UPDATE: Reuters reports that The New York Times is suing AOL Inc to force the The Huffington Post to change the name of its new blog, Parentlode, which borrowed the chief writer, Lisa Belkin, and most of the name from her previous NY Times column, Motherlode.
“The Times said Belkin “clearly intended” to confuse readers into believing her new blog was the same as her old blog, which she called a “virtual koffee klatch” for parenting,” reports Reuters. “The Times sued AOL for trademark infringement, unfair competition and deceptive trade practices. It also wants AOL to abandon its trademark application for the Parentlode name.”
Last November two advisers from the 2004 Kerry-Edwards campaign, Peter Daou and James Boyce, filed suit against Arianna Huffington, claiming she stole the idea for the Huffington Post from them and cut them out of the business. Along with her co-founder Ken Lerer, Ms. Huffington filed to have the case dismissed. Now, as PaidContent reports, New York state Judge Charles Ramos has ruled that the case can go to trail.
The judge threw out seven of the eight complaints filed, but said that Ms. Huffington herself had confirmed the idea was something concrete and novel in a 2008 interview with Playboy. The pressure is now on Ms. Huffington to settle or be draw into a public court battle.
Lerer Ventures is a seed stage venture capital fund based in New York. They invest in founders at the earliest stages of a startup’s life. Everyone at the fund starts and runs companies for a living. Lerer Ventures is where they invest in their peers.
The firm Read More
Alley vs. Valley
A new fashion start-up launching in September has secured backing from some of the biggest names in angel investing on the East and West coasts. Edition01 has raised around $500,000 from David Tisch, Ken Lerer and Ron Conway’s SV Angel to build an e-commerce site focusing on capsule collections: limited edition runs of products by designers like Donna Karan, Calvin Klein and Narciso Rodriguez.
While Lerer Ventures is not yet two years old, its new partner, Eric Hippeau, has been close to Silicon Valley super-angel Ron Conway for more than two decades.
So it was a natural fit for the two funds to syndicate their deals and leverage their networks on the east and west coast. “We are Read More
A year and a half ago Ken Lerer and his son Ben decided to shift from simply angel investing to raise a formal venture fund. That clocked in at $8.5 million, based on Ken’s connections in the media world and Ben’s access to the young tech scene.
Today Lerer Ventures announced their second round, which at $25 million is roughly three times the size of their inaugural raise. Eric Hippeau, who announced he was coming to Lerer the same week AOL bought HuffPo, will be in charge of the fund.