We're just intrigued by Fotonauts president Keith Teare's habit of saying he owns 10 percent of TechCrunch. Isn't that a refreshing bit of honesty about how a list like the TechCrunch50 gets put together?

Arrington himself describes Teare as someone "who formerly cofounded Edgeio with me," leaving out Teare's relationship with TechCrunch. As we understand it, Arrington and Teare swapped 10 percent stakes in their companies. Since Edgeio, an online classifieds startup, went under, we suppose that makes Teare the better dealmaker of the two. He's also more brutally honest. On his LinkedIn profile, Teare says of himself: "I am Mike Arrington's business partner in TechCrunch. I'm the one who advised him not to do it. :-)"

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