The FPC Podcast

FirstPartyCapital

The FPC podcast covers the latest financial news in the ad tech sector, diving into the latest funding rounds, M&A transactions and economic trends. Each week we bring you the latest hot takes and interviews with leading entrepreneurs and investors. Hosted on Acast. See acast.com/privacy for more information.

  1. HACE 5 H

    Episode 32: Bedrock, Index Cloud, and the Rise of Containerisation

    Description Rich, Kevin and Ciarán are joined again by Shane Shevlin, CEO and co-founder of Bedrock Platform. The conversation digs into Bedrock’s recent announcement with Index Exchange, which sees Bedrock’s bidder containerised inside Index Cloud. Shane explains why bringing bid decisioning closer to the impression can dramatically reduce latency, lower infrastructure costs, and unlock more sophisticated use of data, models and signals in real-time media buying. The team also explores the return of specialist and verticalised bidders, the role of agentic workflows in campaign execution, the importance of composability and standards, and why the next wave of ad tech innovation may come from independent, highly focused players rather than the traditional scaled platforms. Chapters00:00 - Introduction Welcome to episode 32 of the FPC Podcast with returning guest Shane Shevlin, CEO and founder of Bedrock Platform. 01:00 - What is Bedrock Platform? Shane introduces Bedrock as a next-generation media buying platform, with a focus on agentic workflows, automation and composable infrastructure. 02:44 - Bedrock’s Index Cloud announcement The team discusses Bedrock’s recent partnership with Index Exchange and the significance of containerising Bedrock’s bidder inside Index Cloud. 04:23 - Why containerisation matters Shane explains the cost, infrastructure and performance benefits of deploying Bedrock’s codebase inside Index’s environment. 07:02 - Collapsing the latency window A deep dive into how reducing bid decisioning latency from tens of milliseconds to near-instantaneous response times can unlock new capabilities. 09:31 - More signals, better outcomes Kevin explains how access to more signal data, from geospatial to retail and transactional data, can improve media buying performance. 11:27 - The rise of specialist bidders The conversation explores how Bedrock’s composable stack could make it easier and cheaper to build verticalised bidders for specific use cases, channels and audiences. 14:15 - What this means for SSPs and DSPs Ciarán shares his view on whether other SSPs will adopt containerisation, and why Bedrock may occupy a new role in the ecosystem. 17:47 - Composability, portability and standards Shane and Kevin discuss the importance of open standards, shared infrastructure and collaborative development in the next phase of ad tech. 22:08 - New channels and new optimism The group discusses emerging environments such as agentic advertising, live sports and high-speed monetisation, and why the market feels exciting again. 23:04 - What has changed in the industry? Kevin reflects on the technological, financial and cultural shifts that have created a new generation of ad tech challengers. 25:35 - Shane’s experience building bidders Shane talks about the lessons learned from building multiple bidding systems and how Bedrock is applying that experience to CTV, video, audio and performance. 27:37 - Pathfinder and agentic capabilities Shane discusses Bedrock’s Pathfinder agents and early client tests around emerging specs and workflows. 28:35 - The thousand-bidder dream returns Rich closes by reflecting on how Bedrock and Index may bring back the original programmatic dream of many specialist bidders built for different use cases. 29:43 - Next episode preview A preview of the next FPC Podcast episode, featuring Rob McLaughlin of Audiences and a discussion of the Publicis-LiveRamp announcement. Hosted on Acast. See acast.com/privacy for more information.

    30 min
  2. 14 MAY

    Episode 31: FirstPartyFinance enters into a strategic partnership with OAREX

    Description Matt Byrne, CRO at OAREX, and Rich's old boss at FastPay, joins the FPC podcast to announce a new strategic partnership between FirstPartyFinance (FPC's debt arm) and OAREX. Inside the episode: The FastPay reunion, and what OAREX has built since (170 clients, ~$5bn of ad-spend processed)The $5M worked example — what a properly blended raise actually looks like on the cap tableThe hidden upside: with debt in place, founders pick the right investor, not just the highest bidderCiarán on weaponising payment terms — AdSense, Trade Desk, and the bank inside every adtech businessThe founder mistakes Rich and Matt keep watching: waiting too long, signing the wrong contracts, and assuming "debt is expensive" without doing the maths Chapters 00:00 Introduction to FPC Podcast and Partnership with OAREX 02:41 Overview of OAREX and Its Role in AdTech Financing 05:37 The Strategic Partnership: FPC and OAREX Collaboration 08:17 The Importance of Debt Financing for Startups 10:32 Balancing Equity and Debt: Insights from Founders 13:15 Understanding the Capital Stack: Debt vs. Equity 16:06 Practical Examples of Debt and Equity Financing 18:44 Competitive Advantages through Payment Terms 21:07 Innovative Financing Solutions in Ad Tech 24:05 Key Mistakes Founders Make in Financing 26:32 Final Thoughts and Takeaways for Founders Hosted on Acast. See acast.com/privacy for more information.

    40 min

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The FPC podcast covers the latest financial news in the ad tech sector, diving into the latest funding rounds, M&A transactions and economic trends. Each week we bring you the latest hot takes and interviews with leading entrepreneurs and investors. Hosted on Acast. See acast.com/privacy for more information.

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