It was a very busy morning for Ben Lerer, the 30-year-old Lerer Ventures scion and CEO of men’s lifestyle brand Thrillist. The company announced yesterday that it had closed a $13 million series A, the first outside financing since Thrillist raised a $2 million seed round way back in 2005. Growing Thrillist from a Daily Candy-like daily newsletter to a men’s lifestyle empire with little venture capital in just seven years is no small feat.
“That’s the cool thing for me,” Mr. Lerer told Betabeat by phone this morning, his voice still colored with the excitement of closing a solid round. “That we were able to legit boostrap a business to 200+ people and $60 million in revenue without the money. It really gives me confidence that we have the right habits and the right discipline so that now that we have this money, we’re going to know how to spend it the right way rather than spastically run around spending it.” Read More