Thrillist was founded in 2004 by Ben Lerer, son of media executive
Kenneth Lerer; and Adam Rich, his friend from college. They graduated from the
University of Pennsylvania in 2003 and moved to
New York City. Rich initially served as president, and Ben Robinson served as the Chief Creative Officer. Lerer and Rich sent the first Thrillist email newsletter in 2005 to 600 friends. In May 2010, Thrillist acquired online men's fashion retailer JackThreads. In March 2011, TMG hired Eric Ashman as
chief financial officer from
The Huffington Post. In 2012, Ashman was charged with committing accounting fraud by the
SEC while working as CFO at
The Street and was "barred from acting as a director or officer of a public company for three years." In February 2012, Lerer announced the creation of the Thrillist Media Group (TMG), which combined Thrillist, deal site Thrillist Rewards, and JackThreads. In August 2012, the media group led a $13 million fundraising round, from OAK, the Pilot Group, and Lerer Ventures. In March 2013, TMG discontinued Thrillist Rewards, citing slow growth, and also launched
The Crosby Press, a site designed to market JackThreads products by providing content aimed at a target audience of men in their late teens to early twenties. By May 2015,
The Crosby Press had been closed by TMG. In September 2015, TMG announced it raised $54 million in total from European publisher
Axel Springer,
Oak Investment Partners and
SBNY. As part of the transaction, Thrillist separated its businesses, with Thrillist Media group operating the media site, Thrillist, while the e-commerce company operated JackThreads. In October 2016, TMG merged with
The Dodo,
NowThis News and
Seeker to form
Group Nine Media. The newly formed
holding company received a $100 million strategic investment from
Discovery, Inc. In late September 2018, after more than a year at the bargaining table and a staff walkout, the Thrillist Union and management reached a collective bargaining agreement. The deal included a guaranteed 8.5% raise for all employees in its first year, as well as a salary floor of $50,000/year. "This represents a victory not just for the editorial employees of Thrillist, but for our entire industry," the Thrillist Union's bargaining committee said of the contract. "Through collective action we've made our workplace better and helped set a standard we hope other digital media shops can follow." In 2022, Vox Media acquired Group Nine Media, bringing Thrillist into the Vox Media portfolio. == Leadership and editorial staff ==