Mark Coleman: The VC Who Tossed the Rulebook (And has a heart)

Meet Mark Coleman, a venture capitalist who doesn’t give a rip about the traditional VC playbook. Management fees? Nope. Early exits? Not his style. And don’t even think about trying to impress him with your ping-pong table or kombucha bar. Coleman is part startup whisperer, part reality check artist, and all about cutting through the nonsense.

In an industry that loves to fawn over “disruptors” who usually end up just reinventing the wheel with shinier PR, Coleman stands out. He’s been in the trenches, sold DoubleClick to Google (no big deal, right?), and now spends his days mentoring entrepreneurs—often while politely telling them to focus on real problems instead of playing Startup Bingo with buzzwords.

Let’s dive in, because this guy is not your average suit.

From the Sweaty-Palmed Trenches to Investor Zen

“So you’ve gone from the ramen-eating, sleep-deprived startup life to the chill investor vibe, sipping artisanal coffee while watching others do the panic dance,” quips Pesach Lattin, kicking off their conversation on The ADOTAT Show. Coleman smiles, the kind of smile that says, “Yeah, I’ve seen some things.”

“We all have careers and paths we follow,” he says, with the serene tone of someone who’s done the 80-hour work weeks and come out the other side alive. Now he’s co-founder of Tambora Ventures, the man behind the curtain for startups looking to make it in a world that’s more likely to chew them up and spit them out than turn them into unicorns.

And here’s where Coleman’s journey gets interesting: he’s not in it for the cliché “giving back” storyline that investors love to preach. No, he’s in it because he genuinely enjoys seeing smart people solve big problems. “I was blessed to be around really smart people,” he says, “and now I’m paying it forward.”

When Founders Drive Into Walls, Coleman Hands Them a Map (Not a Helmet)

Now, if you think Coleman’s the kind of investor who’s going to put out every fire you start, you’ve got him all wrong. He’s not running a daycare for over-caffeinated founders. “We don’t wait for an accident to happen to put a stoplight at that corner,” Coleman explains, matter-of-factly. Instead, he’s all about stepping in before the flames start—because, let’s face it, by the time a founder is putting out fires, it’s probably too late.

Does he enjoy watching his protégés faceplant? Of course not. But he’s also not here to sugarcoat things. “I try not to own the car that they’re driving,” he says, which is basically venture capitalist code for: Your failures are yours to own, but I’ll help you avoid the worst of them.

Coleman’s not a fan of the last-minute rescue. In fact, he avoids the whole knight-in-shining-armor routine. “We like to get ahead of the curve,” he says, sipping his coffee, probably while his portfolio founders are downing espresso shots and praying they hit their next funding milestone.

Ping-Pong Tables? Please. Focus on Margins, Kid.

Remember those startups that spend more time deciding what color their office beanbags should be than on, you know, building a product people actually want? Coleman sees right through that fluff. “I bring it down to basic marketing 101,” he says, reminding everyone that building a business is about solving a problem—not winning the coolest office award on TechCrunch.

And here’s where it gets good: Coleman has a way of cutting through the noise that makes you wish more VCs did the same. “They didn’t go into this to be bankers, to be raising money,” he says, sounding almost exasperated. “They came in to be builders.”

You can almost hear the collective eye-roll when he talks about founders who obsess over branding before they’ve even figured out if their product works. “It’s all about the innovation. Taking it to market. Following their KPIs in the journey,” he adds, dropping business wisdom like it’s a TED Talk no one asked for but desperately needs.

No Fees, No Nonsense: Mark Coleman’s Unorthodox VC Strategy

Here’s where Mark Coleman breaks all the rules. In an industry that practically lives off of management fees—standard issue 2% for most VCs—Coleman just says, “Nah, I’m good.”

“I don’t charge a management fee for my LPs,” he says like it’s the most natural thing in the world, as if every other venture capitalist isn’t listening and clutching their pearls. Why? Because he doesn’t believe in taking money out of the ecosystem. He’s not here to play fund manager; he’s here to actually, you know, fund innovation.

“I thought the big bet was my vision,” he explains. “Let’s all make money together.” If that sounds almost utopian in the cutthroat world of venture capital, it’s because it is. But Coleman is clearly thriving. He’s already on his third fund, with partners who buy into his karma-fueled philosophy.

“I’m a karma guy,” he says, casually tossing out a sentiment that would make most financiers shudder. “I pay things forward… and I haven’t changed it. It’s been working, so it ain’t broke, I’m not gonna fix it.”

The Broken VC World: Coleman’s Not Here for Your Nonsense

If you’ve ever wondered what a venture capitalist who actually calls out the industry’s BS sounds like, wonder no more. Coleman pulls no punches when it comes to his thoughts on the state of the VC world.

“It’s a broken sector,” he says bluntly. “Sadly, a lot of bad actors on both sides.” He’s not just talking about shady founders fudging numbers to impress investors (although there are plenty of those). He’s also calling out investors who don’t do their due diligence and end up funding nonsense.

“I’m not saying I’m the new sheriff in town,” Coleman says, clearly indicating he’s absolutely the new sheriff in town, “but I’m protecting as many people as I can.”

This isn’t idle talk. Coleman’s approach to investing is grounded in his own experience of being a founder, and he’s keenly aware that, without the private sector, innovation dies. “Without private money, there’s no innovation, no investment.”

DoubleClick and Google: The Deal That Changed Everything

When Coleman talks about selling DoubleClick to Google, it’s not with the typical breathless excitement of a founder who cashed out. No, this was a deal made with careful calculation and a bit of pragmatism.

“We were public, went private, took on a PE firm, and were making real-time decisions about what to do,” Coleman recalls. It wasn’t exactly a fairytale exit. In fact, Coleman had two buyers—Google and Microsoft—vying for DoubleClick at the time, and they had to make fast, strategic moves.

Google won the bidding war, but Coleman wasn’t convinced they’d actually keep DoubleClick’s technology. “I was positive they were going to sunset the technology,” he admits. Instead, DoubleClick’s tech became foundational to Google’s ad empire, outlasting even his expectations.

Looking back, does he regret selling to Google? Not a chance. “It was one of the best sales with a great company for an exit. I don’t think I would ever change it again.”

The Israeli Startup Scene: Frogs, Princes, and Kicking Tires

Coleman’s got a soft spot for Israeli startups, but he’s not starry-eyed about it. In fact, he’s been mentoring companies there for years, partly because of his deep personal connection—his wife is a first-generation Holocaust survivor—but also because he sees immense potential.

But Israeli founders, as much as they’re celebrated, sometimes need a little dose of reality, according to Coleman. “It’s too intense,” he says of the culture. The whole “move fast and break things” mentality might work when you’re building apps in Tel Aviv, but taking it global requires a different strategy.

“You can have a nickel for every meeting and a bucket full of change but no money,” he laughs, referencing how some Israeli founders get stuck in a meeting loop without sealing the deal. Coleman’s all about KPIs and moving the needle, not just endless pitch meetings.

The Superpower of Healing (No, Seriously)

At this point, you might be thinking, “Alright, but what does Mark Coleman actually do for fun?”

The answer? Not what you’d expect from a guy who’s reshaping venture capital. Coleman’s big hobby? Gardening. “I love gardening and landscaping,” he says, sounding almost Zen. And when asked what superpower he’d want, he doesn’t opt for something flashy like flying or mind control. Nope. Coleman wants the power of healing. “I’m all about longevity and health and quality of life.”

Not exactly what you’d expect from a venture capitalist, right? But that’s exactly the point. Coleman is not what you expect, period.

Final Thoughts: Don’t Be Evil (But Maybe Be a Little Bold)

Mark Coleman is not your average VC. He’s ditching the management fees, calling out bad actors, and treating his founders like family (without the passive-aggressive holiday dinners). And he’s doing it all without an alarm clock.

His advice to founders? Simple: “Just do good. I always loved Google’s ‘Don’t be evil.'”

In a world where venture capital often seems to be about making money fast and getting out before the market shifts, Coleman is a breath of fresh air. He’s in it for the long game. He’s in it for the people. And while the rest of the VC world might be broken, he’s quietly—perhaps even stubbornly—building something better.

You don’t have to agree with him. But it’s hard not to respect him. And in venture capital, that’s saying something.

WATCH THE FULL EPISODE HERE

AdTech’s Great Purge: The Last Stand of the Bloat Masters

Terrence Kawaja’s “Great Ad Tech Cleanup” isn’t just a neat metaphor—it’s an industrial-strength decluttering of a sector that’s spent years accumulating more fat than muscle. For two decades, ad tech has lurched from manual insertion orders to programmatic automation, layering in more platforms, middlemen, and bloated fees with every step. DSPs, SSPs, verification layers, and data vendors all claim their “necessary” share, which Kawaja sums up as the “ad tech tax”—a nice way of saying “a whole lot of people getting paid for not a lot of value.”

According to Kawaja, we’re now witnessing the reckoning, and it’s not for the faint-hearted. Major players from Rocket Fuel to YuMe and Tremor Video have been gobbled up, unable to keep pace. What’s left? Leaner companies like The Trade Desk, who’ve stayed agile by trimming the fat and automating where others fell behind. It’s musical chairs for ad tech, and if you’re not at the table, you’re not in the game.

The Platform Era: Where Consolidation is the Name of Survival

Starting in 2023, the sector faced a grim reality. Rising interest rates and weary investors demanded cost-cutting and higher margins. Public ad tech companies collectively upped EBITDA margins by about 7%, making them irresistible for acquisitions. With IPOs effectively off the table, the motto became “get bought or get lost.” Kawaja argues this grand-scale consolidation was overdue, with each acquisition promising a streamlined future of fewer, stronger players. Forget your dreams of IPO glory; these firms are in survival mode.

It’s not just about slashing costs. The backdrop of shifting privacy regulations and the cookie apocalypse added another layer of pressure. The ad tech world has been scrambling to pivot to cookieless alternatives—clean rooms, first-party data solutions, contextual targeting, anything that looks like it belongs in a “privacy-first” world. Ironically, Google, the long-time ruler of digital ads, has turned into a “backseat driver,” delaying the end of third-party cookies repeatedly. Originally set for 2022, then 2023, and now slated for 2024, Google’s cookie phase-out has become a painfully expensive limbo, forcing companies to prepare for an uncertain, cookieless future.

In classic Kawaja style, he jokes that Google’s endless delays are a bit like Lucy pulling the football away from Charlie Brown. While tech giants have been left spinning their wheels, smaller ad tech players, many ill-prepared, face a “clean up or get out” ultimatum. 

And if Google’s hand is eventually forced in its ongoing antitrust saga, we could even see Google Ad Manager put up for sale. Just imagine that ripple effect.

Betting Big on CTV and Retail Media

Beyond privacy pressures and investor expectations, the consolidation craze also marks a strategic pivot toward growth markets like Connected TV (CTV) and retail media. CTV is the new golden child, a landscape where programmatic advertising has taken off faster than you can say “prime time.” The Trade Desk, for example, shines here, riding the wave of automated CTV solutions. Retail media, on the other hand, is more complex. Sure, everyone’s excited about it, but we haven’t seen it unlock significant new ad budgets. Instead, retail media feels like a case of robbing Peter to pay Paul, as ad dollars merely shift from one channel to another.

Outbrain’s acquisition of Teads and DoubleVerify’s purchase of SciBids demonstrate this trend toward media channels that offer direct, measurable ROI. CTV and AI are both magnets for M&A, with the hope they’ll deliver a tech-heavy ad future minus the bloat of ad tax.

AI as the New Power Play

For Kawaja, AI isn’t just another buzzword; it’s the future of ad buying. With AI-driven tools promising smarter targeting and real-time campaign optimization, legacy systems may be on their way out. DoubleVerify’s 2023 acquisition of SciBids, an AI-driven campaign optimizer, exemplifies how companies are betting big on tech that reduces human error—and middlemen. By leaning on AI, Kawaja argues that ad tech can finally cut out redundant layers that eat up budgets without adding value. In theory, AI could turn the messy programmatic landscape into a streamlined ecosystem where fewer players capture more market share.

But this vision isn’t without its caveats. AI is great in theory but complex in execution, requiring expertise and budget that not every ad tech firm can muster. It’s also no guarantee that ad tech’s problems will magically solve themselves just because some algorithms are now running the show.

Challenges Loom Large: Consolidation as a High-Stakes Gamble

The “Great Cleanup” of ad tech, as Kawaja describes it, is anything but smooth sailing. Retail media, despite the hype as ad tech’s next big thing, isn’t quite the goldmine it was billed to be. Sure, it managed to secure a whopping $122 billion in global ad spending in 2023, but the problem is, much of that budget is siphoned off from other channels rather than being new, incremental spend. In other words, retail media isn’t actually expanding the pie; it’s just rearranging the slices. While retail media continues to emerge as an important ad channel, it hasn’t yet delivered the net new growth investors were hoping for.

The sector is also starting to outgrow its “experimental” label. With the IAB’s new Retail Media Measurement Guidelines aiming to introduce some long-overdue standards, advertisers finally have a roadmap to evaluate returns more consistently. Until now, brands have been hesitant to dive in, wary of putting big bucks into a channel that hadn’t quite proven itself or offered reliable ROI metrics. Many media buyers currently rank retail media ROI as subpar compared to more established channels. It’s like trying to sell a new soda without any idea of how much fizz is in each can. Meanwhile, partnerships are flourishing, with retailers linking up with giants like Meta, Criteo, and The Trade Desk, making retail media a ripe spot for mergers and acquisitions. But without robust data to show whether these big bets pay off, retail media could turn out to be just the latest flash-in-the-pan hype.

Enter AI, the new must-have for any ad tech firm looking to remain relevant. The promise of AI-driven tools—predictive ad targeting, fraud detection, and even dynamic ad creation—is huge. AI can streamline processes and slash inefficiencies in a single, powerful swipe. But AI adoption isn’t cheap or easy. Implementing machine learning and predictive modeling tools requires skilled teams and a sizeable budget, something smaller ad tech firms may struggle to provide. DoubleVerify’s acquisition of SciBids in 2023 was one of the first moves to make AI central to programmatic buying, showing how the big players are adapting AI to gain a significant edge. But for every win, there’s a question: can smaller players keep up, or will they be left behind, facing an industry barrier so steep it becomes a form of financial Darwinism?

For Kawaja, all this consolidation and adoption of new tech is more than a strategy—it’s the only path forward. Consolidation, he believes, will finally tame the unwieldy layers in ad tech, slashing the infamous “ad tech tax” that eats into profits at every turn. Investors seem to agree, as 2023 has nearly broken records for ad tech M&A. Yet consolidation alone isn’t a guaranteed fix. The industry is left with one big question: can these fewer, bigger players deliver the efficient, streamlined ecosystem Kawaja imagines? Or will they just become the last giants standing in an increasingly niche, hyper-consolidated market?

Retail media and AI are at a critical juncture. They hold the promise of transforming ad tech’s value and efficiency, but they also carry the risk of becoming another set of costly missteps. Will this “Great Cleanup” pay off, or are we simply seeing the ad tech tax shift from one layer to another? As Kawaja’s vision unfolds, ad tech finds itself both leaner and, perhaps ironically, more complex than ever.

The Brutal Forecast: Grow Up, or Get Out

Kawaja’s blueprint for the future isn’t all sunshine and roses. Ad tech needs to grow up, slim down, and cut the fat, or it risks total implosion. He envisions an industry where high-volume, low-margin firms set the standard while the bloated, inefficient ones either merge or disappear. His LumaScape might get leaner, but it’s still clear that this cleanup won’t be easy. It’s a call to action for ad tech to face reality: The future belongs to the lean, the nimble, and the efficient.

Whether the survivors can actually transform streamlined efficiency into true innovation—or if they’ll just be the last players left on the shrinking field—remains the billion-dollar question. Kawaja’s message is as blunt as it is optimistic: Clean up your act or step aside, because the Great Ad Tech Cleanup isn’t waiting for anyone to catch up.

Curation Haters Gonna Hate: But It’s Still the Only Thing Keeping Your Ads Clean

Alright, folks, let’s talk about adtech’s latest punching bag: curation. It’s the kale of programmatic—good for you, sure, but nobody wants to chew on it unless it’s blended into something that hides the bitterness. But Adweek decided to fan the flames with an article quoting five anonymous sources who trash curation like it’s the Illuminati of ad placements.

Five anonymous sources? What’s next, a whistleblower protection program? It’s adtech, not a government takedown.

Nobody’s getting black-bagged for saying, “Curation’s not perfect.”

Adweek going cloak-and-dagger over something as mundane as ad inventory bundling tells you all you need to know about the “controversy” around curation. Publishers are clutching their pearls like they just found out they can’t autoplay videos with sound anymore. This isn’t just about their shrinking revenue streams; it’s about control. They were the kings of first-party data after third-party cookies got tossed, and now SSPs and DSPs are packaging up inventory like it’s their birthright.

Publishers have been riding the first-party data pony ever since third-party cookies got shown the door. They like to think they’re the gatekeepers of “premium inventory,” but SSPs and DSPs have other plans. Enter curation, where the magic happens. Think of it like putting velvet ropes around the sketchier corners of the internet and letting in advertisers who don’t want to slum it on a clickbait cesspool.

The publishers hate it, of course. They’re saying it’s the “emperor’s new clothes.” Tired metaphor? Try “a designer jacket found in a thrift shop”—some see a gem, others think it’s overpriced. Publishers gripe that curation slashes their revenue potential, and to be fair, adtech has more middlemen than a multi-level marketing scheme. But let’s not kid ourselves here: curation’s no greasy adtech tax; it’s the life preserver keeping advertisers afloat in the open-web mess.

And then there’s the big complaint that curation lowers inventory value. Oh, please. Some publishers act like SSPs are “cannibalizing” buyers who’d throw money at direct deals, offering curated packages at lower rates instead. Cue the declining eCPMs and crocodile tears. But, really, when was the open web ever this glittering goldmine? You’d rather sell “premium” placements next to a “1 Weird Trick to Remove Belly Fat” banner? Didn’t think so.

Let’s face it, advertisers like Coca-Cola are turning to curation for brand survival. They don’t want their ads slumming it on spammy MFA sites either. Curation is basically the web’s metal detector, sifting through garbage to find shiny coins. And while publishers moan about “the death of the open web,” SSPs are evolving into adtech’s real MVPs—Xandr, Index, OpenX—they’re building curated marketplaces of premium inventory. It’s like the nerds from high school finally throwing the best parties. Suddenly, everyone wants in, and publishers are left grumbling over their missing invites.

Meanwhile, DSPs are throwing their own tantrum. Curation cuts into their control over audience targeting, and they’re clutching onto their third-party cookie crumbs like the last slice of pizza. Now SSPs are using first-party data to create their own curated packages, and DSPs are feeling the squeeze. It’s like the tables have turned, and DSPs are no longer running the show.

Bottom line? Curation isn’t going anywhere because, surprise, it actually works. It’s not the sleek Ferrari everyone dreamed of, but it’s not a rust bucket either. In adtech’s bloated world, curation is the Honda Accord—reliable, steady, and built to last.

So yeah, curation keeps your ad spend out of the greasy hands of digital squatters. It’s the bouncer at the bar, tossing out the creeps so you can enjoy your overpriced cocktail in peace. Without it? We’re all just stumbling through an all-you-can-eat buffet at 2 a.m., not sure where the food came from or how long it’s been sitting out. Except instead of food poisoning, you’re getting brand poisoning from bad ad placements.

Remember the “good ol’ days” of programmatic? Neither does anyone else. That dream of a Swiss-watch-precise ad-buying portal turned into a swamp of scammy inventory. Billions wasted, ads stuck next to conspiracy theories. So with third-party cookies nearing their grave and brands picky about where their ads land, curation is the lifeline we didn’t know we needed. It cuts through the noise, weeds out the junk, and gives us back one thing we desperately need: control.

So let’s not kid ourselves. Curation may not be the flashy savior of programmatic, but it’s the band-aid we need for the gaping wound in ad inventory. Sure, publishers hate it because it clips their control, but this isn’t about playground ownership—it’s about cleaning up the mess before advertisers take their ball and go home.

Ad Tech Survivor: Raj Chauhan’s Escape from the Island of Overengineered Data

Let’s start with the obvious: Raj Chauhan has been around the block. And I don’t mean the block you stroll around on your morning jog. No, Raj’s block is more like an endless digital loop, filled with broken banner ads, DSPs, SSPs, and a short but intense detour into cannabis—because why stick with one volatile industry when you can juggle two? He’s been playing in the digital advertising sandbox since 1995, back when we still believed AOL chat rooms were the height of innovation and “you’ve got mail” was a daily thrill.

Raj’s career is the stuff of ad tech legend—if your idea of a legend is someone who went from building ad networks in the ’90s, back when digital ads were the Wild West, to dipping into the green pastures (pun intended) of cannabis, and finally resurrecting himself as the man to watch in the future of retail media. In short, Raj’s story is the “phoenix rising” of ad tech, only with fewer ashes and more regulatory nightmares.

The Wild West Days of Digital: Raj’s Early Start

Rewind to 1995: the internet was in its awkward teenage years, and digital advertising was barely crawling. Banner ads were the new kid in town, and Raj was part of the crew that built the first ad networks. If you ask him what it was like back then, he’ll tell you it was more like a flea market than the data-driven juggernaut we know today. “There was a lot more kind of hand-to-hand combat,” Raj says, reminiscing about those days when deals were closed with a handshake, and you could actually get to know the people you were working with. It was personal. It was messy. And it worked.

But it wasn’t just the relationships that made those days different—it was the lack of noise. No algorithms feeding you data points until your head spins, no real-time bidding that takes human judgment out of the equation. “Back then, there was no concept of marketplaces,” Raj explains. “We were just serving up ads. There wasn’t a lot of data.” Imagine that: ads without data. It’s like trying to sell a car without mentioning the horsepower.

This was the golden era of banner ads—well, if by “golden” you mean clunky, inefficient, and completely devoid of targeting. Raj, like every pioneer in a new industry, was figuring it out on the fly. “We’d cobble together a hundred sports websites or cooking sites, and then we’d go to a brand and say, ‘Hey, buy across this whole ecosystem!’” he says. And surprisingly, it worked. This was the precursor to the sophisticated audience matching we have today—only it was done with a lot more guesswork and a lot less AI.

The Shift to Platforms: Ad Tech Gets “Efficient”

As ad networks grew, so did the industry’s appetite for efficiency—read: platforms. Suddenly, it wasn’t enough to just cobble together a bunch of websites and call it a day. Enter SSPs (Supply-Side Platforms) and DSPs (Demand-Side Platforms), which promised to turn digital advertising into a sleek, data-driven, real-time affair. If the early days were the flea market, the platform world was more like Amazon: streamlined, impersonal, and designed to remove human interaction entirely.

“The big change was the transition from the network world to the platform world,” Raj says. “You suddenly had data. You could target immediately, transact immediately, and have always-on campaigns.” Sounds great, right? Who wouldn’t want more data, more targeting, more precision?

But here’s the thing about Raj: he’s a relationship guy. Always has been. So while the rest of the industry was jumping into data pools headfirst, Raj couldn’t help but miss the days when deals were made over lunch instead of dashboards. “I kind of liked the interpersonal dealings of campaigns and business in the past,” he admits. There’s something very human in that—a yearning for the chaos and connection that defined the early days of ad tech, long before we started overengineering the whole damn thing.

Raj’s Detour into Cannabis: Weed, Compliance, and Sticker Nightmares

At this point, you’re probably thinking, “Okay, so Raj built ad networks. Big deal. Everyone did that in the ’90s.” And yeah, sure, plenty of people were slapping together ad networks back then. But how many of them took a hard left into cannabis in 2017? Not many.

Why cannabis? Well, why not? Raj saw an industry that was on the verge of explosion—much like digital advertising had been in the late ’90s—and figured, “Why not get in on the ground floor?” Spoiler alert: the cannabis industry was nothing like digital ads. It was, as Raj puts it, “the hardest thing I’ve ever done in my life.” And this is a guy who once built a $2 million ad network while driving a U-Haul from Malibu to San Jose.

The cannabis world, it turns out, is a bureaucratic hellscape. Raj describes it as a game with constantly changing rules. “Every quarter, every year, cannabis laws were changing, and that meant label changes,” he says. Imagine running a business where you’re constantly chasing new regulations, slapping compliance stickers on products that were already shipped from China, and praying the state doesn’t decide to rewrite the rules again next month. It’s a nightmare that makes ad tech look like a picnic.

But Raj isn’t one to back down from a challenge, and for seven years, he hustled his way through the cannabis industry, learning the hard way that no amount of innovation can solve a regulatory quagmire. “Retail and delivery businesses in cannabis are incredibly challenging,” he says, with the same weariness you’d expect from someone who’s seen some serious shit. And while the cannabis business didn’t make Raj a billionaire, it did teach him one thing: sometimes, the old adage of “what doesn’t kill you makes you stronger” is more true than you’d like it to be.

The Return: Retail Media, Connected TV, and the Voodoo Magic

After seven years in the weed trenches, Raj did what any seasoned tech veteran would do: he came back to ad tech, but this time with a twist. Enter Voodoo, his new venture that’s combining the magic of retail media with the endless potential of connected TV. If you’ve been paying attention, you know that retail media is the hot new thing—brands are desperate to turn passive TV viewers into active shoppers, and Raj sees a massive opportunity.

“The whole instant gratification mindset is changing the game,” Raj says, eyes gleaming like a kid with a brand new toy. He’s not talking about QR codes either (which, let’s face it, are about as clunky as the banner ads of old). Raj envisions a future where shoppable moments are baked right into your TV show. Watching the latest Netflix series? See a jacket you like? Click once and it’s on its way to your doorstep. “One-click shopping is coming,” he declares with the confidence of someone who’s been in the trenches long enough to know when a revolution is about to happen.

But don’t get it twisted: Raj doesn’t buy into every shiny new thing the industry throws at him. When I ask him if we’re going to see a future where people pause their TV shows to buy products, he just laughs. “I don’t think people are going to stop their shows to shop,” he says, like it’s the most ridiculous thing he’s ever heard. Instead, the future is about seamless integration—ads that fit naturally into the content, products that are a click away without disrupting the experience.

What Keeps Him Going: Innovation, Grit, and an Endless Curiosity

For a guy who’s been in the game as long as Raj, you’d think he’d be burnt out by now. But no—Raj is more energized than ever. “I haven’t been this excited about the space since 2008,” he says, referring to the early days of SSPs when the entire industry was still figuring out what the hell was happening. For Raj, it’s the innovation that keeps him going. Retail media, connected TV, shoppable moments—they’re all part of the next wave, and Raj is ready to ride it.

And if you think it’s all about the money, think again. Raj is more interested in the grind, the challenge, the thrill of building something from nothing. “You have to grind,” he says, almost like a mantra. “The devil’s in the details.” He’s not one to shy away from the hard work, and that’s what separates him from the thousands of others who came and went in the digital advertising space.

Raj may not be the loudest guy in the room, but he’s the one who knows how to play the long game. Whether it’s building ad networks, navigating the nightmare of cannabis regulations, or leading the charge in retail media, Raj is the guy who’s always thinking two steps ahead.

And if you’re wondering what advice he’d give to his younger self, the guy slinging banner ads in the ‘90s? Simple: “I would’ve started focusing on creative and measurement much earlier,” he says. Because at the end of the day, even in a world where data reigns supreme, it’s the creative that connects with people—and Raj Chauhan, the relationship guy, knows that better than anyone.

So here he is, Raj Chauhan: the ad tech survivor, the weed warrior, and the retail media wizard. Still grinding, still innovating, and still loving the game.

DSPs: The Zombie Platforms Shuffling Through AdtechWhen innovation dies but the platforms keep walking.

We’re talking about DSPs—those clunky, overstuffed jalopies that are clogging up the digital ad freeway like a never-ending traffic jam. Right now, we’ve got a DSP market that’s bloated, overcooked, and way past its expiration date. 

And I don’t know who needs to hear this, but most of them aren’t doing anything new or useful. It’s like a room full of magicians, all trying to sell you the same disappearing coin trick, except the coin is your ad budget, and it’s disappearing into thin air.

Too Many DSPs: The Land of the Walking Dead Platforms

The adtech space is littered with DSPs like an overbooked tech conference, but guess what? Most of these DSPs are just hanging on by a thread, desperately trying to convince you they’ve got a better way to target your precious audience, all while shuffling the same deck of cards as everyone else. It’s like being at a terrible casino where every table has the same rigged game, and the house always wins. Spoiler: you’re not the house.

Once upon a time, DSPs came into this world with the promise of revolutionizing ad buying. They were supposed to make things simple—plug in your budget, and boom! You’re hitting your audience with laser-like precision. But, like an iPhone update that promises longer battery life, all we got was more bloat, more complexity, and a whole lot more of the same recycled inventory. The DSP market now looks like a middle school dance—everyone’s trying to look cooler than they actually are, and the real action is happening in the corners you can’t see.

The Reality: DSPs Are Becoming the Flavorless Spam of Adtech

Let’s be honest—this party’s not just over, it’s crashed, burned, and now the neighbors are complaining about the noise. The DSP world is a sad, bloated buffet of mediocrity that’s in desperate need of a Marie Kondo intervention. Half of these platforms wouldn’t know how to spark joy if you plugged them into the mains, and most advertisers have already Marie Kondo’d them straight into the digital garbage. We’re long past the glory days when being a DSP meant something; now it’s like trying to sell expired canned tuna in a Whole Foods. No one’s biting.

If there’s a future for DSPs—and that’s a big if—it’s going to be in the hands of 4 or 5 actual contenders who didn’t forget to pack their big-boy pants. These platforms are the ones who actually know how to do the job without accidentally setting your ad budget on fire. The rest of them? They’re either pivoting to selling snake oil under the guise of “ad optimizations” or slinking off into irrelevance like the embarrassing tech relics they are. Think Netscape Navigator, but without the nostalgia.

It’s Darwinism in real-time, folks, and evolution doesn’t have time for DSPs still struggling to figure out which end of the programmatic pool they’re swimming in. You’ve got Connected TV (CTV) walking in like the high school quarterback who grew up to be a billionaire, and it’s devouring everything in its path. CTV is the new lunchroom king, and digital DSPs are just the sad leftovers nobody wants anymore. It’s a full-on game of musical chairs, and guess what? Most DSPs are still fumbling with the remote, hoping they can get Netflix to load before they run out of time. Spoiler alert: they won’t.

Here’s the ugly truth—if your DSP can’t handle CTV, it’s not just behind, it’s about to be extinct. We’re already watching the great DSP cull happen right before our eyes. Only the ones that can actually deal with high-quality video inventory will make it to the other side. The rest? They’re going the way of the Blackberry, that once-beloved gadget now gathering dust in some tech museum no one visits. These DSPs will either get absorbed into a few major players like your quirky startup friend who finally sold out to a corporate overlord, or they’ll pivot to selling sketchy ad fraud packages with a side of desperation. In other words: fraud vendors.

And for those that don’t even make that pivot? They’ll just disappear. Gone. Poof. Like they never existed, except for the vague memory of someone once trying to explain why their DSP was different—just before they ran out of funding. You think The Leftovers was a bleak vision of society? Wait until you see what happens to half of these DSPs. One day they’re here, the next day their Twitter handle’s been repurposed by a bot.

The Great DSP Bloodbath Is Coming (And CTV Is Holding the Knife)

Let’s talk about Connected TV (CTV) and how it’s absolutely gutting the DSP market. CTV is rolling in like the Terminator—relentless, efficient, and making DSPs that can’t keep up look like they belong in a tech graveyard. Why? Because the era of static banner ads plastered across sketchy websites is dead. Advertisers are waking up to the sweet realization that premium video content is where the eyeballs (and dollars) are. If your DSP can’t handle that shift, it might as well be selling typewriters in the age of AI.

CTV Isn’t Just Disrupting—It’s Rewriting the Rules

The rise of CTV isn’t just a new trend; it’s fundamentally changing the programmatic advertising game. The days of DSPs juggling cheap banner ads across dodgy websites are over. CTV brings premium, engaging content, and advertisers finally realize they want real people watching their ads—not bots or “users” in far-flung data centers. If your DSP can’t deliver high-quality, fraud-free video ads, it’s not just playing catch-up—it’s already obsolete.

Here’s the thing about CTV: it’s where all the action is. The inventory is limited, premium, and priced like a black-tie gala. We’re talking Super Bowl-level attention on a Tuesday night for your campaign—if you can afford it. And, unlike the endless inventory of banner ads on websites no one actually reads, CTV ads aren’t cheap. They’re prime real estate, and only a handful of DSPs have the infrastructure to handle it. Everyone else? They’re standing in the corner with a sad PowerPoint, trying to convince you why they’re different.

DSPs: The Middleman Nobody Wants Anymore

Here’s where it gets fun: even in CTV, advertisers and publishers are realizing they don’t need DSPs as middlemen. Why pay a third cousin to negotiate your Netflix subscription? You don’t need them—and DSPs are making the process unnecessarily convoluted. Enter direct-to-publisher buys, and suddenly, DSPs are looking more and more like the forgotten fax machines of adtech.

With platforms like The Trade Desk’s OpenPath and PubMatic’s Activate, the programmatic world is making moves to cut out the middleman entirely. These platforms let advertisers go straight to publishers, removing the need for DSPs to take a chunk of your ad spend just for playing middleman. It’s like going back to the days of ad networks—only now it’s faster, smarter, and sprinkled with tech jargon to make it sound fancy.

The adtech giants are already making their play: OpenPath and Activate are all about premium video and CTV inventory, and they’re doing it without needing DSPs to hold their hand. Publishers like the sound of this—more control, more money, fewer middlemen. Advertisers? They’re loving the transparency, direct access, and higher ROI. This trend is only accelerating, and guess who’s left out in the cold? That’s right, your average DSP.

DSP Fraud: The Ugly Side Hustle

Let’s talk fraud, folks, because if DSPs have perfected anything, it’s how to create the perfect breeding ground for shady operators. Think of DSPs as the digital version of a cheap magic show—lots of smoke, mirrors, and sleight of hand, but the only thing disappearing is your ad dollars. It’s like they’ve set up a clearance sale for fraudsters, and guess what? You’re the sucker buying the same counterfeit goods over and over again. Bots, click farms, ghost websites—it’s all part of the act, and DSPs are just standing there with jazz hands, hoping you won’t notice that your hard-earned budget is going down the drain.

But let’s be clear: the problem is baked right into how these DSPs operate. They’re masters at piling on layers of complexity—pixel tracking, attribution modeling, programmatic bidding algorithms that sound way fancier than they are—and behind all that tech mumbo jumbo, fraudsters are running rampant. You think you’re targeting your ideal audience, but half the time, your ads are being clicked on by some bot in a server farm. It’s like buying a seat at the high-stakes poker table only to find out everyone else is bluffing with monopoly money, and you’re the only one still playing with the real thing.

And the kicker? This has been going on for years, and DSPs have more or less shrugged it off. Programmatic display ads have become so riddled with fraud that we’ve started treating it like an annoying roommate—yeah, they’re a pain, but we’ve learned to live with it. It’s as if we’ve accepted that a decent chunk of our ad budget is going to disappear into the digital ether, never to be seen again. Fraud in display is so common it’s like that leaky faucet you keep meaning to fix but never do, so you just put a bucket underneath and hope for the best.

But here’s the thing: CTV is a whole different ballgame. In the world of Connected TV, CPMs are through the roof, and advertisers aren’t just throwing around pocket change here. We’re talking serious dollars being funneled into premium ad slots during prime-time content. No one’s playing around when it comes to CTV—brands expect their ads to be seen by actual humans, watching actual content. If your DSP is serving those ads to a bunch of bots or streaming on some shady knock-off channel nobody’s ever heard of, you’re not just going to get a slap on the wrist—you’re getting roasted.

Now, if you think the fraud in programmatic display is bad, just wait until CTV ad spend really starts skyrocketing. The fraudsters are already drooling over the opportunity to wreak havoc on this emerging space. They’re gearing up to swarm the market like flies on a steak, and DSPs that aren’t built to handle this level of transparency? They’re going to get crushed. Bots will evolve, fake impressions will multiply, and if your DSP can’t sort out the legitimate traffic from the fraud? You’re toast.

The fact is, advertisers simply won’t stand for the same shenanigans in CTV that they’ve tolerated in display ads. When you’re paying top dollar for a prime spot in someone’s living room, you expect more than just a “trust us, it’s working” report from your DSP. You want real transparency. Not that half-baked, convoluted garbage DSPs have been dishing out for years. If a DSP can’t provide a crystal-clear look at where the ad’s running, who’s seeing it, and whether those impressions are real, they’re done. CTV is the new frontier, and DSPs that can’t handle it are about to find themselves on the wrong side of history.

The Future: Only a Few DSPs Will Live to See Tomorrow

So, where does that leave us? Buckle up because the future is going to be lean and mean. In a few years, we’re going to see 4 or 5 DSPs ruling the roost, and the rest will be footnotes in the sad history of adtech’s great DSP implosion. Those that survive will have to evolve—they’ll need direct connections to premium publishers, bulletproof fraud protection, and real-time bidding systems that don’t feel like you’re just burning money.

We’re headed for massive consolidation, and DSPs that don’t have a unique selling point are going to be snapped up like clearance items at a going-out-of-business sale. You don’t need a crystal ball to see this coming—it’s basic math. With CTV in the driver’s seat and everyone trying to grab a slice of that pie, the only DSPs that will survive are the ones that can handle the heavy lifting of video ads, cut out fraud, and actually make a difference.

Everyone else? They’ll become the RadioShacks of adtech—relics of a bygone era, desperately trying to sell the same inventory you’ve seen a million times, but no one’s buying anymore. And honestly? Good riddance. The DSP bubble is about to pop, and it’s long overdue.

End scene.

Data, AI, and Pants: Why Jennifer Jackson Says Only 4% Are Truly Dressed for Succes

Jennifer Jackson’s career path reads like the script of a tech-world reboot where the hero doesn’t save the day with algorithms or gadgets but with a deep-seated love of data and a refusal to take marketing at face value. From chemical engineer to marketing exec, Jackson is the ultimate plot twist. She’s one of those people who, after mixing chemicals and formulas, realized, “You know what? The real chemistry here is between me and marketing strategy.” And, let’s be clear, we should all be thankful she made the switch.

Before becoming CMO at Actian, Jennifer spent her time leveling up digital marketing strategies at Teradata, where she basically rewrote the company’s digital playbook. Think of her like the GM who comes in to turn around a floundering sports team: within a few seasons, the branding and customer engagement were winning trophies, and the fans—aka stakeholders—were back in their seats. She’s not just someone who pushes numbers around a spreadsheet; she’s leading the charge on how data can reshape an entire organization’s market strategy.

At Actian, she’s turned the place upside down in the best way possible. In her first act, she expanded the marketing team by 5x. Yeah, five times. That’s like walking into a one-bedroom apartment and turning it into a mansion with nothing but grit, some top-tier hires, and a data-driven vision. Actian’s marketing under her leadership became the kind of well-oiled machine that Silicon Valley dreams of. She’s focused on storytelling—but not the cheap kind. No, she’s all about compelling content that resonates, engages, and converts. It’s the stuff that doesn’t just grab attention but holds onto it like it’s a lifeline in a sea of SaaS competitors.

What makes Jackson different from every other marketing leader trying to ride the AI hype wave? For starters, she’s not just spouting AI buzzwords; she’s making sure her team is data-ready for AI. That’s the difference between Jennifer Jackson and the rest of the AI enthusiasts who dive headfirst into generative AI without thinking twice about whether their data even knows how to swim. She knows that without proper data quality and prep, your AI initiatives are doomed before they even leave the dock. Jackson isn’t one for hype. She’s for reality checks, delivering brutal truths to companies about their lack of data preparedness while handing out practical solutions. It’s a “tough love” approach, but it’s exactly what businesses need to hear if they don’t want their AI projects to end up like a tech industry cautionary tale.

She’s got a checklist for that, too—a GenAI Data Readiness Checklist. This isn’t some flowery list of things you “could” do; it’s a get-your-act-together guide to ensure companies don’t blow up their AI projects by overlooking basic stuff like data quality, integration, and management. According to Jackson, 87% of people agree that data readiness is essential, but only 4% are actually prepared. It’s like saying 87% of people agree that wearing pants is important, but only 4% actually put them on in the morning.

Beyond the practicalities, Jackson has a keen eye on the broader marketing world. She’s not interested in throwing around half-baked strategies or copycat ideas. In the SaaS space, where everyone thinks they’re revolutionizing something, Jackson doesn’t believe in easy wins. She’s built marketing teams that dive deep into messaging, data analysis, and operations—crafting an approach that’s both sophisticated and nimble enough to adjust on the fly. If B2B marketing seems a little like herding cats, Jackson’s out there with an army of catnip, getting things done.

And let’s not gloss over the fact that she knows how to harness the power of AI without letting it become the be-all and end-all. AI in Jackson’s world is like a very useful intern—good for research, content ideation, and the occasional coffee run, but it doesn’t replace the real brainpower that comes from human marketers. She’s been experimenting with AI as a productivity booster, whether for generating campaign ideas or handling routine content adaptation. But make no mistake: for Jennifer Jackson, humans and their creativity remain at the core. She sees AI as a tool, not a replacement—helpful for jumping off the starting blocks but not for crossing the finish line.

What does the future look like with Jackson at the helm of Actian’s marketing ship? Buckle up, because it’s going to be a wild ride of leveraging advanced data analytics, diving deeper into generative AI (but responsibly), and pushing the boundaries of what content can achieve in the B2B space. She’s got a no-nonsense approach to staying ahead in a landscape crowded with martech vendors. If your tech stack can’t scale, if your content doesn’t pop, if your data is a mess—well, you’re not going to cut it. Jackson has seen the top of the mountain, and she’s bringing Actian right to the summit with her.

Her formula for success is deceptively simple: data-driven strategies, a strong team, and authentic storytelling. But if it sounds easy, it’s because she’s one of those rare people who makes everything look effortless. Behind the scenes, though, it’s all meticulous planning, strategy, and—yes—data. Because as Jackson would tell you, “the data never lies.”

Mike Follett of Lumen Research: Viewability Is the Trophy You Get for Showing Up Late to the Party

Mike Follett has been on a relentless quest for attention—not his own, mind you, but yours—for longer than most marketers can even remember.

 He’s been preaching the importance of attention metrics since the early days of the internet, back when we were all still marveling at the sound of dial-up modems and clicking on banner ads without a second thought. 

In digital terms, Follett is practically a time traveler, coming to us from the ancient days of online advertising to remind us of something so fundamental that it’s almost embarrassing we still don’t get it: if people aren’t paying attention to your ads, they may as well not exist. He’s been that guy—the one up on the proverbial mountain, screaming, “If no one’s paying attention, your ad is like a tree falling in the forest when no one’s around—does it even make a sound?” And while it’s a catchy metaphor, it’s also Follett’s professional creed. He’s been repeating it for years, probably to the point of exhaustion, while the ad world has continued to sleepwalk through outdated metrics like viewability.’

For years, Follett has been the lone prophet in the desert, screaming into the wind about how the industry has it all wrong. Marketers and advertisers have been too busy drooling over viewability stats, patting themselves on the back for reaching some magical percentage that supposedly proves their ad was “seen,” even though they all know deep down it’s not really doing what it’s supposed to. Follett’s been standing on the sidelines, shaking his head, as if watching a child proudly tie their shoelaces wrong. “Just because an ad is on the screen doesn’t mean anyone’s actually seen it,” he says, and you can practically hear the sigh in his voice. It’s so simple, yet so widely ignored. For Follett, the obsession with viewability is like celebrating because your billboard is visible from the highway, even though everyone driving by is staring at their phones.

For years, Mike Follett has been the unwavering voice in the wilderness, resolutely sticking to his guns while the advertising industry stumbled from one trend to the next. As marketers jumped aboard every new bandwagon—whether it was programmatic advertising, influencer marketing, or whatever the latest shiny object of the day was—Follett refused to be swayed. He didn’t chase the buzzwords; he chased the one thing he knew really mattered: attention. In an industry that often seemed more interested in flashy presentations and empty metrics, Follett remained laser-focused on what actually drives results. It’s not that he was stubborn or unwilling to evolve with the times—it’s that he already knew the truth before the rest of the industry even realized there was a problem. Attention, not gimmicks, is what makes advertising work, and Follett wasn’t going to budge until the world caught on.

And finally, after years of beating the same drum, it seems like the industry is starting to catch up. For Follett, it must feel like vindication after spending what felt like an eternity shouting into the void. “We’ve been banging on about attention for years,” Follett says, and there’s a palpable sense of relief in his voice, “and finally, people are waking up to the fact that it’s the thing that really moves the needle.” It’s not just a metric; it’s the metric. While marketers were busy obsessing over impressions, click-through rates, and viewability percentages, Follett stayed in his lane, focused on proving that none of it mattered if no one was actually paying attention. Slowly but surely, the industry began to wake up to his message: attention isn’t just a bonus—it’s the cornerstone of effective advertising.

To Follett, attention is far more than a bullet point in a media plan or an optional metric to consider. It’s the oxygen that fuels the entire advertising ecosystem. Without attention, you might as well be shouting into the wind. He’s been saying it for years, practically screaming from the rooftops: if people aren’t paying attention, all those fancy ad campaigns, those shiny programmatic buys, and those influencer deals are nothing more than wasted effort. Attention isn’t a peripheral concern—it’s the lifeblood of advertising effectiveness, the one thing that can make or break a campaign. And now, after years of what must have felt like trying to teach a brick wall how to dance, the world is finally catching up. But for Follett, it was never a matter of if the industry would realize this—it was always just a matter of when.

But Follett isn’t just content to preach about the importance of attention—he’s built an empire around proving it. Enter Lumen Research, the company he founded to measure, quantify, and validate the one thing he knows matters: whether or not people are actually looking at your ads. This isn’t some abstract, feel-good mission; it’s based on cold, hard data, collected from actual human beings. Lumen uses eye-tracking technology to see if users are paying attention to ads or just mindlessly scrolling through their feeds. “Attention is what links media exposure to business outcomes,” Follett explains. And he’s not talking about casual glances; he’s measuring real engagement, down to the second. For Follett, the difference between an ad that’s technically viewable and one that actually captures attention is like night and day. If your ad isn’t grabbing attention, he says, you might as well be throwing money into the wind.

And Follett’s got the receipts to back it up. His company, Lumen Research, has analyzed a staggering 9,000 brand lift studies—yes, nine thousand—to prove, once and for all, that attention is the real driver of success in advertising. “We’ve shown that attention is the metric that correlates with brand outcomes like awareness and purchase intent,” Follett says, with the confidence of someone who knows he’s right. “It’s not just about whether someone could see the ad, but whether they did see it—and for how long.” This isn’t just conjecture; it’s data, pure and simple. Follett’s been vindicated by the numbers, and now he’s on a mission to get the rest of the industry to pay attention—literally and figuratively. If viewability is the attendance sheet—yeah, you showed up—attention is the report card that shows whether you actually learned anything.

But here’s the thing: despite all the data, despite the 9,000 studies and the mountain of evidence, Follett still has to deal with an industry that’s obsessed with the wrong metrics. “Too many brands are obsessed with viewability like it’s some kind of golden ticket,” he says, clearly frustrated. “But viewability is table stakes—it’s just the juice you have to pay to get into the game.” In other words, viewability is the bare minimum. It’s the participation trophy of advertising metrics. It’s not enough to just have your ad technically visible on a screen; you need to know if people are actually paying attention. And yet, so many marketers are still clinging to viewability like it’s the holy grail. “The real question isn’t whether your ad was viewable,” Follett explains, “it’s whether it was seen—and more importantly, did anyone care?” For Follett, this is the crux of the matter. He’s spent years trying to get the industry to shift its focus away from vanity metrics and onto what really matters: whether anyone actually notices your ad.

One of Follett’s favorite targets for his scorn is social media advertising. And honestly, who can blame him? “Are you really telling me that ads buried between TikTok dance videos are getting the same level of attention as a high-quality spot on a premium news site?” he asks, incredulous. It’s a rhetorical question, of course, because the answer is obviously no. And yet, brands continue to pour money into social media campaigns without any real understanding of where their ads are landing. “Context matters,” Follett says, “and brands that ignore that are just burning money for clicks.” He’s got a point—there’s a world of difference between a well-placed ad on a site where people are actively engaged and an ad that pops up between cat memes and viral dance challenges. But try telling that to marketers who are chasing impressions like they’re going out of style.

And don’t even get him started on clutter. If there’s one thing that drives Follett up the wall, it’s the over-saturation of ads on websites that are so cluttered with flashing banners and autoplay videos that you can barely find the actual content. “Cluttered sites with six ads firing at once? That’s not how you get more attention—that’s how you make sure people are tuning out,” he says, with the weariness of someone who’s had this argument far too many times. According to Follett, fewer, better-placed ads would actually increase attention, and as a result, increase the impact of the brand. It’s almost as if Follett is trying to drag the ad industry, kicking and screaming, into a future where less is more. He’s the guy at the party telling everyone to chill out with the fireworks and just focus on creating something that’s worth looking at in the first place.

But Follett isn’t just here to complain—he’s got solutions, too. He’s not content to just point out the problems; he’s also laying the groundwork for how to fix them. According to Follett, attention data can save programmatic from itself. “Attention data can cut through all the noise. It’s a beacon, a signal that says, ‘Here’s the good stuff,’” he explains. In his vision, attention data will help marketers identify which sites are actually worth investing in—sites where people are paying attention, not just clicking for the sake of clicking. “Sites with fewer ads, cleaner layouts—that’s where attention flows naturally,” he says. And here’s the kicker: those sites are often high-quality news outlets, the kind of places where people actually engage with the content they’re consuming. “This is how we start to funnel money toward cleaner, more enjoyable sites,” Follett says, with the confidence of someone who’s already seen the future.

So, what’s the takeaway here? Follett’s not just some old-school ad guy screaming into the wind. He’s a man with a vision—a vision that says the future of advertising belongs to those who understand that attention is the most valuable currency of all. And if the rest of the industry doesn’t catch on soon, they’re going to find themselves left in the dust. In Follett’s world, attention is king, and everything else is just noise.

The Art of Empowerment: Stacy Bohrer’s Blueprint for a Better Ad Ecosystem

Stacy Bohrer, the VP of Buyer Development at OpenX, is a force of nature in the adtech realm, and if you’re not paying attention, you might just miss the whirlwind that is her career. With more than two decades of experience stretching across the media landscape—radio, print, TV, and digital—Stacy is no stranger to navigating the chaotic waters of advertising. She’s got the wisdom of an industry veteran and the energy of someone just getting started, making her a remarkable leader in the digital advertising space.

The Path to OpenX: A Career Built on Disruption

Before joining OpenX in March 2022, Stacy was busy building a legacy at The Trade Desk and Crisp, where she ascended to the ranks of programmatic buying royalty. At The Trade Desk, she didn’t just help establish the Midwest sales team; she single-handedly turned it into a juggernaut, proving that she could not only talk the talk but also strut the walk while juggling the demands of advertisers like a seasoned circus performer. Imagine a ringmaster in a digital carnival, expertly balancing flaming torches and spinning plates, all while keeping the crowd entertained. Her blend of experience gives her a superhuman ability to decode what clients need, which is crucial in an industry where the only constant is change—and that change can hit harder than a caffeinated intern on a Monday morning.

When she leaped to OpenX, it wasn’t just a career move; it was akin to stepping onto the battlefield armed with a sharpened sword and a vision to redefine what an SSP (Supply Side Platform) can do. In a world where everyone seems to be flinging around buzzwords like “transparency” and “data privacy” as if they were free samples at a supermarket, Stacy is the one ensuring that OpenX actually lives up to those promises. She’s the real deal in a landscape littered with jargon, cutting through the clutter with the precision of a samurai. Her mission? To transform OpenX from just another cog in the adtech machine into a powerhouse that not only promises but delivers.

Stacy’s approach is unapologetically bold and refreshingly straightforward. She doesn’t do fluffy talk or vague assurances; she’s all about results and accountability. When she says OpenX is committed to transparency, she doesn’t just mean it in passing. She means they’re putting their money where their mouth is, creating structures and systems that genuinely reflect their values. It’s like the difference between a fast-food joint that claims to serve “fresh ingredients” and a farm-to-table restaurant that actually shows you the local produce. In a space where integrity is often sacrificed on the altar of profit, Stacy stands firm, crafting a narrative that resonates with both clients and consumers alike.

Stacy is no stranger to the chaotic dance of digital advertising. She thrives in the chaos, using her superhuman insights to anticipate shifts in the market before they happen. In an industry notorious for its volatility, she operates with a level of foresight that many can only dream of. This knack for understanding not just the numbers but the emotional drivers behind them allows her to craft campaigns that aren’t just effective but also impactful. It’s like she has a crystal ball that shows her not just what consumers want but what they will want tomorrow—an enviable skill in a world where trends can change with the flick of a smartphone screen.

Her journey at OpenX is a testament to her unwavering belief that advertising can—and should—be more than just a transaction. It should be a dialogue, a dance, a partnership built on trust and mutual success. She’s here to shatter the old paradigms that have held the industry back, making way for a new era where genuine connection reigns supreme. In her world, advertisers are not just checking boxes; they’re telling stories, creating experiences, and fostering communities. This vision of a more holistic approach to advertising sets OpenX apart and makes Stacy a force to be reckoned with in the ever-evolving adtech landscape.

Curation and Control: The New Ad Game

Stacy Bohrer is on a crusade to make advertising great again—sorry, not sorry, I couldn’t resist. Her mantra? Curation is king. This isn’t just a catchy phrase; it’s a battle cry for her approach to modern marketing. Stacy is passionate about the idea that effective advertising is all about delivering unforgettable experiences to audiences, and she isn’t shy about articulating this vision. For her, curation is the strategic art of assembling and activating advanced audiences while filtering out the fluff that can clutter campaigns. In a world overwhelmed by digital noise, she believes it’s crucial to cut through the chaos and deliver messages that resonate deeply with target consumers. If you’re just throwing spaghetti at the wall to see what sticks, you’re doing it wrong.

Under Stacy’s guidance, OpenX has transformed into a powerhouse of supply-side curation, revolutionizing the way advertisers connect with their audiences. Gone are the days when marketers could rely on broad-brush strategies and hope for the best. Today’s buyers demand transparency and quality like never before, and Stacy recognizes that delivering on these expectations is non-negotiable. They don’t just want impressions; they want clarity. They want to know exactly what they’re getting for their hard-earned cash, and they deserve nothing less. This has led OpenX to adopt a more refined approach to advertising, where understanding audience intent and preferences takes precedence.

Stacy’s commitment to curation doesn’t merely improve efficiency; it enhances the overall effectiveness of advertising campaigns. By meticulously assembling audience segments, OpenX enables advertisers to target their messaging with laser precision. This shift represents a fundamental change in how ads are bought and sold, moving away from the scattergun approach to a more targeted, strategic framework. The result? Campaigns that not only reach the right people but also engage them in meaningful ways. For marketers who are tired of seeing their messages lost in the noise, OpenX provides a beacon of hope—an opportunity to connect authentically with audiences.

Moreover, Stacy understands that the landscape of digital advertising is constantly evolving, influenced by shifting consumer behaviors and regulatory changes. This reality further underscores the importance of curation in her strategy. As data privacy becomes increasingly paramount, the need for responsible and ethical advertising practices grows stronger. Stacy champions a multi-faceted approach that not only respects consumer privacy but also fosters trust. Advertisers can no longer afford to operate in silos; collaboration and transparency are essential to maintaining strong relationships with consumers.

Stacy’s vision for OpenX is also a call to action for advertisers to rethink their strategies. In her eyes, the industry must embrace curation not just as a tactic but as a guiding principle. By doing so, marketers can create campaigns that truly resonate and drive results. This perspective empowers advertisers to take ownership of their messaging and positions OpenX as a partner in achieving their goals. The emphasis on quality over quantity ensures that resources are invested wisely, leading to higher returns on investment and more impactful connections with audiences.

In this brave new world of advertising, Stacy Bohrer is leading the charge, encouraging marketers to elevate their game through thoughtful curation. Her approach is a refreshing antidote to the overwhelming complexities of the digital landscape, reminding everyone that advertising is ultimately about creating connections. As she continues to pave the way for innovative strategies at OpenX, Stacy is not just transforming the company; she’s setting new standards for the entire industry. With curation at the heart of her philosophy, she’s proving that the future of advertising can be both effective and meaningful.

Embracing Challenges Like a Boss

Stacy Bohrer is acutely aware of the myriad challenges modern marketers face, particularly in an environment marked by rapid change and uncertainty. Data privacy regulations are tightening, and the impending shift to a cookieless world presents significant hurdles for advertisers trying to effectively reach their audiences. With consumers becoming more privacy-conscious and demanding transparency about how their data is used, marketers are scrambling for innovative solutions to navigate these new waters. Stacy emphasizes that “solving these addressability issues requires a multi-layered approach,” which is critical in an era where traditional tracking methods are being dismantled. OpenX has been laying the groundwork for addressing these challenges for nearly a decade, ensuring that it is ahead of the curve in developing tools that empower marketers to succeed without compromising consumer privacy.

This long-term vision is not just about surviving in a cookieless future; it’s about thriving by providing marketers with the necessary insights and resources to craft successful strategies. By investing in technologies that promote data interoperability and adopting robust privacy practices, OpenX is setting itself apart as a leader in the field. Stacy’s emphasis on a multi-layered strategy underscores the need for innovation in data collection and audience engagement methods. This might involve leveraging first-party data, utilizing contextual targeting, and integrating advanced identity solutions that allow marketers to connect with their audiences effectively while adhering to new privacy standards. It’s a complex puzzle, but Stacy is confident that OpenX has the pieces to make it work.

In a world filled with digital chaos, where every click and impression can feel like a gamble, Stacy firmly believes in the power of trusted partnerships. Advertisers need allies who are willing to roll up their sleeves and work alongside them, rather than merely offering services from a distance. She recognizes that the best outcomes arise from collaboration, where both parties are invested in mutual success. This philosophy goes beyond transactional relationships; it’s about creating genuine value and understanding what clients will need both today and tomorrow. By being attuned to the evolving landscape of digital advertising, Stacy ensures that OpenX can not only meet the immediate needs of its clients but also anticipate their future requirements.

Sustainability and Responsible Media: A Personal Mission

Stacy’s vision extends beyond immediate advertising concerns; she’s deeply invested in creating a sustainable digital advertising ecosystem. OpenX’s impressive feat of achieving Net-Zero certification sets a benchmark in the industry. By migrating their technology infrastructure to the cloud and prioritizing remote work, OpenX has successfully reduced its carbon footprint while still driving substantial ad revenue. This commitment to sustainability showcases that profitability and environmental responsibility can coexist.

Moreover, Stacy is passionate about responsible media practices, underscoring the significance of diversity, equity, and inclusion (DEI) in the adtech space. She has become a vocal advocate for increasing the representation of women, particularly BIPOC women, in leadership roles. As she points out, seeing more women in leadership positions inherently encourages others to envision a pathway for themselves in tech. This representation is crucial in fostering a diverse workforce that drives innovation and success within organizations.

Leadership Philosophy: Empowerment Over Micromanagement

Stacy Bohrer’s leadership style is a refreshing breath of air in an industry often bogged down by the weight of hierarchy and bureaucracy. She firmly believes in the principles of empathy and empowerment, championing a servant leadership model that focuses on prioritizing the needs of her team. In her view, effective leaders don’t just delegate tasks; they actively remove obstacles that could hinder their team’s success. By fostering an environment where employees feel safe and supported, Stacy encourages her team members to express their authentic selves. This openness is not merely a nicety; it’s a strategic choice that enhances creativity and drives performance. When team members know they can take risks and explore innovative ideas without fear of reprimand, the entire organization benefits from a culture of ingenuity.

Stacy’s commitment to servant leadership goes beyond internal team dynamics; it manifests in her dedication to mentorship and community support. She actively participates in various mentorship programs designed to uplift the next generation of women in tech. In an industry where female representation still lags, Stacy recognizes the urgency of fostering diversity and inclusion. Her involvement in these initiatives is not just about checking a box; it’s about creating pathways for women to thrive in tech roles traditionally dominated by men. By sharing her experiences and insights, she aims to inspire and guide young professionals, helping them navigate the complexities of their careers.

What sets Stacy apart is her tangible commitment to supporting these initiatives financially. All proceeds from her mentoring sessions are directed toward organizations dedicated to increasing female representation in technology. This philanthropic approach underscores her belief that mentorship should be both impactful and sustainable. By investing in the next generation, she’s not only giving back to the community but also cultivating a stronger, more diverse workforce for the future. Her actions speak volumes about her values, reflecting a deep-seated belief that empowering others is the key to long-term success.

Ultimately, Stacy Bohrer’s approach to leadership serves as a model for others in the industry. By prioritizing empathy, removing barriers, and investing in mentorship, she not only elevates her team but also contributes to a broader movement toward inclusivity in tech. Her commitment to fostering an environment where everyone can succeed creates a ripple effect that extends beyond OpenX, inspiring other organizations to adopt similar practices. In a landscape that often feels fragmented and competitive, Stacy is a beacon of hope, proving that when leaders invest in their people and communities, the entire industry can thrive.

The Road Ahead: A Bright Future

With her keen insight and expertise, Stacy Bohrer is poised to continue her influential role at OpenX, where she will undoubtedly keep pushing the boundaries of what is possible in digital advertising. As the industry grapples with the complexities of data privacy, sustainability, and the need for authentic partnerships, Stacy’s leadership and vision will be pivotal in shaping a more transparent and responsible advertising landscape.

In a digital advertising world often likened to the Wild West, Stacy Bohrer emerges as a steady hand, guiding her team and clients through the dust and chaos with determination and strategic foresight. Her journey is a testament to the power of leadership rooted in empathy, empowerment, and a fierce commitment to sustainability—a beacon of hope for the future of adtech.

Stacy’s insights and experiences offer invaluable lessons on resilience, creativity, and the importance of lifting others as we climb. As she continues to make her mark, one thing is clear: the future of digital advertising is brighter, more inclusive, and more responsible with leaders like her at the helm.

ThinkPad to Think Big: Rabin’s No-Nonsense Path to Lenovo’s Future

David Rabin, Lenovo’s CMO for the Solutions and Services Group (SSG), is like the guy in a high-stakes poker game who looks at everyone else frantically tossing chips around and says, “Let’s not lose our heads here, folks.” He’s seen more martech trends come and go than most of us have had bad lattes. But unlike those who get whiplash from chasing every new shiny tool, Rabin has built a career on cutting through the noise with the sharp edge of common sense. And maybe a little bit of old-school customer obsession—just a bit.

Now, don’t get it twisted. Lenovo, for many, still conjures up images of your dad’s indestructible ThinkPad—a trusty but somewhat clunky laptop built like a brick. But Rabin’s not here for your outdated perceptions. He’s the guy tasked with shifting Lenovo from just “that hardware company” into a serious contender in the end-to-end technology solutions game. He’s been hustling at Lenovo for 18 years, and if anyone’s equipped to shake things up, it’s this guy. As Rabin puts it, Lenovo has been undergoing a “landmark transformation,” pivoting from hardware-focused to full-scale tech services powerhouse. And no, he doesn’t need another ThinkPad meme to remind him of where they came from.

But Rabin isn’t here to play nice or tiptoe around the obvious. One of his biggest gripes with B2B marketing is execs who don’t know how to stick to a strategy. “Pick a direction, stick with it, and give it time to work,” he advises, like the marketing Yoda we all need. It’s the equivalent of your personal trainer telling you to stop switching workout routines every week and actually give one a chance to, you know, do its job. Marketing doesn’t yield results overnight, and Rabin has no patience for executives who panic at the first sign of uncertainty and start changing lanes like a NASCAR driver hopped up on Red Bull.

Speaking of change, Rabin is very clear on one thing: data is crucial, but if you’re trusting it blindly, you’re cruising for a bruising. “Find the truth in data,” he says, but with a healthy dollop of skepticism. He’s seen too many marketers get duped by pretty numbers that don’t hold up under scrutiny. In Rabin’s world, gut-checking isn’t just optional—it’s required. If the data says one thing and your instincts scream another, it’s time to dig deeper. Marketers, he warns, need to triangulate their data like a survivalist with a compass, a map, and an SOS flare.

And then there’s the AI conversation—because of course, there is. While plenty of marketers are still wringing their hands over whether AI will take over their jobs, Rabin’s already making AI work for him. Lenovo’s use of AI in content creation has slashed costs by 70%, while speeding up production time by 4x. That’s not a typo. Four times faster. And here’s the kicker: Rabin doesn’t think AI is here to steal jobs. Instead, he believes it’s going to “reframe the work we do” and make smart marketers—those who actually know how to leverage AI—more valuable than ever.

But Rabin’s not all sunshine and rainbows about technology. He’s well aware of martech’s potential pitfalls. His mantra? Less is more. Lenovo consolidated its sales enablement tools from a bloated mess of dozens down to a single, streamlined platform. He’s not interested in fluff—if it doesn’t work, it gets tossed out like last year’s iPhone. As he puts it, “We get paid for impact, not outputs.” Translation: just because you’re churning out a ton of content doesn’t mean any of it’s good or useful. Rabin is the guy who will look at your 10-page marketing report and ask, “Yeah, but what did this actually do?”

When it comes to the future, Rabin’s vision is clear: AI is going to allow for hyper-personalization at speeds we couldn’t dream of a few years ago. But that doesn’t mean it’ll be a smooth ride. He anticipates a landscape of deeper fragmentation—more tools, more AI, more specialized solutions. In other words, the marketer of the future will need to be a bit of a tech-savvy juggler. And just in case you thought you could get by with today’s tactics, Rabin leaves you with a final thought: “If you don’t keep up, someone else will happily take your place.”

In a nutshell, Rabin is the no-BS CMO who’s seen it all, done most of it, and still has the energy to tell everyone else how it’s done. If you’re a marketer prone to shiny object syndrome, his advice is simple: calm down, focus, and get your act together before the competition eats your lunch.

AdTech’s Conductor of Chaos: How Dave Morgan Sees Through the Industry’s Smoke and Mirrors

Alright, everyone, hold onto your overpriced coffee cups because today we’re diving deep into the psyche of one of ad tech’s OG disruptors—Dave Morgan.

 You know, the guy who’s been playing 4D chess in TV advertising while the rest of you are still trying to figure out how to beat the algorithm on TikTok. Morgan, for those of you who’ve been living under a pile of discarded NFTs, is the Chairman and Founder of Simulmedia—an outfit that’s redefining how TV advertising works.

 Before that, he built Tacoda and Real Media, and yes, he’s been shaping the space since before “programmatic” was even a thing. And no, “programmatic” isn’t some fancy way to say you’re automating everything in your life, like a Roomba on steroids.

Let’s be clear, Dave Morgan isn’t your typical ad tech sage. He’s more like the Gandalf of TV advertising—minus the fluffy speeches and with way more side-eye. He’s the guy at the fancy industry mixer, casually sipping his scotch while everyone’s getting jazzed about the latest buzzword bingo. And just when the hype reaches its peak, he leans in, smirks, and says, “That’s not even remotely how this game is played.”

CTV: A $30 Billion Mirage?

Let’s start with the elephant in the room: Connected TV, or as the acronym-loving crowd calls it, CTV. If you’ve been paying any attention, you’ve probably noticed that everyone in the industry is hyping it up like it’s the second coming of digital advertising—some kind of magical cure for all the garbage banner ads, pre-roll disasters, and creepy retargeting that’s been following you around like a stalker on your worst day online. The industry treats CTV like it’s the panacea for all the sins of digital media, boasting projections of $30 billion in ad spend this year alone, as if tossing cash at a problem makes it go away.

But, folks, Dave Morgan isn’t here for your Kool-Aid. If you’re sipping the CTV hype, Dave’s about to knock that cup out of your hand with a big ol’ dose of reality. “There’s this notion that there’s an open web on CTV. There isn’t,” Morgan says, not even bothering to sugarcoat it. And he’s not wrong. For all the talk of CTV being the Wild West, where brands can stake their claim and advertisers have a level playing field, the truth is a little more exclusive. “If it’s not controlled by one of the nine major companies, it’s not real,” Dave continues. Essentially, if you’re not in with the big nine—think Amazon, Roku, Google, and their ilk—you’re playing in the minors, hustling on the outskirts while the big leagues control the game.

That dreamy idea of a democratized CTV landscape where anyone with a decent idea and some programmatic magic can hit it big? It’s like believing Facebook actually cares about your privacy. Sure, they say they do, but in reality, you’re just the product being sold. CTV’s no different. If you’re not on the inside, you’re the guy in the parking lot trying to sell bootleg mixtapes while the party rages inside the mansion.

Let’s not forget how everyone’s falling over themselves about the money. Oh, the money. With $30 billion on the line, people act like CTV is the next gold rush, throwing around figures so massive, it feels like you’re reading about a government bailout rather than ad spend projections. But Dave’s not buying into the frenzy. “We’re in a build-it-now, fix-it-later situation,” he says, and it’s a line that hits harder than a slap in the face with a reality check. Think about that for a second. This supposed $30 billion savior of the advertising industry? It’s more like an IKEA project—half-built, with missing pieces, and no real instructions. Sure, it looks good from afar, but up close, it’s wobbling on a shaky foundation.

Morgan doesn’t stop there. Ad serving in sports, one of the biggest growth areas for CTV, is also a hot mess. “Nobody’s even got a real-time ad server for sports on CTV,” he adds, almost incredulously. That’s right, despite all the posturing and promises from ad tech companies, we’re nowhere close to being able to deliver real-time, dynamic ads in sports—one of the biggest moneymakers in TV. Instead, what you’re watching are ads that were stitched together ahead of time like some kind of Frankenstein’s monster, sewn up with whatever tech could be cobbled together in time for the broadcast. You thought those ads during the big game were happening in real-time? Nope. They were stitched in like they were part of a pre-recorded sitcom.

Morgan’s take? We’re trying to push a system that isn’t ready for primetime, much less capable of handling the monumental growth being promised. He’s the guy pointing out that we’re building a rocket but forgot to check if we packed the parachutes. “It’s the shiny new thing everyone’s chasing,” he says, “but the infrastructure is still nowhere near where it needs to be.” It’s like a high-speed train barreling down a half-finished track, and everyone’s just hoping it doesn’t derail before it reaches the station.

The Easy Button Fantasy

Let’s talk about the industry’s favorite bedtime story—the “easy button.” If you’ve ever sat through a pitch where a company promises that their platform will “optimize your ads with one click,” you’ve been sold a dream, my friend. It’s as real as those “work from home” schemes your aunt keeps posting about on Facebook. According to Morgan, the easy button mentality is wrecking the ad tech world faster than crypto bros wrecked their portfolios last year.

“We’re simplifying things to the point of breaking,” Morgan says, with a tone that suggests he’s about ten seconds away from throwing his hands up and walking out of the room. Marketing used to be this noble profession where people actually had to think. Now, it’s “five percent of their job,” according to Morgan, and the rest of the time? They’re stuck managing a giveaway on Instagram or some “viral” TikTok challenge.

What’s the real problem? It’s not just lazy marketing—it’s an epidemic of ad tech companies bending over backward to give marketers exactly what they want, even when they have no idea what they want. The industry has turned into a wish-fulfillment machine, cranking out low-effort “solutions” that just paper over deeper problems. It’s like building a sandcastle while a tsunami’s coming in.

Morgan’s frustration is palpable. “We’re letting people push pricing down, delivering fake stuff, and then burning the market,” he says. It’s like a bad episode of “Shark Tank,” where everyone is throwing buzzwords around like confetti, hoping someone will actually make sense of them. But the kicker? The people pushing the easy button don’t even understand how advertising works. “They’ve been trained on banner programmatic and think that’s how brands are built,” Morgan laughs. Spoiler: It’s not.

Shoppable TV: Real Innovation or Digital Duct Tape?

Ah yes, shoppable TV. The buzzword du jour that’s supposed to “blur the line between entertainment and retail.” Picture this: You’re binge-watching Stranger Things, and suddenly, there’s a pop-up offering you a chance to buy Eleven’s sneakers. Isn’t that just what we’ve all been waiting for? According to Morgan, not so much. “We’re slapping a shopping cart on your Netflix binge watch,” he says, and it’s hard to argue with him.

Sure, Roku’s teamed up with DoorDash, and Amazon’s pushing shoppable content like a Black Friday sale that never ends, but Morgan sees right through it. He’s been around long enough to know that just because something is “new” doesn’t mean it’s better. “Look at QVC,” he says. “They’ve been doing this for decades, and while it may not be sexy, it works.” The lesson here? Just because you slap an “innovative” label on something doesn’t mean you’ve reinvented the wheel. Sometimes, it’s just a shinier version of what we already had.

The real winners, according to Morgan, are companies like Walmart. “Walmart Connect understands how TV ads and in-store experiences come together,” he says, giving a nod to Ryan Mayward over at Walmart, who’s got his hands deep in the retail media cookie jar. You want to see the future of shoppable TV? It’s not in some pie-in-the-sky Netflix integration—it’s in understanding how to move product, both online and in stores, in a way that makes sense.

Programmatic: The Wild West of Ad Tech

Let’s not forget the mess that is programmatic advertising. The digital supply chain is more bloated than a post-Thanksgiving dinner belly, and nobody seems to know where all the money’s going. “There are too many middlemen,” Morgan says flatly. “I keep hoping they’ll all get sucked out of the market, but they just keep hanging on.” It’s like a scene from a zombie apocalypse movie where no matter how many you take down, more keep popping up.

Morgan’s real gripe isn’t just with the bloat—it’s with the moral vacuum that’s been created in the process. Rebates, undisclosed fees, sketchy deals—it’s all part of the game, and most people don’t even want to know how deep the rabbit hole goes. “People don’t want to admit how much waste is in the system,” he says. And why would they? Admitting it would mean getting fired. It’s like discovering your kitchen’s infested with rats but deciding to burn the house down rather than deal with it.

Fraud and the Dark Underbelly of Ad Tech

Now, let’s get into the dark stuff—fraud. This is where the skeletons in the ad tech closet really start to pile up. If you’ve been in this industry for more than five minutes, you know fraud isn’t just an occasional hiccup; it’s baked into the very system. It’s the worst-kept secret, whispered behind closed doors and over overpriced drinks at every conference. The dirty little truth that nobody wants to acknowledge? “Half of their stuff is junk,” Dave Morgan says, not mincing a single word. “More than half has to be fake for them to get a margin.” Let that sink in for a minute. We’re talking about the majority of inventory in the market being either fake or so low-quality it makes you question the integrity of the entire system. It’s like buying a knockoff Rolex in Times Square but somehow managing to do it with millions of dollars at stake—and nobody’s calling the cops.

Morgan’s not pulling any punches here, and why should he? The fraud problem in ad tech is the kind of ugly truth that everyone’s happy to sweep under the rug because, frankly, it’s just too damn lucrative. We’re not talking about a few bad apples here; we’re talking about an orchard of rotting fruit. “The system’s too lucrative to fail,” Morgan says, summing up the core issue. The sheer volume of money sloshing around in programmatic advertising is enough to keep the wheels turning, no matter how much of it is wasted. Everyone’s making their cut, so why rock the boat? It’s like a casino where the house always wins—only in this case, the house is a labyrinthine mess of middlemen, kickbacks, and opaque deals that would make even the shadiest Wall Street broker blush.

And the real kicker? The system isn’t just built to handle fraud—it’s designed for it. “A lot of people don’t have the intellectual curiosity—or the desire—to know how it works,” Morgan says, hitting the nail on the head. It’s not just that people don’t know how deep the fraud runs; they don’t want to know. Pulling back the curtain on this mess is like opening Pandora’s box—once you see what’s inside, you can’t unsee it. The system is a Rube Goldberg machine of misaligned incentives, and most people are just happy to let it keep clanking along as long as their paycheck clears.

And really, who wants to admit they’re part of the problem? If you’re an agency or a marketer, confessing that half the inventory you’re selling is garbage is like admitting you’ve been peddling snake oil. It’s career suicide. “There’s so much money tied up in it that nobody wants to be the one to blow the whistle,” Morgan explains. It’s a classic case of willful ignorance—everyone’s in on the grift, but nobody’s willing to speak up because there’s just too much cash on the table. Imagine if a doctor knew that half the pills they were prescribing were sugar, but shrugged it off because the drug company was paying them under the table. Welcome to ad tech.

Morgan paints a bleak picture of just how deeply fraud is entrenched in the ecosystem. “You can’t deliver real stuff at the prices some of these companies are promising,” he says, pointing to absurdly low CPMs that are mathematically impossible without cutting major corners. For a real advertiser, the landscape looks less like an opportunity and more like a digital minefield. Every time you think you’re reaching an audience, there’s a decent chance you’re paying for bots, fake clicks, or straight-up ghost ads. It’s like throwing a party and realizing halfway through that half the guests are cardboard cutouts.

So, what’s the solution? Transparency, obviously, but that’s about as popular in ad tech as a tax audit. “We need to stop letting people sell lies,” Morgan says. He’s not asking for a revolution—just for a system where buyers actually know what they’re paying for. Crazy idea, right? Yet, here we are, still talking about this in 2024, while the fraudsters laugh all the way to the bank. It’s a game of smoke and mi

The Real Takeaway: Dave Morgan’s Big Picture

So, what’s the moral of the story? Well, if you’re looking for a neatly tied-up conclusion that’ll make you feel good about the state of ad tech, you’re in the wrong place. The industry is a mess, a convoluted jungle of middlemen, opaque deals, and outright fraud. And Dave Morgan, having seen it all from the front row, isn’t the kind of guy to sugarcoat that reality. He knows it’s not going to fix itself because the rot goes too deep. But here’s the kicker: Morgan isn’t just sitting around complaining about the state of things. He’s still in the game, pushing for the one thing this industry desperately needs but keeps dodging like a bad Tinder match—accountability.

Morgan’s been around the block enough times to know that the system isn’t built for easy fixes. The entire ad tech ecosystem, as he sees it, is too lucrative to fail and too flawed to thrive long term. But he’s not the kind of guy to throw up his hands and walk away. Instead, he’s advocating for transparency—not just the kind that gets you a gold star from your compliance department, but real transparency. The kind where you actually know where your ads are being placed, who’s selling them, and how much you’re paying for the privilege. In a world where most people are happy to stay in the dark, Morgan’s calling for everyone to flip on the lights and take a good, hard look at the mess we’ve all created.

Here’s the thing: Morgan’s not here for the industry buzzwords or the empty promises of “disruption” or “innovation” you hear at every ad tech conference. Those are just shiny distractions. “I don’t care about the fluff,” Morgan says. He’s after the truth, the ugly, inconvenient truth that nobody wants to confront because, well, the truth doesn’t sell software or win awards at Cannes. But that’s exactly what makes him the rare voice of reason in an industry that’s often more about appearances than results. Morgan’s been inside the machine long enough to know what’s really going on, and he’s not afraid to call it out.

And let’s be real—most people in ad tech don’t want to hear what Morgan has to say. Why? Because the truth is uncomfortable. The truth means admitting that a lot of what’s happening behind the scenes is straight-up broken. It means acknowledging that for every fancy dashboard you’re looking at, there’s a whole lot of garbage inventory and questionable data lurking behind the curtain. “Most people don’t want to know,” Morgan says. And that’s the crux of the problem. People are too busy patting themselves on the back for their “innovative” solutions to admit they’re part of a dysfunctional system.

But if you’re sitting there sipping your $6 oat milk latte, thinking about how to optimize your latest funnel or push your next programmatic campaign, just know that Dave Morgan is out there somewhere, shaking his head. He’s watching the industry try to duct-tape itself together, and probably muttering under his breath, “That’s not how any of this works.” Because here’s the thing—if you’re still treating ad tech like a game of darts, where you just throw money at a wall and hope something sticks, you’re missing the point entirely. The future of advertising doesn’t belong to the loudest hype or the most complicated tech stack. It belongs to those who actually understand how to fix the broken system.

And what does fixing it look like? It’s not glamorous. It’s not going to get you trending on Twitter or give you the keynote spot at AdWeek. But it’s necessary. “We need to build a better ecosystem,” Morgan insists. One where fraud is weeded out, transparency is the norm, and everyone—marketers, agencies, platforms—takes responsibility for cleaning up the mess we’re in. It’s not just about stopping the bad actors; it’s about holding ourselves accountable for the decisions we make every day in this business. That’s the kind of change Morgan is pushing for, and honestly, it’s the only kind that’s going to save this industry from itself.

Anthony Katsur: The Man, the Myth, the Cookie-Crushing, CTV-Wrangling Legend

If there’s one person who could navigate the mind-numbing intricacies of the digital ad ecosystem and still walk away with a smirk, it’s Anthony Katsur. I really like this guy.
 As the CEO of IAB Tech Lab, Katsur doesn’t just know where the proverbial bodies are buried in the industry—he probably had a hand in digging a few of those graves. We’ve had him on The ADOTAT Show before, and it’s no surprise we had to bring him back for more, because when someone’s juggling privacy standards, cookie apocalypses, and CTV chaos, there’s always a fresh fire to put out or a new digital labyrinth to untangle.

Katsur has been at the heart of adtech long enough to watch entire fads rise, fall, and be recycled under different names, all while keeping a straight face. He’s seen Google play chicken with the entire industry over cookies, the Wild West of Connected TV (CTV) grow into an unruly toddler on a sugar high, and witnessed privacy standards evolve from corporate jargon to full-blown regulatory gauntlets. And now, here he is, talking to us about the latest curveballs coming at the adtech world—curveballs that he’s not just watching but actively trying to bat away.

Three Years of Digital Firefighting: Katsur’s Take on Surviving IAB Tech Lab’s Rollercoaster

Most people might celebrate their three-year work anniversary with a cake or a half-hearted office party, but Anthony Katsur? He’s been wrangling the chaos of digital advertising at IAB Tech Lab for three years, and he’s still standing—barely. And when I say barely, I mean this man’s had his hands in so many fires that it’s a wonder he’s still got skin left.

When I asked Katsur about his most “I can’t believe this is my job” moment, the list was long and storied. From analyzing the Privacy Sandbox (more on that nightmare later) to rubbing shoulders with tech gods like Scott Galloway and Kara Swisher, Katsur’s had his share of “what is happening right now?” moments. But let’s get one thing straight—he’s not just there to shake hands and kiss babies. He’s orchestrating some of the most critical conversations about the future of digital advertising, and he’s loving every second of the insanity.

The real kicker came with the Tech Lab’s analysis of Google’s Privacy Sandbox last year, a watershed moment where Katsur’s team didn’t just poke holes in Google’s shiny new ideas—they used a flamethrower. And for good reason: the Sandbox, as it stands, could decimate publisher revenue while leaving adtech scrambling for cover. It’s like being invited to a party where the host forgot to buy snacks and then asked you to foot the bill. Katsur? He’s not afraid to call it like he sees it, even when Google’s the one holding the purse strings.

But let’s not kid ourselves—the guy thrives on this madness. He loves his job, and in an industry that’s been flipping tables and reinventing itself faster than a toddler hyped up on Pixy Stix, that’s saying something.


Cookies and the Apocalypse That Wasn’t

Remember when Google told us they were finally going to pull the plug on third-party cookies? Well, here we are, years later, and cookies are still hanging on for dear life. Every time we brace ourselves for the big moment, Google hits us with another delay like a broken record that won’t stop skipping. It’s like we’re all trapped in some surreal waiting room where the receptionist keeps saying, “The doctor will be right with you,” but the doctor’s halfway to Tulum sipping a margarita.

So, how does Katsur feel about this digital limbo? Is he rolling his eyes every time Google pulls another fast one? Not quite. In fact, Katsur has more sympathy for the search giant than you’d expect. According to him, what Google’s trying to do is a herculean task. They’re playing tug-of-war with privacy regulations, advertising use cases, and the relentless demands of regulators like the CMA in the UK. It’s a balancing act that makes the Flying Wallendas look like amateurs.

But don’t mistake Katsur’s sympathy for leniency. He’s quick to point out that while the third-party cookie might not be the sole cause of privacy woes, it’s certainly been the whipping boy of the digital advertising world. Cookies, he says, have been abused and over-promised, a scapegoat for privacy issues when the real problem lies in how they’ve been used. Katsur sums it up perfectly with one of his now-famous analogies: “Blaming the cookie for privacy lapses is like blaming the car for a drunk driving accident.” You know, it’s not really the cookie’s fault, but we’ve all let things get a little out of hand.

So where does that leave us? According to Katsur, the third-party cookie is already halfway in the grave—Apple and Mozilla have already dumped it like last season’s fashion trends. For Google, it’s not a question of if, but when. And when the time comes, we’ll all need to find a new data crutch. Luckily, Katsur’s got a plan for that, too.


The Global Privacy Platform: A Lifeline or a Lead Balloon?

Enter the Global Privacy Platform (GPP), Katsur’s pride and joy—a set of standards meant to help the ad industry navigate the stormy seas of global privacy laws. Sounds great, right? Well, sure, if you can get companies to actually adopt it. While dozens of companies have already signed on, from big publishers to major adtech players, there’s still a sense of dragging feet. It’s the age-old dilemma: everyone loves the idea of compliance… as long as someone else does the heavy lifting.

When I cheekily asked if some companies were just hoping regulators would get bored and move on, Katsur didn’t hold back. “No one is under the illusion that regulators are just going to forget about privacy,” he says. And he’s right. We’re in the early stages of what Katsur calls a “new privacy regime,” one that kicked off with the GDPR and has since spread like wildfire across the globe.

Now, every corner of the world has its own privacy standards, from California’s stringent laws to the comprehensive regulations coming down the pipeline in India. It’s like an endless game of regulatory whack-a-mole, and Katsur’s GPP is the hammer we’re supposed to use to keep up.

But here’s the catch: implementing privacy standards isn’t cheap, and it’s definitely not quick. For most companies, it’s not a question of cost, but of resources. Getting privacy compliance slotted into the corporate roadmap is like trying to add a new track to a high-speed train—good luck fitting that in without derailing everything else. Katsur, though, remains confident. He knows that privacy isn’t going away anytime soon, and the companies that fail to get on board will be left scrambling when the hammer finally comes down.


CTV: The Toddler on a Sugar High

Now, let’s talk about the wildest ride in adtech today: Connected TV. If the digital ad ecosystem were a zoo, CTV would be the cage where they keep the hyperactive toddler who’s just downed a 64-ounce Big Gulp. The energy is off the charts, the rules are nonexistent, and no one quite knows how to wrangle it all. But Anthony Katsur? He’s got a plan—or at least he’s working on one.

According to Katsur, CTV is the final frontier of advertising. It’s like space, uncharted and full of potential, but also littered with technical debris that needs serious cleanup. One of the biggest challenges? Creative formats. There’s no standardization, no agreed-upon definitions of what makes a pause ad, a squeeze ad, or any other format you can imagine. It’s like trying to build a skyscraper when no one can agree on what a brick looks like.

But the chaos doesn’t stop there. Katsur points out that the industry is obsessed with treating linear TV and streaming as a zero-sum game. As linear TV declines, streaming supposedly wins by default. But Katsur sees things differently. He envisions a world where advertisers don’t care whether their ads are delivered through a satellite dish, rabbit ears, or streaming. All that matters is getting their brand in front of consumers on that big flat screen hanging on your wall.

Of course, that’s easier said than done. With fragmented data sets, inconsistent audience definitions, and creative IDs spread across 14 different global frameworks, it’s a wonder anyone’s figured out how to advertise on CTV at all. But Katsur’s Tech Lab is on the case. They’ve developed the Ad Creative ID Framework to bring some much-needed order to the chaos. The goal? Universal reconciliation across screens and streamers, because if we can’t agree on how to measure ads, what’s the point?


AI: Messiah or Grim Reaper?

Ah, AI—the tech world’s favorite boogeyman. Depending on who you ask, it’s either going to steal all our jobs or usher in a new golden age of productivity and innovation. Katsur? He’s somewhere in the middle. While he acknowledges that AI will disrupt the industry (and probably put a few people out of work), he doesn’t think we’re quite ready for the apocalyptic AI takeover just yet.

Katsur sees AI’s biggest potential in two areas: dynamic creative and contextual relevance. Let’s be real—ad personalization has always been the holy grail of marketing, and AI just might be the tool we need to finally make it happen. Katsur’s especially bullish on dynamic creative, where AI can tailor ads to individual viewers on the fly. It’s like having a personal ad agency in your pocket, and it’s only going to get more sophisticated from here.

But AI isn’t without its dark side. There’s real concern about AI bias, the kind that perpetuates harmful stereotypes and reinforces societal divisions. Katsur’s answer? Open-source AI models. If we can peer under the hood of these algorithms and see how they’re built, we can root out the biases before they cause any real harm. Transparency, as always, is Katsur’s go-to solution.


The Katsur Legacy: Grit, Innovation, and Leaving the Industry Better Than He Found It

When you ask Anthony Katsur about his future in adtech, he’s not aiming for sainthood. He’s not even trying to be the guy who “saved” adtech from itself. What he wants is much simpler, and infinitely harder: to leave the industry better than he found it.

Katsur’s proud of the work the Tech Lab has done over the past three years. He’s pushed the organization to move faster, innovate more aggressively, and set standards that keep the industry ahead of the curve. But he’s also keenly aware that the adtech ecosystem is a thankless beast. No matter how much progress he makes, someone’s always upset. But that’s the nature of the job, and Katsur’s got the grit to handle it.

His legacy, he hopes, will be one of transparency, integrity, and a relentless drive to push the industry forward—even when it didn’t want to be pushed. He wants to be remembered as the guy who didn’t just follow the rules but helped rewrite them.

As for the future? Katsur’s always thinking five years ahead, planning for challenges that most of us haven’t even begun to consider. Whether it’s privacy, CTV, or AI, he’s confident that with the right approach, the adtech world can not only survive but thrive. And if he has his way, the internet might just be a little less annoying by the time he’s done.

How Google’s 20% Cut Is Like Paying for a Penthouse and Getting a Broom Closet

So, here we are, folks. Google, the tech behemoth that knows more about your browsing habits than your mom, is in the courtroom again. And this time, it’s not just for some regulatory wrist slap or to pay a fine that barely dents their Scrooge McDuck-level vaults. No, this time, Uncle Sam is out for blood. The DOJ is accusing Google of playing Monopoly—not the fun family game that ruins Thanksgivings, but the kind that allegedly turns the online ad world into their personal fiefdom. Picture Google as the Godfather of ad tech, sitting back in a dimly lit room, stroking a digital cat while everyone else in the industry trembles in fear. And the Department of Justice? Well, they’re trying to break into that room and flip the table.

The case is as juicy as a prime-cut steak, and no one is walking away unscathed. In one corner, you’ve got the DOJ, painting a picture of Google as the ultimate puppeteer, pulling all the strings so that every ad dollar, every bid, every click, leads back to its massive ad empire. In the other corner, you’ve got Google, slicker than a used car salesman at a Sunday service, insisting that everything they’ve done is just really good business. And by “really good,” they mean the kind of good that makes everyone else in the room wonder why they even bothered showing up.

Monopoly or Business Genius? The DOJ and Google’s Battle of Narratives

Let’s start with the obvious. The DOJ isn’t pulling any punches. They’ve spent the first couple weeks of this antitrust trial laying out a case that makes Google look less like a scrappy Silicon Valley innovator and more like a black hole that’s slowly sucked the life out of the ad tech universe. According to them, Google has orchestrated an ad empire that works like an all-consuming vortex—once you’re in, there’s no escaping. They’ve bought up competitors, tied their products together like a Gordian knot, and made sure that every online ad transaction ultimately lines their pockets. It’s the corporate equivalent of being stuck in a casino where the house always wins, except the casino is also selling your data to the highest bidder.

To drive the point home, the DOJ has paraded a series of witnesses, from publishers to ad execs, who’ve all taken the stand to air their grievances. It’s like a public therapy session for anyone who’s ever tried to do business with Google and came away feeling like they’d just been hustled by a smooth-talking magician. Julia Tarver Wood, one of the DOJ’s top litigators, put it in plain terms: “The rules are set so that all roads lead back to Google.” In other words, Google isn’t just playing the game—they’re the ones writing the rulebook.

Google: The Godfather of Ad Tech, But With Way More Nerds

And that brings us to the heart of the DOJ’s case. They argue that Google has turned the ad tech stack—everything from publisher tools to advertiser tools to the actual exchanges where ads are bought and sold—into their personal playground. Through a series of acquisitions, most notably DoubleClick, Google essentially built a walled garden where publishers and advertisers are forced to play nice if they want to stay in business. Want to sell ad space? Better use Google’s DoubleClick for Publishers (DFP), because almost everyone else does. Want to buy ad space? You’ll probably be doing it through Google’s AdX exchange. Oh, and by the way, if you’re thinking about trying a competitor, good luck with that. Publishers who dared to break away from DFP quickly realized that without access to Google’s AdX, they were basically playing digital solitaire.

The DOJ has a laundry list of complaints, but one of the most damning is that Google’s dominance has led to what they call “clunkier” tools and higher prices for customers. It’s like being forced to drive a car with square wheels because the manufacturer decided it didn’t need to innovate anymore. Stephanie Layser, a former News Corp executive, testified that DFP is slow, outdated, and about as fun to use as a fax machine in 2024. 

But here’s the kicker: it doesn’t matter, because no one’s willing to leave Google’s ad ecosystem. Why? Because rejecting DFP means losing access to Google’s AdX, which is like throwing away your map in the middle of the desert—you’re just not going to make it.

Prebid: The Open-Source Thorn in Google’s Side

Now, let’s talk about Prebid.org, a name that’s popped up a few times in the trial. Prebid is essentially an open-source platform designed to make ad exchanges a little less one-sided by allowing multiple ad buyers to bid on ad space at the same time—kind of like an auction house where you’re not sure if Google is lurking behind the curtain, peeking at everyone else’s bids. It’s the scrappy underdog trying to keep things competitive in a world where Google’s already bought up the entire auction house, the paddles, and probably the auctioneer too.

But here’s where it gets interesting: Prebid was almost handed off to the IAB Tech Lab, the Interactive Advertising Bureau’s tech arm. Except, as Brian O’Kelley, one of Prebid’s founders, revealed in a video deposition, Google wasn’t having it. Google, which just so happens to be the IAB’s biggest financial backer, made it very clear they did not want the IAB to take over Prebid. 

In fact, O’Kelley testified that Google was “vehemently opposed” to the idea. It’s like being at a board meeting where the biggest shareholder suddenly pipes up and says, “Actually, no. Let’s not do that thing that would let everyone compete on a level playing field.”

Google’s “Clunky” Tech: Like an 80s Station Wagon, But You Still Have to Use It

Let’s get one thing straight—Google’s ad tech isn’t the shiny, well-oiled machine it once was. It’s more like an old station wagon from the 80s: slow to start, kind of embarrassing to be seen in, but absolutely essential because it’s the only car that’ll take you where you need to go. Witness after witness at the trial described Google’s ad server, DFP, as slow and cumbersome. But despite these complaints, no one’s willing to jump ship because Google’s tied DFP to its massive AdX exchange. And if you leave AdX, well, it’s like cutting off your own oxygen supply.

James Avery, the CEO of Kevel, testified that Google’s DFP is “pretty much a foregone conclusion” for most media outlets. It’s like showing up to a party and realizing that everyone’s already drinking the same cheap beer—sure, it’s not great, but what are you going to do? Bring your own?

The DOJ’s witnesses argued that this kind of product tying—where you can’t use one thing without the other—is a major reason why Google’s been able to maintain its stranglehold on the industry. Even companies like Disney, which have the money and resources to develop their own ad tools, end up stuck using Google’s system because the alternatives just don’t have the same access to advertisers. It’s like trying to open your own pizza shop, but Google’s the only supplier with cheese, dough, and tomato sauce, and they’re only going to sell it to you if you use their ovens, their recipe, and probably wear their uniforms too.

“Irrationally High Rent”: Google’s 20% Cut—Because Why Settle for Less?

Now, let’s talk money. Specifically, the money Google takes from every ad dollar that flows through its exchange. The DOJ has been quick to point out that Google’s ad exchange, AdX, charges a 20% fee on every transaction, which is about double what the competition charges. But here’s the kicker—Google’s own internal documents show that even they think the 20% cut is a bit much. Chris LaSala, a former Google executive, called the fee “irrationally high rent” in internal company discussions. It’s like a landlord who knows the rent is too high, but they’re still cashing those checks every month because, hey, what are you going to do? Move?

This 20% cut is a prime example of what the DOJ calls “middleman” fees. You’ve got ad exchanges, ad servers, and all these other layers that take a piece of the pie before it even gets to publishers. And what’s left for the actual creators of content? Not much. Google, of course, isn’t too eager to lower that cut because, according to internal documents, doing so would “risk more platform competition.” Translation: “We like things just the way they are, thank you very much.”

The Data Advantage: Google’s Secret Weapon

Let’s not forget about the real crown jewel of Google’s empire—data. Google has data on over 2 billion users. That’s right, billion, with a “b.” And that data is what makes Google’s ad empire so powerful. Witnesses at the trial argued that Google’s access to user data gives them an unfair advantage in the ad tech game. It’s like playing poker with someone who knows all your cards and still manages to convince you to bet against them.

Jed Dederick from The Trade Desk testified that Google’s advantage comes down to one simple fact: their access to user data is unparalleled. They know who you are, what you’re buying, and probably even what kind of pizza you ordered last Friday night. And because of that, they can offer advertisers the best rates, which keeps publishers locked into their system. It’s like trying to compete in a race where Google’s the only one with a map, a GPS, and a rocket-powered car.

What’s Next? The Trial Isn’t Over Yet

So, where does this all leave us? Google’s lawyers are furiously defending the company’s actions as nothing more than smart business moves. They’ve brought in their own expert witnesses, like economist Mark Israel, who testified that the DOJ’s definition of the ad market is too narrow and that Google’s market share is actually only around 10% if you consider things like social media and mobile ads. They’re trying to argue that the ad world is much bigger than the DOJ claims, and Google’s just one player in a much larger game.

But the DOJ isn’t buying it. They’re set to make their closing arguments soon, and Judge Leonie Brinkema is expected to issue a ruling by the end of the year. If the DOJ wins, it could mean major changes for Google’s ad empire.

 Maybe they’ll be forced to spin off parts of their business, or maybe they’ll face tighter regulations. Or maybe, just maybe, Google will walk away with little more than a slap on the wrist and keep doing what they’ve always done—dominate.

Either way, one thing’s for sure: this trial is shaping up to be the tech world’s version of The Godfather, with Google playing both Michael and Vito Corleone, and the rest of us just trying to figure out how to stay out of the line of fire. 

Stay tuned.

Elizabeth Johnson: The Data Dynamo Disrupting Digital Marketing

Welcome to the Wild West, where the metrics are made up, the KPIs don’t matter, and everyone’s got their own interpretation of success. If that sounds like a circus with no ringmaster, that’s because it often is. Enter Elizabeth Johnson, the CEO of Path Performance, and the woman who’s not just setting the tent on fire—she’s controlling the flames, making sure nobody burns their eyebrows off while insisting that, yes, we can figure this marketing mess out.

Johnson doesn’t come in with your typical PR fluff or the usual Silicon Valley chest-puffery. No, she’s the kind of person who walks into a room full of “seasoned pros” who still don’t get TikTok, slams her metaphorical fist on the table, and says, “We’re rewriting the rules. Now, who’s got the guts to follow?”

When she joined me on The ADOTAT Show, we didn’t just sip the marketing Kool-Aid—we added a shot of something stronger and started grilling. You want to know what it’s like to lead an industry stuck in neutral for the last 20 years? Ask Elizabeth, because she’s been the one pushing the boulder uphill while everyone else wonders why gravity is so hard.

Forget your vanilla marketing exec. Johnson is the kind of leader who drops truth bombs like confetti. You want to keep up? Then buckle up. Here’s why Elizabeth Johnson is the real disruptor digital shopper marketing didn’t know it desperately needed.

The KPIs Everyone Loves But Don’t Understand

Let’s get one thing straight: Elizabeth Johnson doesn’t have time for your precious metrics if they don’t actually move the needle. And by needle, I mean sales—not just your inflated egos in the boardroom.

Take ROAS (Return on Ad Spend), the industry’s favorite useless acronym. It’s the metric everyone loves to trot out at meetings, but Johnson isn’t buying the hype. “ROAS gets thrown around like it’s the golden ticket, but half the time it’s not the best measure of success,” she says, with a casual shrug that says she’s probably had to correct this misconception too many times to count.

What matters more? Incrementality. Yeah, it’s a ten-dollar word that sounds like it was ripped from a Hogwarts textbook, but in layman’s terms, it’s the metric that tells you if your marketing actually did anything at all. Think of it as the difference between spending a million bucks on ads that work versus just burning cash for the sake of saying you spent it. It’s the opposite of vanity metrics, which are basically participation trophies for marketers who aren’t paying attention.

Johnson sums it up perfectly: “It’s about understanding what happens when you don’t advertise. If nothing changes when you run your campaign, guess what? You just wasted a lot of money. Incrementality is the key to figuring out if your ad dollars are actually moving the needle.”

And no, it’s not as simple as checking a box and declaring victory. “Our team spends a lot of time making sure everyone in the room understands what it actually means and how to use it. It’s not just for show—this stuff matters.”

Data Standardization: Herding Cats in the Digital Desert

You ever try to herd cats? How about convincing a room full of egos that they all need to speak the same language? Welcome to Elizabeth’s daily grind. Data standardization, folks—it’s about as glamorous as cleaning out the office fridge after a three-day weekend, but it’s absolutely necessary if this industry is going to survive.

Right now, we’re in the Wild West of data—everyone’s making up their own metrics and declaring them gospel (not that she uses that word). It’s chaos, and chaos doesn’t breed success. “We need to speak the same language,” Johnson asserts with the calm confidence of someone who’s seen the same mistakes happen over and over again and is just about done with the excuses.

Her mission? Bring the cowboys of ad tech into the 21st century. Make them use metrics that actually matter. Standardize the playing field. “The advertisers are the ones who lose when we can’t agree on metrics,” she says. “It confuses the marketplace, and it makes everyone look bad.”

Elizabeth isn’t one for patience when it comes to excuses. “You can’t run a campaign and then wonder why your results look different from everyone else’s when you’re using a completely different set of metrics. It’s like trying to measure your height in apples when everyone else is using inches.”

But getting everyone to play by the same rules? That’s another story. “It’s like playing diplomat in a hostage negotiation,” Johnson quips, “or trying to get a bunch of kids to share their snacks.” She’s building trust, one awkward boardroom conversation at a time.

Awards and Shiny Doorstops

Speaking of accolades, let’s get one thing straight: Elizabeth Johnson isn’t one to rest on her laurels—or her trophies. When I asked her about the awards that matter, she didn’t mince words. Sure, she’s picked up a few shiny ones along the way—“Women of Excellence” being one of her favorites—but she’s not the type to let it go to her head.

“I don’t discount any of the awards,” she says, ever the diplomat. “Most of them are industry-given, and I understand the strict criteria behind them.” Translation? If she’s won it, it means something, but she’s not exactly throwing a parade for herself either.

And yet, for all the industry accolades, you won’t find Elizabeth patting herself on the back. Her approach to recognition is refreshingly honest. “I did an internal victory dance, but it’s not about me. It’s about my team. I rarely use the word ‘I.’” This isn’t false humility, folks. It’s genuine leadership.

The Myth of “Faking It Until You Make It”

Let’s be clear: Elizabeth Johnson does not do “fake it until you make it.” Well, not in the way most people think. “Look, it can instill confidence,” she admits, “but it has its limits.” Instead, she’s more of a “act as if” person. As in, act as if you already belong in the room. Act as if you’re the CEO of a revenue-driving company. But don’t get cocky about it.

“Using it as a crutch is where people go wrong,” Johnson explains. “Confidence is key, but if you’re just faking everything all the time, people will catch on. It’s about finding that balance between projecting confidence and actually doing the work.”

In other words, don’t fake it unless you’re ready to back it up with actual results. Otherwise, you’re just another marketer with a PowerPoint and a prayer.

The Real Glamour of CEO Life: Juggling Chainsaws While Smiling

Now, let’s talk about the real, behind-the-scenes life of a CEO, shall we? Spoiler alert: It’s not all high-powered boardroom deals and glamorous launches. There’s plenty of “putting out fires” that don’t make the highlight reel. “Sure, you get the strategic vision moments,” Elizabeth says, “but a lot of it is making sure the wheels don’t fall off the bus.”

In a typical day, she’s bouncing between high-stakes conversations about acquisitions and product launches to the not-so-glamorous reality of project timelines, personnel issues, and—yes—printer jams. It’s like juggling chainsaws while keeping a smile on your face and pretending it’s all part of the show. And somehow, she makes it look easy.

But for all the chaos, Elizabeth thrives on the balance between the big picture and the nitty-gritty. “You’ve got to be nimble,” she says. “Your day might be planned out, but guess what? Something’s going to change. Regulations shift, competitors pivot, and you’ve got to be ready to react.”

The AI Apocalypse or Golden Age?

So, what does Elizabeth see in her crystal ball? A golden age of marketing innovation or a Mad Max-style race to the bottom? She’s betting on the former—if the industry can get its act together. “AI is the next big wave,” she says. “It’s going to separate the winners from the losers, the ones who embrace it and the ones who are still clutching their Rolodexes.”

And while everyone else is busy slapping “AI-powered” labels on their websites to sound cutting-edge, Johnson is asking the real question: What’s the actual impact? “You can’t just say you’ve got AI. You’ve got to show how it’s working at scale,” she insists. “This isn’t about riding a trend. It’s about transforming how we think about marketing.”

What’s Next: CEO, Mentor, and… Future Beach Bum?

If you’re wondering whether Elizabeth ever thinks about chucking it all and becoming a beach bum somewhere, the answer is yes. “Every once in a while, the thought crosses my mind,” she laughs. But for now, she’s all in on the future of Path Performance. “I’m passionate about what we’re building here. That’s what keeps me going.”

As for her superpower of choice? She’d love to control time. “It’s the one thing nobody has enough of,” she muses. And if anyone could figure out how to bend time to their will, it’s probably Elizabeth Johnson.

For now, though, she’s sticking to what she does best—rewriting the rules of an industry stuck in its ways, one data point at a time. And trust me, it’s going to be a hell of a ride.

From Open Internet Hero to Walled Garden Villain: Is The Trade Desk the New Google?

The Trade Desk is doing a masterclass in the fine art of playing dumb, denying they’re building a TV OS like a kid with crumbs all over his face denying he touched the cookie jar. But insiders—and I’m talking the ones who actually know a thing or two—say otherwise. TTD has been secretly crafting their own smart TV OS since 2019, calling it “Project Bridgewater,” and teaming up with none other than Sonos to make this dream a reality.

Now, you might wonder why Sonos, the company famous for its high-end speakers, is jumping into bed with TTD on this grand TV venture instead of going all-in on its own OS. The answer is simple: building a smart TV OS is like trying to assemble a jet engine out of Legos. It’s not just a technical minefield; it’s a political one, too. You need to schmooze your way into the hearts of streaming giants like Netflix and Disney+. As Erez Levin, Media Futurist, points out, “Netflix won’t even talk to device makers if they can’t convincingly make the case that they’re able to ship a certain number of units.”

Smaller TV makers, lacking the firepower to cut these deals, usually sidle up to Google, Amazon, or Roku to license their established platforms. It’s a bit like borrowing your big brother’s tuxedo for prom; it fits, but it’s not really yours. However, this dance comes with strings attached—strict licensing terms that can make a Sonos device look more like a distant cousin of an Amazon Fire TV stick than a distinctive Sonos gadget. And don’t forget, Sonos is still in a slap-fight with Google over patent infringement. Partnering with those guys would be like asking your archenemy to design your wedding cake.

The Trade Desk swoops in like the new kid on the block who somehow knows everyone’s secrets. They’re not weighed down by the baggage of hardware; they don’t care if your TV has a curved screen or can tell the difference between your voice and your dog’s bark. They’re happy to let Sonos have a field day with the user interface, slap their own sleek branding all over it, and design a remote that doesn’t look like it came out of the 1990s. And why not? TTD is making it rain with juicy revenue-sharing terms that put the standard offerings from Google, Amazon, and Roku to shame. As Matthew Keys points out, TTD may be denying they’re building an OS to take on Roku, but this denial has all the authenticity of a reality TV star’s apology tour—everyone knows what’s really going on.

But let’s talk about what TTD really wants—data. Not just any data, but all the data. We’re talking digital black gold. According to Lynne Johnson of AdMonsters, “A unified consumer profile is the holy grail of targeting,” and TTD is on a crusade to snatch that holy grail right out from under the industry’s nose. In a world where cookies are crumbling faster than a stale biscotti and mobile IDs are evaporating like ice in July, owning the OS is like controlling the sole watering hole in a desert. It’s their chance to siphon off every single drop of first-party data, from what shows you’re binge-watching on a Tuesday night to the items you’ve been eyeing in your virtual shopping cart. By threading all this data through their Unified ID 2.0, TTD is creating a digital panopticon where they see all, know all, and track all.

And it doesn’t stop there. TTD isn’t just setting up shop—they’re planning to build the whole damn mall. Imagine Google’s DoubleClick, but for CTV, with TTD acting as the toll booth operator, gatekeeper, and traffic cop all rolled into one. The strategy is pretty clear: offer better economics and a platform with integrated content management (think Wurl or Amagi), slap on an identity and authentication layer (like UID2/OpenPass), and stack it all up with a fully loaded ad tech infrastructure. They’re crafting a kingdom where they can set the rules, collect the taxes, and make sure everyone plays nicely—or not at all. It’s a blueprint straight from the Silicon Valley Machiavelli handbook.

But wait, there’s more. TTD isn’t just setting up an OS—they’re creating a closed ecosystem that feels suspiciously like the one Google built in the open web. Their strategy is to become the new sheriff in town, crafting a full-stack solution akin to DoubleClick, where they control everything from content to data to pricing. Julian Savitch-Lee, a CTV and programmatic advertising specialist, notes, “TTD can drive a comparative Average Revenue Per User (ARPU) to existing reported TV OS Vendors.” In other words, they’re looking to replicate the same kind of dominance that has made Google the overlord of online advertising.

As Lynne Johnson points out, The Trade Desk’s ambitions for a unified ecosystem could give it a massive advantage in the shifting landscape of digital advertising. “Retail media provides crucial data for advertisers in a world where third-party cookies are phasing out,” she says. Combine that with insights from Connected TV (CTV) viewing habits, and you’ve got a data goldmine. It’s like placing a surveillance camera in every consumer’s living room while keeping a receipt printer in their pocket. With this kind of comprehensive view of the consumer journey, The Trade Desk (TTD) is positioning itself to become the ultimate gatekeeper.

This isn’t just about controlling ad delivery; it’s about TTD morphing into the middleman who owns the entire supply chain. If they succeed, they’ll have their hands on all the levers: first-party data, control over ad inventory, and the power to dictate the rules of engagement. It’s like taking the open internet, wrapping it in a velvet rope, and charging a cover fee to get in. This strategy is eerily reminiscent of Google’s playbook with DoubleClick, where they turned their dominance in display advertising into a fortress. Only now, TTD is eyeing CTV to replicate this closed-loop ecosystem, much like an aggressive real estate developer eyeing an untouched neighborhood.

The Trade Desk’s motivations for jumping into the TV OS game are clear—control and data. As ad identifiers like cookies and device IDs become endangered species, owning a TV operating system gives TTD the upper hand to embed their own Unified ID 2.0 directly into the hardware. This strategy would not only protect them from future disruptions but also ensure they have uninterrupted access to identity signals for ad targeting. It’s a clever move to avoid the fate that befell other platforms when Apple and Google started tightening their privacy controls. By owning the platform, TTD can dictate the rules of data access, keeping itself in the driver’s seat.

But that’s not the only trick up TTD’s sleeve. By integrating their OS directly into OEM hardware, TTD could access automatic content recognition (ACR) data, which tracks what’s playing on a TV screen. ACR data has become a powerful tool for advertisers looking to tie ad exposure to consumer behavior more accurately. If TTD can control this data pipeline, they can not only offer more targeted advertising but also open up new revenue streams by licensing this data. It’s like having a VIP pass to all the best data parties while charging others to get in.

Owning the OS also allows The Trade Desk to shorten the supply chain between their demand-side platform (DSP) and the inventory sources. In today’s fragmented ad ecosystem, ads often hop through several intermediaries before landing on a viewer’s screen, adding costs, delays, and potential data manipulation. By reducing these hops, TTD can cut out the middlemen, decrease latency, and ensure more of the ad dollars stay in their pockets. This would be especially advantageous as programmatic ad buying continues to grow in live events, where milliseconds count.

And let’s not forget the potential to play both sides. By requiring a share of the inventory, much like other CTV platforms, TTD could earn revenue from both supply and demand. This would not only increase their market share but also reduce the dominance of existing giants like Roku, Amazon, and Google, who currently enjoy the lion’s share of CTV ad revenues. If The Trade Desk can convince publishers to jump on their platform with lower revenue shares initially, they could lock in an exclusive premium supply pool, tightening their grip on the market further.

In essence, The Trade Desk isn’t just building a TV OS; they’re orchestrating a grand coup to reshape the digital advertising landscape. It’s a high-stakes game where they’re holding all the cards, setting the rules, and positioning themselves as the indispensable link between advertisers, publishers, and consumers. Advertisers may be enticed by the promise of seamless, cross-platform targeting, but they’d better keep one eye open—because while they’re busy counting their short-term wins, TTD is busy building the next walled garden, one brick at a time.