. ♪ ♪ emily: lerer hippeau announced plans to invest 230 million dollars across a couple of funds. k is a full-time investor, cofounded the firm before becoming the ceo of group time media. joining me now, eric hippeau, manager at lerer hippeau. -- fundraising environment for these two funds given a challenging macroeconomic backdrop. >> good to be with you. the majority of these funds were in fact last year and we had this is our 12th year. these are -- and select -- early stage and late stage -- number four. [indiscernible] it hasn't been exceptionally hard. i would imagine that today, for new funds, it would be pretty difficult. emily: how is the changing macroenvironment changing your strategy and where you are going to place your bets? >> we are quite well-known for our consumer companies. warby parker, casper, many others. in more recent years, we have been very focused on enterprise software. we are less known for that, but we do over half of our investments in those areas. those are very exciting and we are looking forward to balancing our consumer business with our b2b busi

. ♪ emily: lerer hippeau, one of new york's top venture capital funds , just announced plans to invest million dollars in early stages. the former ceo is also back as managing partner. joining me now is eric hippeau, managing partner at lerer hippeau. great to have you back with us. tell us what the fundraising environment was like, given a very challenging macroeconomic backdrop. eric: good to be with you. the majority of these new funds were in fact raised last year, and this is our 12th year. these are early-stage and late-stage, so we have done quite well, and we have very loyal lp's we have been able to capture some new ones as well, so it has not been exceptionally hard. i would emerging that today, for a new party, it would be pretty difficult. emily: so, how is that changing macroenvironment changing your strategy and where you are going to place your bets? eric: we are quite well-known for our consumer companies, companies like warby parker and casper and many others. but in more recent years, we have also been very focused on b2b, enterprise software. we are less known for th

. >> i want to ask you about your focus and your expertise you're back here with lerer hippeau after doing the deal with vox 9 and your digital media company. i'm curious, what's ahead for that group with the lack of m&a, lack of exits and now worries about advertising spend hitting the big companies like a meta or google what will it mean for some of these digital media properties >> yeah, you know, i'm on the board of vox after the deal. i think vox is uniquely positioned i think they have one of the very few truly premium portfolios from both a brand perspective, from a huge digital audience perspective as well as a diversified base of revenue. advertising is the largest source of revenue in that company but it's not -- but they have a truly diversified suite from subscription to commerce and everything in between. i feel really bullish about vox, but digital media, generally speaking, i think is a tough bet for venture. there's been incredible amount of consolidation, traditional media, and i think there's going to be more and more consolidation happening in digital media. one of