Huffington Post co-founder Kenneth Lerer is a Bedrocket investor, as is Nancy Tellem, former CBS network president.

WSJ: Web TV's New Lineup

After AOL Inc. bought the Huffington Post, the media site's co-founder, Kenneth Lerer, left to focus on his new seed investment firm, Lerer Ventures.

WSJ: New York Start-Ups Ride Tech Boom

As Hippeau moves from an advisory role at Lerer Ventures to a full partner, Kenneth Lerer says they will explore raising a larger fund in the first half of 2011.

FORBES: HuffPo Backers On What Comes Next

Kenneth Lerer also serves as chairman of Betaworks, an investment firm and incubator for consumer web startups including Twitter linking site, Bit.ly, blogging enabling site Tumblr and flash sale website ideeli.

FORBES: HuffPo Backers On What Comes Next