The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 18 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 0 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Wise: Competing with MediaOcean requires $50B to $60B in processing volume
“So we've commoditized, you know, what we do way down so it'd be very difficult for someone to compete with us, because you would really, literally need to have 50 or sixty billion of spend going through the system just to compete.”
Wise: Executives who excel at golf are probably poor CEOs
“It's like I have a I have a thing where if you're a CEO or executive and you're good at golf, it means you're probably not that good of a CEO.”
Mediaocean claims to be the only adtech firm covering all media types
“We're the only ad tech company that is across all those media types.”
Wise: DSP take rates of 18% to 22% will inevitably get commoditized
“If they're making, you know, 18 20, 22%, you think that's going to get commoditized.”
Wise: Mediaocean's incremental revenue yields nearly 100% EBITDA margin
“The next incremental dollar is near a hundred percent EBITDA.”
Mediaocean Uses Wonderlic Testing Exclusively and Only Hires Top 21% Scorers
“We use no external recruiters because we ask everyone to take a wonder like test. And 21% of the world's population gets an A or B on this test. We only hire A's and B's.”
Wise: Vista Allowed 100% Equity Liquidity in Mediaocean Acquisition
“They allowed me to sell a hundred percent of my equity on their acquisition, re-upped me.”
Wise: Mediaocean processed $141B in 2016 media spend
“Last year we did one hundred and forty one billion dollars through our platform and we'll eclipse that by about five or six billion this year.”
Wise: MediaOcean holds exclusive agency contracts averaging 27-year relationship lengths
“All of our deals with the holding companies are at the holding company level and are exclusive. So from a billing, reconciliation invoicing, you know, all that back office stuff, those guys all have long-term contracts with us. In fact, when we were selling th…”
Wise: Donovan Data Systems Was Profitable Every Year Since 1967
“Donovan, you know, had been profitable literally every single year since 1967.”
Wise: Blockchain cannot handle programmatic ad scale
“Number one, they cannot, it cannot handle the level of scale that online advertising has, programmatic specifically.”
Wise: Salesforce lacks enterprise paid media infrastructure
“Well, and the other part of Salesforce, they have, you know, they have CRM you know, they have existing users through social, so it's paid, owned, and earned. They have owned and earned. They don't have paid.”
Mediaocean operates with only seven salespeople across all accounts
“So, because we have every single major agency, our sales department is looking for some smaller agencies. It's looking for connect partners. That's ad tech companies, data companies, supply partners, convergence. So, we actually only have about seven salespeop…”
DDS contributed 102% of net assets in the MediaBank merger
“DDS contributed a 102% of the net assets of the deal. And they were five times our size.”
Wise: DOJ challenged the MediaBank-DDS merger for seven months
“Now the Department of Justice took a liking to us. They blocked the deal for anti-competition. We battled that for seven months and got through.”
Wise: MediaOcean Invested $100M Over Five Years Into R&D
“We invested a hundred million dollars of R and D over five years to get there. So about 20, twenty one million dollars a year.”