In a series of conversations with the leading confidantes and consultants in the ad automation and programmatic area, Jay Sears, Senior Vice President of Rubicon Project, discusses trends and issues of the day impacting advertisers and media owners. In this interview, he talks with Rob Rasko, CEO of 614 Group.
Rasko serves as an executive advisor to the Interactive Advertising Association. Prior to starting 614 Group he was President and COO of CPX Interactive.
JAY SEARS: What do you read to keep up with politics, art and culture?
ROB RASKO: For politics, arts and culture, I watch -- not read -- CNN, CNBC, PBS and the Food Network. You can learn a lot about all of the above watching Anthony Bourdain.
SEARS: What do you read to keep up with friends?
RASKO: Face-to-face time. I have three kids and lot of friends that I actually see but digitally, Facebook and LinkedIn. The latter more and more has many posts about the lives of friends I don't regularly see.
SEARS: What do you read to keep up with the advertising technology industry?
RASKO: MediaPost, AdExchanger and Business Insider are my favorites to understand this industry.
SEARS: What’s your favorite commercial of all time?
RASKO: The whole Burger King “King” series was really funny and the Like a Girl series recently has been really moving. (I have two daughters.)
SEARS: With regards to advertising automation, what are the three biggest trends you expect to impact companies in 2016?
SEARS: With regards to advertising automation, what are the three most overblown topics that you wish would just go away?
SEARS: Tell us the three most common issues you help clients on with respect to advertising automation and programmatic trading.
SEARS: Tell us about your firm.
RASKO: We are a firm and not a sole proprietorship, which means we are not doing this as hobby but to create real value for our clients. Our engagements are built to deliver ROI that can be measured. There are others companies in this space that agree and are like us, but not all of them.
The 614 Group is a digital media consultancy that serves media companies in four practice areas: Publisher Services Corporate Development, Research and Content Development and Business Intelligence. We help our clients with a variety of issues from managing outsourced ad operations to go-to-market strategy through customized market research partnerships.
Additionally, we have an events company that serves as a platform for driving thought leadership through sharing custom research and educating the market on topics including making money with brand safety, viewability, fighting ad fraud and ad blocking.
SEARS: What are the most common issues you help clients with regarding automation?
SEARS: The majority of ad technology companies have struggled (relatively small, unprofitable or both). Of the poor performers, what are the commonalities between them that have contributed to this weakness?
RASKO: The race to early profitability for the winners vs. not for the losers. If you are too reliant on funding you have and will continue to have a big challenge.
SEARS: A smaller handful of ad technology companies has achieved scale and performed better than the rest. What are the commonalities between them that have contributed to this relative strength?
RASKO: Besides funding as I mentioned above, a diversified product set. You need to be able do more than one thing for your clients.
SEARS: Do we live in a “tale of two cities” where Google and Facebook win almost everything, advertisers are dictated to and other media companies fight for the scraps?
RASKO: I don't agree with this statement because I take a macro view. There are many other major companies, albeit some of them smaller market-cap wise that are big enough to compete with these two. Verizon, AT&T, Disney, WPP, Time Warner and Charter on the cable side; in many cases Google and Facebook have gotten big enough to compete with those guys. In the end the next phase of the media company competition is only beginning keep an eye on the connectivity to the consumer wallet that telco has as the next frontier.
SEARS: Please answer the following statements yes or no.
SEARS: If you could go to the airport right now with friends or family and fly anywhere in the world for vacation, who would you take and where would you go?
RASKO: South of France, Nice or St Tropez. I would take my wife only; sorry kids, you stay home.
SEARS: If you could create an endowment to fund any existing non-profit you designated, what lucky non-profit organization would that be?
RASKO: My wife and I have been involved in the autism area for a while; her as a 15-year therapist and I as an evangelist and fundraiser for the issue. Generally, we look for cause like Autism Family Services of NJ where the funds go to helping families that work really hard with home care and sometimes deservingly need a break.
SEARS: What is your favorite restaurant in the world?
RASKO: Johnny and Hanges in Fair Lawn, NJ. Hot dogs and chili sauce -- either you know why or you don't but you should find out.
SEARS: Thanks, Rob!
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