The Lerer Family Launches The Dodo, Which Is Arguably The Smartest Idea For A Media Company In The World

The Lerer Family Launches The Dodo, Which Is Arguably The Smartest Idea For A Media Company In The World

ALYSON SHONTELL

JAN. 13, 2014, 6:14 PM 4,103 1

“Cute animals deserve respect.” BuzzFeed co-founder Jonah Peretti told that to the audience at technology conference South by Southwest last year. And he should know.His site is investing in original reporting and traditional journalism, but the newsroom has grown on the backbone of truly viral posts which sustain BuzzFeed from a monetary perspective. Many of those viral posts have to do with cute animals.

For example, one article titled “Basset Hounds Running” amassed 1.2 million page views.

Because of its highly entertaining animal posts, BuzzFeed has gotten a reputation for producing pieces of “fluff” journalism rather than “real” journalism. In other words, it’s great at culling together intriguing photos of animals doing ridiculous things, but it has yet to establish itself as a largely trusted source of news. Still, it announced it was profitable in September and it had130 million monthly unique visitors in November.

Today, a startup called The Dodo launched, and it may be trying to capture some of BuzzFeed’s success with animals. But instead of having to make excuses for its animal coverage (like BuzzFeed sometimes has to do) The Dodo is embracing animals right from the get-go. It has funding from Greycroft, Softbank Capital, Sterling Equities and RRE. Fred Harmon of Oak Investment Partners personally invested.

The Dodo is being run by Salon’s former Editor-in-Chief, Kerry Lauerman. It is co-founded by Izzie Lerer, whose father Ken co-founded The Huffington Post with BuzzFeed’s Jonah Peretti and whose brother, Ben, co-founded Thrillist. The Lerers also started a venture arm, Lerer Ventures, which has invested in 185 startups over the past few years. Peretti is an advisor of Lerer Ventures, but he isn’t associated with The Dodo.*

The Dodo is the first website built entirely on another Lerer Ventures startup, RebelMouse. This makes it easy for The Dodo to pull in cute animal posts from social media and takes pressure off The Dodo to produce original content, which is more expensive.

At first glance, The Dodo is cute overload. But Lerer says there will be substance to some of the stories.

“Caring about animals in the past has often been dismissed as overly sentimental or radical, but now the whole movement is moving mainstream,” Izzie Lerer justifies her site in a press release. “There’s a growing readiness and willingness to listen to people speak about issues concerning animals, and The Dodo will provide a home for these kinds of conversations.”

In short, you’ll never see animals being mistreated on The Dodo. Instead, it’s a place that celebrates pets.

It’s tempting to think: why does the web need yet another destination for cute animal photos?

But when you stop and mull it over, it’s brilliant. The Dodo is setting itself up to be BuzzFeed but without the baggage of having to be a “real” news and journalism site. It can celebrate animals, and celebrate all the viral traffic that comes with it.

Not a believer? Fine. Then try not to read one of their articles:

Pug and Baby Battle Over a Cookie.

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Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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