. Ken & Ben Lerer To Start Fund to Finance Startups
Huffington Post co-founder Ken Lerer and his son, Thrillist co-founder Ben Lerer, are closing the fund's, Lerer Media Ventures', first round "in the next few days," according to AllThingsD. Once completed, they will have "$7 million to put into angel/early stage investments- primarily in New York tech/media companies."
The father-and-son team have already done a few deals prior to the fund's formation, including Hot Potato, Paperless Post, and GDGT.
AllThingsD adds that "cynics" might call the fact that their investor list, which overlaps with the investors in Hot Potato and is tied into two other funds, "overly... cozy familiarity" and one that might cause startups to worry that their chance of funding needs to "find favor with the collective." On the flip side, the Web site notes that there could "be nothing wrong with like-minded investors who like to collaborate."
Previous:> 'Huffington Post': Best IPhone Apps For Thanksgiving
> FLM Salon Series Presents "What's IN Your Inbox?"
Comments