Based on my many years experience, I’ve developed 24 laws of ad tech product management. These are “laws”, meaning they are always true, everywhere. Thread...
1. If you add something to targeting, it also must be in reporting.
2. The answer to the question “Do you need to forecast this?” is always yes.
3. The answer to “Is this forecast working well?” is always no.
4. If you give an agency customer two options, they will always choose “both.”
5. There can never be enough levels of your object hierarchy.
6. If you add a short-cut to extend your product hierarchy (like a “tag” feature), it is inevitable that the customer will want it fully permissioned like a real level of your object hierarchy.
7. There’s nothing more important to your customers than macros.
8. CTR is like cranberry sauce at Thanksgiving, it has to be on the table.
9. The Europeans are always unhappy.
10. The Asians are also always unhappy, but they may not tell you.
11. Your UI malfunctions are likely caused by the end user installing an ad blocker.
12. Your support team will build features that customers actually want but that the product team can’t build.
13. The product team will end up having to maintain the features built by the support team.
14. Someone in your org is going to suggest you create a “lite” or “express” version of your product.
15. Someone in your org is going to suggest replacing your object hierarchy with a “wizard”.
16. Every partner integrated into your UI will change their company name, sometimes twice.
17. You will have to integrate with Operative.
18. You will have to integrate with MediaOcean.
19. You will not be able to explain to anyone what MediaOcean does except that it is really important.
20. If there’s a hard problem, it will spawn a new industry group.
21. If there’s a new industry group, you’re going to be charged at least $5,000/year to participate.
22. If someone says they aren’t fingerprinting, they are most assuredly fingerprinting.
23. If someone says they are GDPR compliant they are most assuredly not GDPR compliant
In honor of today's congressional antitrust hearings I've updated my diagram of the Google ad stack. Feel free to use with attribution. (Changelog in thread below)
Most important update was clarification on YouTube availability. YT is sold only through Google Ads/GDN, not Authorized Buyers. When DV360 gets access to YT it is through those products. (Note: This distinction seems to be designed to thwart antitrust arguments)
Other changes were keeping up with Google's ridiculously Kafka-esque naming changes:
AdWords -> Ads
Exchange Bidding -> Open Bidding
EBDA -> Open Bidding
AdX -> Authorized Buyers
1/x <Thread> In-depth log-level study coming out of the UK's ISBA analyzing how funds flow from buyer to seller in ad tech (PDF download). Some highlights: isba.org.uk/media/2422/exe…
2/x DSP fees averaged 8%, which is lower than I expected, But actual fees charged by DSPs varied higher and lower than contracted amounts.
3/x SSP fees averaged 14%, which is higher than I expected, and exceeded contractual rates by 2% (hmm). This is in addition to Google's Open Bidding which the study found to be another 5% of publisher revenue.
In the wake of the massive Google Ads re-org reported by @SarahSluis and @adexchanger I'm going to indulge in some kremlinology and speculation about what's ahead for Google. A thread.... 1/ adexchanger.com/platforms/goog…
@SarahSluis@adexchanger 2/ Before I start, a quick note that while I'm personal friends with several of those involved, I have not had any conversations with them and I have no inside info, this is pure speculation.
@SarahSluis@adexchanger 3/ To start, this marks the end of an era. Since the acquisition ten years ago this is the first time all of the major ad products are led by non-DoubleClick product leadership. It was a good run!
Gather round folks, let's start a thread about the possibility that the government would force Google to divest DoubleClick. 1/x
2/x Business Insider ran this great article touching on some of the issues: businessinsider.com/marketers-weig… I'm quoted saying "it would be an epic change similar to when AT&T was broken up"
3/x For those of you who are new around here, Google acquired DoubleClick for $3.1 billion about ten years ago. DoubleClick products are both on the buy-side and sell-side of advertising and in some sectors have near monopoly positions.