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All posts tagged ‘Joanne Bradford’

Thursday, July 31, 2008

Spot Runner’s CEO Nick Grouf Speaks!

On one of my many trips to Los Angeles (what can I say? I like to hang where LoRo* hangs), I dropped in to see Nick Grouf of Spot Runner.

As many might know, Spot Runner is an online-offline ad agency play that has gotten big funding and even bigger hype of late.

We’ll see how that goes. But Spot Runner actually seems to be tackling an underserved (and unexciting) market of local and national clients in need of cheap online ad solutions married to more traditional marketing venues to boost revenue.

Here’s my video interview with Grouf at Spot Runner’s offices on Wilshire Boulevard:

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Tuesday, May 6, 2008

Another Web 2.0 Superfunding: Spot Runner Gets $51 Million More

spotrunner

Spot Runner, the online ad agency, delivered yet another Web 2.0 miracle today, raising another $51 million in funding from a diverse group of investors.

Among other services, Spot Runner makes and places low-cost television and radio ads for small businesses and is trying to bridge the gap between the traditional and online ad market.

In this round, those stepping up to invest in the Los Angeles-based start-up include international media giants Daily Mail and General Trust (DMGT.L) and Grupo Televisa (TV), investment company Legg Mason Capital Management (LM) and, curiously, luxury conglomerate Groupe Arnault/LVMH (MC.PA).

This group, along with existing investors, forked over the $51 million to add to the $60 million already raised. This appears to give it a massive valuation of upward of $500 million.

Well, at least in the land of Web 2.0 it does. In the real world, it still remains to be seen. But that has not stopped the nonstop investment party of late for Web 2.0 start-ups.

Web-based instant messaging company Meebo recently raised another $25 million at a reported $250 million valuation, while widgeteer Slide got $50 million for a $550 million valuation.

Of course, the champ of them all has been the social-networking site Facebook, which now has a $15 billion valuation.

Wheeeeeeeeeeeeeee! Or maybe not so much, but obviously no one in Silicon Valley is listening to BoomTown at this Kool-Aid carnival.

Spot Runner’s previous investors are: Allen & Company, Battery Ventures, Comerica Bank (CMA), Lachlan Murdoch, Vivi Nevo, Capital Research and Management, CBS (CBS), Index Ventures, Interpublic Group, Tudor Investment Corporation and WPP.

So far, this group has invested $60 million in Spot Runner. Its board includes Index’s Danny Rimer and former AOL exec Bob Pittman.

“We want to use the investment to make a real penetration in the market,” said Nick Grouf, chairman and CEO of Spot Runner. “We want to expand both organically and through acquisitions, as well as expand our staff, and these strategic investors will help us do that.”

Spot Runner has already been doing that. For example, it recently bought Weblistic, a local search listings creator, and hired former Microsoft exec Joanne Bradford.

The Daily Mail is a large media company based in the United Kingdom, with newspapers, online and radio assets, while Grupo Televisa is one of the largest media conglomerates in the Spanish-speaking world.

Groupe Arnault/LVMH owns some of the world’s toniest brands, including Moët & Chandon, Hennessy, Louis Vuitton and Givenchy.

Grouf, again along with partner David Waxman, also previously founded PeoplePC and Firefly Networks.

In the spirit of the funding, here’s one of my favorite Kool-Aid commercials:

Thursday, March 13, 2008

Microsoft Exec Sprints Over to Spot Runner

joannabradford

An interesting move with MSN exec Joanne Bradford heading over to the Internet-based ad agency Spot Runner, which helps companies create ads for radio and television.

She will be executive vice president of National Marketing Services, focused on national advertisers, for the ad-services company. Bradford was a VP and chief media officer of MSN Media Network and had worked at BusinessWeek before that.

One might expect a lot more movement over at Microsoft (MSFT) in its Internet arena, with its bid to acquire Yahoo (YHOO) pending and its execs in flux. Recently, for example, its SVP of the Online Service Group, Steve Berkowitz, whom Bradford reported to, was boxed out, as others have ascended (see my take here).

Things will be a lot simpler for Bradford at the Los Angeles-based Spot Runner, which recently bought Weblistic, a local search listings creator.

The much-hyped start-up has gotten $40 million in funding from investors including Battery Ventures, Index Ventures, WPP, IDG and CBS (CBS).

“I am going back to my entrepreneurial, build-something roots,” said Bradford. “There is such inefficiency in buying and selling of advertising and someone has to solve that, both for big companies and small ones.”

Friday, February 22, 2008

Facebook Headhunter: The Quest for the Golden Geek!

If Facebook founder Mark Zuckerberg is serious about finding a true No. 2 to replace outgoing exec Owen Van Natta and more, then BoomTown has certainly at least two cents to add.

So here is our list of ideas, which include a number of women execs, since a list that Facebook has made apparently includes a few women too.

(And we applaud that, especially since, as you can see from this page at the social-networking site, there are none in its current top management.)

But you do have to begin with the menfolk, since the top choice of mine is one.

jeffjordan

That would be someone that Facebook has already looked at, former eBay exec Jeff Jordan (pictured here). Jordan and Zuckerberg talked a lot last year, before Jordan headed off to lead OpenTable, the restaurant reservations service.

It would be hard to entice Jordan, a one-time contender for the top spot at eBay (EBAY), to leave OpenTable, given it is IPO-bound in the next year.

But he has the chops operationally, having led eBay’s North American unit and also its PayPal division. In other words, this man can scale.

danrosensweig

But so can former Yahoo (YHOO) COO Dan Rosensweig (pictured here), who left the troubled Internet portal in late 2006, just before it started its long and painful descent into Microsoft’s bear-hug bid.

Rosensweig is now a principal and its-man-in-Silicon-Valley for the tony New York investment firm, the Quadrangle Group, so it is unlikely he would move over to Facebook.

More to the point, it also unclear how well his gregarious nature would mesh with Zuckerberg’s less social manner (although we would pay big bucks to see those two interacting on a daily basis). But Rosensweig, for all his joshing, has the leadership skills and deep contacts in the tech community.

joannabradford

And since Zuckerberg feels so comfy with Microsoft (MSFT), why not its savvy Chief Media Officer Joanne Bradford (pictured here). There, she “leads global product and platform development, content and programming, business development, product management, marketing and branded entertainment for MSN.”

Plus, she might not relish the idea of helping overhaul Yahoo, if that deal is struck, and has the ad sales and content experience too. Also, she is tough, but nice about it.

joannashields

So is a sharp Facebook social-networking competitor, Bebo’s President Joanna Shields (pictured here). Based in London, she has worked at both Google (GOOG) and RealNetworks (RNWK) and has an international exposure Facebook needs.

Plus, she knows how to work with founders (in Bebo’s case, Michael and Xochi Birch) and has a charming, though squarely in-charge, demeanor.

Google, of course, has been a good headhunting ground for Facebook and the search giant has been fending off poaching off its execs by Facebook regularly.

But why not go for the big game, as there is a long list of prospects in the higher managment echelons of Google.

That includes: Tim Armstrong, president, Advertising and Commerce, North America; Marissa Mayer, vice president, Search Products & User Experience; Susan Wojcicki, vice president, Product Management; Sukhinder Singh Cassidy, president, Asia Pacific and Latin America Operations; David Fischer, vice president, Online Sales & Operations; Omid Kordestani, senior vice president, Global Sales & Business Development; Salar Kamangar, vice president, Product Management.

But we’re partial to a pair of hard-charging execs who lead critical nuts-and-bolts operations at Google: Sheryl Sandberg, vice president, Global Online Sales & Operations; and Shona Brown, senior vice president, Business Operations.

sherylsandberg

Sandberg (pictured here) is responsible for online sales of Google’s ad and publishing products, bringing experience Facebook sorely needs. She is also politically savvy, having been the chief of staff at the Treasury Department in the Clinton administration.

shonabrown

Former McKinsey consultant and author Shona Brown (pictured here) has been running Google’s business operations since 2003 and knows how to push around, oops, work with two headstrong founders at once. Thus, Zuckerberg would be a breeze for the sharply honed Brown.

But let’s not leave out Yahoo. We have but one choice here (and someone who has reportedly been on Facebook’s list too): Hilary Schneider, its EVP, Global Partner Solutions. In other words, the revenue person.

hilaryschneider

The former Knight-Ridder exec (pictured here) is well liked at Yahoo and is also steeped in the world of media, which is important to Facebook. While probably a keeper for Microsoft, it might not be her first choice to stay after a forced merger.

There are a lot of other choices–in fact, I am completely leaving out the many media execs who might be good, as well as some longtime Silicon Valley entrepreneurs who would get along a lot better with Zuckerberg.

Off the top of my head: former AOL head Jon Miller; former Yahoo execs Ellen Siminoff and Jeff Mallett; CBS dynamo Quincy Smith; former When and Ofoto entrepreneur James Joaquin; Fox Interactive Media’s Peter Levinsohn; and many more.

marcandreessentime

But why not go for the man who was Zuckerberg before Zuckerberg was cool. Yes, the shiniest of Golden Geeks himself, Marc Andreessen (pictured here on the iconic Time magazine cover in 1996).

I could go on and on about the similarities I find between the two, if you compared today’s Zuckerberg with the Netscape founder in the mid-1990s.

From their arrogant innocence to their visionary qualities to their enfant-terrible charm, it is almost as if they were separated at birth.

But now Andreessen is all grown up and much, much matured from when I covered him. He has become all calm and sage and he even does a very decent blog.

Plus, he has also started and run a number of start-ups after Netscape, giving him deeper managerial experience over the last dozen years.

And, best of all, Andreessen knows the pressure of being the best-thing-since-sliced-bread in the tech sector, and its inevitable downside too.

Overall, a real mentor and partner for Zuckerberg, making a perfect pair of Golden Geeks.

Please see this disclosure related to me and Google.

About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference.

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Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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