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Media Council Breakfast with Ken and Ben Lerer

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The Paley Center for Media

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Partner:: Paley Center for Media
Location:: Paley Center for Media
New York, NY
Event Date:: 01.24.12
Speakers:: Ken Lerer,; Ben Lerer
Tags:: lerer; huffington post; media; digital media; ecommerce; lerer media ventures

Summary: This Media Council Breakfast features father and son entrepreneurs Kenneth and Ben Lerer. Kenneth Lerer is a Manager of Lerer Ventures. He was the chairman and cofounder of The Huffington Post and is chairman of Betaworks, Bedrocket and Buzzfeed. He is a member of Pilot Group LLC, a private investment firm. In 2008-09, Lerer served as the Hearst New Media Professional-in-Residence at Columbia Journalism School. Ben Lerer is a Manager of Lerer Ventures and the cofounder and CEO of Thrillist.com, a leading men’s multi-platform lifestyle publication with over 3 million daily subscriptions in 19 localized markets in the U.S. and the U.K. Since its launch in 2005, Lerer has overseen the growth of Thrillist's marketing, sales and business development efforts, as well as its recent expansion into e-commerce with the acquisition of members only online retailer JackThreads.com and the launch of localized commerce platform Thrillist Rewards. Thrillist has been placed on Inc Magazine's list of the 500 fastest-growing private companies in the U.S. for two years running."

Bio

Ken Lerer

Kenneth Lerer is a Manager of Lerer Ventures. He was the chairman and cofounder of The Huffington Post and is chairman of Betaworks, Bedrocket and Buzzfeed. He is a member of Pilot Group LLC, a private investment firm. Lerer is chairman emeritus of the Public Theater in New York City and serves on the boards of directors of several nonprofit organizations, including Association to Benefit Children (ABC), the Bank Street College of Education and HealthRight International. In 2008-09, Lerer served as the Hearst New Media Professional-in-Residence at Columbia Journalism School.

Ben Lerer

Ben Lerer is a Manager of Lerer Ventures and the cofounder and CEO of Thrillist.com, a leading men’s multi-platform lifestyle publication with over 3 million daily subscriptions in 19 localized markets in the U.S. and the U.K. Since its launch in 2005, Lerer has overseen the growth of Thrillist's marketing, sales and business development efforts, as well as its recent expansion into e-commerce with the acquisition of members only online retailer JackThreads.com and the launch of localized commerce platform Thrillist Rewards. Thrillist has been placed on Inc Magazine's list of the 500 fastest-growing private companies in the U.S. for two years running. Lerer serves on the Board of Directors for the East River Development Alliance, a New York non-profit organization and is an Associate Member of the International Academy of Digital Arts & Sciences (IADAS).

Chapters

: Watch Full Program

42 min 52 sec

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01.: Introduction

02 min 23 sec

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02.: Speaker Introductions

01 min 21 sec

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03.: Father and Son Partnership

03 min 26 sec

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04.: Following in Father's Footsteps

04 min 34 sec

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05.: Business Acquisitions and Transition of Business Model

02 min 35 sec

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06.: The Founding of Huffington Post

02 min 26 sec

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07.: Facing Competitors

03 min 07 sec

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08.: The Future of Commerce

03 min 01 sec

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09.: Lerer's Investment Thesis

04 min 58 sec

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10.: Three Favorite Investment Deals Made

02 min 08 sec

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11.: Categories of Deals Lerer Stays Away From

01 min 20 sec

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12.: Betsy Morgan's Shifting Politics

01 min 00 sec

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13.: Q1: Setting Parameters for Investment?

02 min 34 sec

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14.: Q2: Shifting Web Content Landscape?

03 min 34 sec

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15.: Q3: Loss Ratios in Investment?

01 min 29 sec

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16.: Q4: Managing the Dynamics of Investment Pivoting?

02 min 54 sec

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: Watch Full Program

42 min 52 sec

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Lerer Ventures: Riding the Wave of eCommerce

02 min 00 sec

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Ken and Ben Lerer, father and son partners of Lerer Media Ventures, argue that future commerce will be transacted almost exclusively online. Today, eCommerce accounts for less than five percent of all commerce, and Ben Lerer believes "people are super stupid" for not capitalizing on a quickly growing market.
Watch Full Program

42 min 52 sec

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