# Ben Lerer: angel investments and portfolio

> Ben Lerer is an angel. 4 investments on record, latest Apr 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/ben-lerer (Millionrounds; every figure on the page links to its filing or article)

[Investor](https://millionrounds.com/investors)

# Ben Lerer

Last cheque observed Apr 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet Angel

Series B Series A Venture

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 4 on record

Since the last cheque **4578** days **00** hrs **00** min **00** sec

Median round **$3.3M** Rounds led **0 of 4** Exits **1 from the portfolio**

Pitch Ben Lerer

## Ben Lerer highlights

- 01 4 rounds on record
- 02 Mostly Series B and Series A: 75% of its rounds
- 03 1 exits from the portfolio

## What they do

- **Type:** Angel (from a list, unverified)
- **Cheque size:** Not stated
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **4 appearances**

- **2014** 2 rounds
- **Apr** **[Chubbies Shorts](https://millionrounds.com/company/chubbies-shorts)** Venture · US **$4.0M** With 6 others
- **Apr** **[Scoutmob](https://millionrounds.com/company/scoutmob)** Series B · US **$3.0M** With 4 others
- **2012** 1 round
- **May** **[Scoutmob](https://millionrounds.com/company/scoutmob)** Series B · US · allthingsd.com **$3.5M** With 3 others
- **2009** 1 round
- **Nov** **[Hot Potato](https://millionrounds.com/company/hot-potato)** Series A · US · thealarmclock.com **$1.4M** With 15 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Hot Potato](https://millionrounds.com/company/hot-potato)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$10M** Jul 2010

An exit counts when it came after the firm's first round in the company. From historical deal records.

## The cheque

Series B Series A Venture

Median round joined **$3.3M** the round, not its cheque

Led 0 of 4 rounds **0%**

- **Sole investor:** Never alone
- **Last cheque:** Apr 2014
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Series B *2*
- Series A *1*
- Venture *1*

Cheques by year Led Joined

2009 2014

Often in the room with

- [Aol Ventures](https://millionrounds.com/fund/aol-ventures) 2
- [Cox Enterprises](https://millionrounds.com/fund/cox-enterprises) 2
- [New Atlantic Ventures](https://millionrounds.com/fund/new-atlantic-ventures) 2

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## Who they invest alongside

The investors most often in the same rounds as Ben Lerer. A count of rooms they were both in, not a relationship either has claimed.

[**Aol Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/aol-ventures)[**Cox Enterprises** VC firm **2** rounds together](https://millionrounds.com/fund/cox-enterprises)[**New Atlantic Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/new-atlantic-ventures)

## On podcasts

6 episodes naming Ben Lerer in the title, and 4 more that mention it.

- [TBPN](https://millionrounds.com/podcasts/tbpn) 25 Feb 2026 · 3h 25m Happy Nvidia Day, Salesforce Earnings with Marc Benioff, Anthropic's New Stance on Safety | Doug O'Laughlin, Maxwell Meyer, Ben Lerer, Michael Manapat, Adam Warmoth, Connor Sweeney, Matthew Harpe Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer)[Marc Benioff](https://millionrounds.com/fund/marc-benioff)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) Apple PodcastsShow page
- [TBPN](https://millionrounds.com/podcasts/tbpn) 27 Jan 2026 · 3h 50m Clawdbot Creator Peter Steinberger Joins, Meta's Premium Subscription Plans | Jamie Cuffe, Ben Lerer, Lucas Atkins, Bridgit Mendler, Jeff Miller, Aaron Frank With [Aaron Frank](https://millionrounds.com/person/aaron-frank) Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer)[Jeff Miller](https://millionrounds.com/fund/jeff-miller)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) *+1* Apple PodcastsShow page
- [StrictlyVC Download](https://millionrounds.com/podcasts/strictlyvc-download) 22 Nov 2024 · 24 min How AI is powering a comeback in consumer startups, with Brynn Putnam and Ben Lerer With [Brynn Putnam](https://millionrounds.com/person/brynn-putnam) Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer) Apple Podcasts
- [Venture Unlocked](https://millionrounds.com/podcasts/venture-unlocked) 11 Oct 2023 · 51 min Building competitive moats in VC at Lerer Hippeau with Ben Lerer and Graham Brown With [Graham Brown](https://millionrounds.com/person/graham-brown) Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 7 Aug 2023 · 52 min 395. How to Thrive in a Down Market; Investing through the AI Hype Cycle; and Consumer Exits and Key Lessons from Warby Parker, MIRROR, Casper, Allbirds, and Oscar (Ben Lerer) Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 5 Sept 2016 · 31 min 20VC: Lerer Hippeau's Ben Lerer on 'Investing With Imagination', Strategies To Avoid Fomo & Develop Pattern Recognition As An Investor and Why We Have Seen The Rise of Direct To Consumer Business & Will This Continue With Further M&A Mentions [Ben Lerer](https://millionrounds.com/fund/ben-lerer)[Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) Apple PodcastsShow page

### Mentioned in

- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 9 Sept 2026 · 1h 21m Did OpenAI Steal the Navier-Stokes Solution? | E2335 Apple PodcastsShow page
- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 1 Jul 2026 · 1h 14m Why the VC Hype Cycle Always Gets It Wrong | VC Roundtable | E2307 Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 19 Oct 2023 · 6 min Investor Stories 318: Strange & Unusual (Bannon, Lerer, Kimerling) Apple PodcastsShow page
- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 5 Oct 2023 · 8 min Investor Stories 316: Why I Passed (Lerer, Duesterhoeft, Sigalow) Apple PodcastsShow page

## Quick answers about Ben Lerer

### What does Ben Lerer invest in?

Ben Lerer invests most often at Series B and Series A (75% of the rounds on record).

### How active is Ben Lerer?

4 investments on record, 0 of them in the last 12 months. The most recent was in Apr 2014.

### How big are Ben Lerer's cheques?

The median round it joins is $3.3M.

### Is Ben Lerer investing now?

No investments in the last 12 months; the latest was in Apr 2014.

### Who does Ben Lerer invest alongside?

Most often Aol Ventures (2 rounds together), Cox Enterprises (2 rounds together) and New Atlantic Ventures (2 rounds together).

### What kind of investor is Ben Lerer?

Ben Lerer is an angel.

### Where does this information on Ben Lerer come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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