Lerer Hippeau raises a new $122M fund, plus $60M for follow-on investments

INSUBCONTINENT EXCLUSIVE:
Select Fund was used to make follow-on investments in companies that Lerer Hippeau had already backed at the seed stage, like Allbirds and
Casper
initially, and which might now seem like missed opportunities.Caitlin StrandbergMeanwhile, the Lerer Hippeau team has also been growing,
with the recent hiring of Caitlin Strandberg (formerly vice president at FirstMark) as principal and Isabelle Phelps as associate, as well
engaged community
And while firms like Andreessen Horowitz (where Mulay used to work) have made their huge support staff a selling point, Hippeau said that at
chairman at BuzzFeed and Ben Lerer is CEO at Group Nine Media
(The three of them are pictured at the top of this post.) But with the seemingly constant news about digital media layoffs and shutdowns,
would Hippeau invest in a media startup todayActually, the firm did back one such startup recently, podcast network Wondery