Five years ago, Thrillist was a start up company, a rare thing in New York. These days, start ups aren’t just for Silicon Valley.

“New York is only getting stronger and becoming more viable as a place to start a technology-based business,” Ben Lerer, co-founder of Thrillist says in today’s Media Beat video.

In addition to his continued work to build Thrillist, Lerer also runs a new fund, Lerer Ventures, with his dad Ken Lerer (one of the founders of The Huffington Post), which the younger Lerer calls “a lot of fun.” Though they both have ties to the media industry, that isn’t the fund’s investment focus.

“A vast majority of the investments we’re making are really technology companies,” says Lerer.

Part 1: Thrillist’s Ben Lerer: ‘Guys Like All the Things You Assume… But Hope They Won’t

Part 2: Thrillist’s Lerer Gives Us the Scoop on Thrillist Rewards