Peter Kafka

Recent Posts by Peter Kafka

Elevation Makes Another Media Bet, Ups MarketShare Investment

Elevation Partners, the high profile private equity firm, has made another bet on the media business: It has invested $32 million into Marketshare, an analytics company that helps advertisers figure out the best way to spend their budgets.

The investment is a relatively small one for Elevation, which is best known for big deals that have had a mixed track record, like: Forbes, Palm, Yelp, and, through secondary sales, Facebook. But it’s worth noting that Elevation had already invested an undisclosed amount in MarketShare back in December 2008.

Los Angeles-based MarketShare bills itself as “the industry-leading cross-media analytics solution for global marketers.” Which means it sells software that helps big brands figure out how and where to place their ad and marketing dollars, both on and offline.

Co-founder Wes Nichols plays up his software’s ability to model different scenarios for brands based on a wide range of variables, and says his company has helped steer $100 billion in marketing spend since 2005.

Elevation principal Adam Hopkins will join MarketShare’s board of directors, where Elevation adviser Ted Meisel already has a seat.

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald