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819: AdTech: Bake Off Leads to Major Acquisition and $100m+ In Media Spend Under Management

819: AdTech: Bake Off Leads to Major Acquisition and $100m+ In Media Spend Under Management

FromSaaS Interviews with CEOs, Startups, Founders


819: AdTech: Bake Off Leads to Major Acquisition and $100m+ In Media Spend Under Management

FromSaaS Interviews with CEOs, Startups, Founders

ratings:
Length:
23 minutes
Released:
Oct 21, 2017
Format:
Podcast episode

Description

Sandy Lohr. She’s a mother, wife, dog lover and leader of one of the best advertising technology teams in Silicon Beach. Growing up in the industry, she transitioned from client side to tech provider over 2 years ago. Her team strives daily to help local businesses globally find the best customer with her company, MatchCraft.   Famous Five: Favorite Book? – Jab Jab Jab Right Hook What CEO do you follow? – Susan Wojcicki Favorite online tool? — Accompany How many hours of sleep do you get?— 5.5 If you could let your 20-year old self, know one thing, what would it be? – “Be humble”   Time Stamped Show Notes: 01:44 – Nathan introduces Sandy to the show 02:18 – MatchCraft performs well and keeps its customers 02:46 – MatchCraft is a tech company in the adtech space 02:52 – 2018 will be MatchCraft’s 20th year 03:02 – MatchCraft matches buyers and sellers and has mastered the craft for doing so 03:10 – MatchCraft has 2 founders who came up with the strategy in 1998 03:21 – Sandy is the CEO and she joined MatchCraft 2 years ago 03:40 – MatchCraft acquired the client side of the company in 2014 03:50 – MatchCraft has a technology platform that helps run programmatic searches 04:15 – MatchCraft has been doing it a long time with scalability 04:50 – MatchCraft is a managing service and SaaS model 04:59 – The managing service is 70% of the business 05:46 – MatchCraft doesn’t work with any merchants 06:06 – Resellers of MatchCraft have over 6000 sales reps globally 06:23 – Resellers pay MatchCraft their media fee 06:35 – For the managing service, the fee is 17% to 12% depending on the volume 07:08 – MatchCraft has strategy discussions with their resellers 07:27 – The SaaS model varies, too 07:57 – MatchCraft provides ad copy in different languages and formats 08:50 – On the SaaS side, fees can go up to 7% of media spend depending on the volume 09:50 – MatchCraft is a privately held company 10:33 – Prior to MatchCraft, Sandy was on the client side and she was working for Advance Publications Inc. 11:30 – Sandy shares what she was doing prior to MatchCraft 13:15 – Advance Local Inc. bought MatchCraft and Sandy is now the active CEO in MatchCraft 14:08 – Sandy’s background has always been in marketing and she enjoys learning about technology everyday 14:25 – MatchCraft’s team size is nearly 100 and they promote diversity with their global offices 15:13 – MatchCraft doesn’t have to raise capital 15:39 – “We have extremely aggressive goals” 16:19 – MatchCraft has grown 26%, year over year 16:45 – MatchCraft has processed more than $100M ad spend annually 17:03 – Sandy’s opinion on the idea of Time being sold and what she would do if they buy one of Time’s brands 19:43 – The Famous Five   3 Key Points: There’s nothing you cannot learn that you really WANT to learn. If your product is performing well, people will remain loyal to you and to your product/service. Acquiring a company requires your due diligence—make sure it’s WORTH it.   Resources Mentioned: Simplero – The easiest way to launch your own membership course like the big influencers do but at 1/10th the cost. The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences GetLatka - Database of all B2B SaaS companies who have been on my show including their revenue, CAC, churn, ARPU and more Klipfolio – Track your business performance across all departments for FREE Hotjar – Nathan uses Hotjar to track what you’re doing on this site. He gets a video of each user visit like where they clicked and scrolled to make the site a better experience Acuity Scheduling – Nathan uses Acuity to schedule his podcast interviews and appointments Host Gator– The site Nathan uses to buy his domain names and hosting for the cheapest price possible Audible– Nathan uses Audible when he’s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books Show Notes provided by Mallard Creatives
Released:
Oct 21, 2017
Format:
Podcast episode

Titles in the series (100)

Over 10M founders, CEO's, and investors have downloaded this 15 minute daily podcast from Nathan Latka. Each day Latka interviews a software (SaaS) CEO and gets them to share how they've grown (or not) so fast all backed by hard data points. To date, over 1000 CEO's have been interviewed that together do over $6b in revenue, have raised over $5b, and employ more than 180,000 employees. The magazine for CEO's: http://nathanlatka.com/magazine The Book for CEO's: http://nathanlatka.com/bookamazon