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An ad tech ex-serviceman who has logged time at Google and The Rubicon Project( now Magnite ), Casey Saran is co-founder and CEO of Spaceback.
2021 has been a good year to be an adtech investor. Valuations are surging, Wall street is happy and exits are frequent and satisfying. It’s the perfect is necessary to double down and invest in an area that has been largely neglected but is positioned for major upside in the next few years: Digital creative ad technology.
Think about it. When was the last time we considered a major adtech fund round that was sent at the actual ads themselves — the meanings people actually investigate everyday? I’d argue that now is the excellent time.
The adtech startups that can figure out how to adapt ads that can interact with the remote control, a synced smartphone or voice biddings — maybe even reach them shoppable — can theoretically make a game-changer.
Here are five reasons why VCs should consider ratcheting up their investment into adtech startups improving the benefit of future generations of innovative tools 😛 TAGEND Creative tech “re a long way from” being saturated
Consider how much has been depleted over the 15 times on digital advertise machinists such as targeting, performing, measuring and proof. Not to mention the trillions that have gone toward facilitating labels keep track of customer data and interactions — the marketing vapours, DMPs and CDPs.
Yet you can count the number of creative-centric adtech fellowships on one hand. This signifies there is a lot of room for innovation and early captains. VideoAmp, which promotions brands make ads for many social stages, pulled in $75 million earlier this year. Given how fast scaffolds like TikTok and Snap are growing, it won’t be the last.
Digital ad targeting is being crushed
Ads need to do more work today. Between regulation, cookies will cease to exist and Apple locking down data available, we’ve seen a renewed interest in contextual publicize, including funding for the likes of GumGum, as well as identity resolution houses like InfoSum.
But the digital ad ecosystem can’t get by merely consuming broader data-crunching skills to supplant “retargeting.” The medium is practically crying out for a artistic resuscitation that can only be triggered by scalable tech. The recent funding for creative testing startup Marpipe is a start, but more focus is needed on actual tech-driven ideation and automation.
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