Who’s LOLing Now?

Today we announced that Foundry Group took a bite out of Cheezburger as we led a $30m financing of the company that started out by bringing you cute cate pictures.

Ever since I met Ben Huh 18 months ago via an introduction from Micah Baldwin (see Micah – I do take you seriously – some of the time) I’ve had a major entrepreneur-crush (sort of like a man-crush, but, well, you get the idea) on Ben. C’mon – the guy wears a cheeseburger on his head – how can you not love him.

ben with cheez on his head

After meeting Ben, I decided to try out the site. My first LOL was my wife Amy’s car on fire – feel free to click on it and go vote it up.

.Hot Car

We’ve made this investment as part of our “Distribution Theme” which includes Zynga, Topspin, and StockTwits. I realize that I haven’t written about Distribution on the Foundry Group blog – guess I’ll go do it after I finish this post. Or maybe I’ll just surf around on some of the 50 Cheezburger Network sites.

I’m back – that was a not so short sojourn to My Food Looks Funny, I Has A Hotdog, FAIL Blog, and Very Demotivational.

Our co-investors are Madrona, Avalon Ventures, and SoftBank Capital.Β Ben and his team have built an awesome company. I’m really psyched to be a part of it to help it grow to the next level.

  • Way to use big bucks to uplift the culture. That should help us turn around our collapsing education system. Thick value indeed.

    • Oh, have a sense of humor. Laughter is good for everyone.

      • Great space, great idea, great potential. Humor is a great vehicle to get people to interact and get involved, and its fun!

  • Anonymous

    “Distribution” vs “Disruption”? (it’s the former on the Foundry blog) – looking forward to this post (and maybe that will cover the deal of the day biz model as well? seems like it fits)

    • Distribution. Thanks for the catch – fixing now.

      • I’m looking forward to the definition of the “distribution” theme. Sounds fun.

  • They can haz $30M? πŸ™‚

    Congrats Fred. Love this investment. Ben Huh is great and what they have made with the Cheezburger Network is astounding.

    I love the “Distribution Theme” as well. Can’t wait to hear you expand on it in more detail for a future post.

  • Duke Kahanamoku

    You should get him a TED talk

    • Fred? I’m Brad. But thanks!

      • Have you become interchangeable with the Fred Wilson? It could be worse! πŸ˜‰

        • I’m always happy to be confused with Fred. I think most people know we
          are very good friends who have been working together since the mid
          1990’s. However, when we are side by side in person, it’s easy to
          figure out which one of us is Fred and which one is Brad simply due to

          • I know you both and I’m pretty sure I can tell you apart pretty easily (especially your shirts). It’s funny though how both your blogs have evolved over the years and how they’ve “tracked” in relation to one another. I can understand how the slip on a commenters part could happen. It’s a good thing in my opinion.

  • Inboulder

    Hmm, I wonder if now that Cheezburger is flush with cash the class actions suits will come out. Although a brilliant business, Cheezburger has always been built almost entirely upon content they have no actual rights to.

    • You definitely know how to invest your money well.The Cheeseburger is not just a cap but it has become a sort of symbol.

  • Ben is a great embodiment of his own product, if you can call it that. He’s a walking lolcat. I met him at an event and he gave me a stuffed cat for buying his book. You can tell he loves what he is doing. He’s not only an instigator, he’s the one laughing the loudest. No special point, just thought I could share.

    Incidentally, I’m watching Keith Smith (fouder of bigdoor) discuss Cheezburger Network, that’s how I wandered over.